Lucid Group upgraded by Morgan Stanley with a new price target
$LCID
Auto Manufacturing
Consumer Discretionary
Morgan Stanley upgraded Lucid Group from Underweight to Equal-Weight and set a new price target of $3.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $3.00 | Underweight → Equal-Weight | Morgan Stanley |
| 3/7/2025 | $2.29 | Hold | TD Cowen |
| 2/26/2025 | $3.00 → $1.00 | Neutral → Underperform | BofA Securities |
| 2/24/2025 | $3.50 → $1.12 | Neutral → Sell | Redburn Atlantic |
| 2/12/2025 | $5.00 | Buy | The Benchmark Company |
| 11/11/2024 | $4.00 | Hold → Buy | R. F. Lafferty |
| 8/6/2024 | $4.00 | Underweight → Neutral | Cantor Fitzgerald |
| 4/22/2024 | $2.90 | Neutral | Citigroup |
NEWARK, Calif., May 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the opening of its latest Studio and Service Center location in Rutherford, N.J. The new facility, built to serve the rapidly expanding customer base in New Jersey marks Lucid's 43rd permanent location in North America and 58th location globally. "New Jersey drivers have increasingly embraced the award-winning performance, range, and design of Lucid and we are delighted to open this expansive new studio and service center for our ar
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gatingDelivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024Q1 revenue of $235.0 millionGAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)Ended the quarter with approximately $5.76 billion in total liquidityNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2025. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).
New leaders set to drive growth and bolster leadership in key areas NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho "AK" Oghoghomeh as Senior Vice President of Marketing, Jason Ryska as Vice President of Global Manufacturing Engineering, Dr. Kay Stepper as Vice President of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD), and Adrian Price as Senior Vice President of Operations. They add to key talent who joined Lucid last year, including Erwin Raphael
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Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gatingDelivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024Q1 revenue of $235.0 millionGAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)Ended the quarter with approximately $5.76 billion in total liquidityNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2025. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).
NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended March 31, 2025. During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.1 Lucid will host a conference call to discuss its first quarter 2025 financial results on Tuesday, May 6, 2025, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, th
Produced 3,386 vehicles in Q4 and 9,029 vehicles in 2024, in line with the 2024 annual production guidance of 9,000 vehiclesDelivered 3,099 vehicles in Q4 and 10,241 vehicles in 2024; up 79% compared to Q4 2023 and up 71% compared to full year 2023Q4 revenue of $234.5 million and annual revenue of $807.8 millionGAAP net loss per share of $(0.22) in Q4 and $(1.25) in full year 2024; non-GAAP net loss per share of $(0.22) in Q4 and $(1.04) in full year 2024Ended the quarter with approximately $6.13 billion in total liquidity2025 production guidance of approximately 20,000 vehiclesAnnounced CEO transition; Marc Winterhoff, COO, appointed Interim CEO, Peter Rawlinson to serve as Strategic Techni
Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobility KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, and King Abdullah University of Science and Technology (KAUST), a leading academic and research institution focused on science and technology innovation with regional and global impact, today announced a strategic partnership designed to shape the future of EV technology. Leveraging the growing resources in the Kingdom of Saudi Arabia, Lucid aims to furt
Peter Rawlinson steps aside from prior roles, transitions to Strategic Technical Advisor to the Chairman, Marc Winterhoff Appointed Interim CEO NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer. As part of the company's regular succession plan
NEWARK, Calif., Jan. 28, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the appointment of Taoufiq Boussaid as Chief Financial Officer, planned to become effective February 25, 2025. Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role. "Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward ach
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Morgan Stanley upgraded Lucid Group from Underweight to Equal-Weight and set a new price target of $3.00
TD Cowen initiated coverage of Lucid Group with a rating of Hold and set a new price target of $2.30
BofA Securities downgraded Lucid Group from Neutral to Underperform and set a new price target of $1.00 from $3.00 previously