Lucid Group Inc LCID analysts spotlight the strengths and weaknesses of the EV firm after asserting a CEO transition and fourth-quarter monetary outcomes.
The Lucid Analysts: Cantor Fitzgerald analyst Andrew Sheppard maintained a Impartial score on Lucid with a $3 value goal.
Needham analyst Chris Pierce reiterated a Maintain score with no value goal.
Cantor Fitzgerald on LCID: Automobile manufacturing steering of 20,000 for fiscal 2025 was consistent with estimates, Sheppard stated in a brand new investor be aware.
The analyst stated Lucid’s gross margins beat, however nonetheless have an extended method to go.
Administration commentary stated the corporate has adequate liquidity into the second half of 2026, the analyst added.
The analyst highlighted Lucid’s latest automobiles, together with the Gravity SUV seven-seater SUV. The car began deliveries beforehand and will develop Lucid’s whole addressable market dimension. A midsize car with a beginning value beneath $50,000 stays a key future catalyst for the analyst.
“We consider this car might enable Lucid to scale-up manufacturing at greater volumes, and with its inexpensive value level, the corporate ought to expertise a surge in buyer demand,” Sheppard stated.
Whereas Sheppard was bullish on the brand new car launches and the corporate’s know-how, dangers stay with excessive unfavorable gross margins, further capital wants, a brand new administration workforce and worsening macro circumstances.
Learn Additionally: Lucid Deliveries Up 51% In January, Right here’s How Many Gravity SUVs Bought In First Full Month
Needham on LCID: The EV firm confirmed supply momentum within the quarter, however management modifications might add a brand new wrinkle, Pierce stated in a brand new investor be aware.
“LCID continues to indicate bettering supply momentum, and we see a low bar for continued momentum as they lean into promoting to assist the Gravity SUV launch as they ramp manufacturing,” Pierce stated.
The analyst stated this was Lucid’s fourth consecutive quarter of file deliveries and demand might choose up with the Gravity SUV launch.
“Gravity SUV orders are exceeding administration expectations from a quantity and an ASP perspective, and we proceed to view the Gravity launch as a second likelihood at a primary introduction for the model.”
The analyst stated combating in opposition to the optimistic near-term unit tendencies is the corporate’s uncertainty with Peter Rawlinson stepping down from the CEO and CTO roles.
“Wanting long term, the timing of optimistic gross margins and models wanted to realize optimistic gross margins continues to be an unknown and certain not a near-term occasion given LCID’s present scale.”
LCID Value Motion: Lucid inventory is down 11.13% to $2.32 on Wednesday versus a 52-week buying and selling vary of $1.93 to $4.43. Lucid inventory is down 27% over the past 12 months.
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Photograph: Courtesy Lucid
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