Core Viewpoint - Lucid Group's stock has seen a significant decline, but an analyst believes it is undervalued with potential for an 80% increase based on a new price target of $5 [1] Group 1: Company Positioning - Lucid has focused on the luxury electric vehicle (EV) market and has introduced the Gravity SUV to its lineup, which previously included the Air sedan [2] - The company is expected to benefit from a rebound in EV demand starting in 2025, following a challenging 2024 [2] - Lucid is considered well-positioned to capture market share due to its advanced technology, strong balance sheet, access to capital, award-winning vehicles, and strategic partnerships [2] Group 2: Financial Backing - The Saudi Public Investment Fund (PIF) is Lucid's largest shareholder and has provided significant capital support, including a 100,000-vehicle order for Lucid's electric sedans [3] Group 3: Delivery and Future Outlook - In 2024, Lucid delivered approximately 10,000 EVs and is relying on the Gravity SUV to boost consumer interest and delivery volumes in 2025 [4] - The company is set to report its fourth-quarter results on February 25, which could provide insights into early interest in the Gravity and its impact on future delivery volumes [4]

Lucid Motors (NASDAQ: LCID) has had a bumpy ride ever since its initial public offering (IPO) back in mid-2021. The electric vehicle (EV) business set ambitious production and delivery standards for itself — which it subsequently failed to meet. As a result, Lucid stock has been on a steady downward trajectory over the past three years.The situation is also exacerbated by the presence of what can only be described as a double-edged sword. While Lucid has secured the seemingly endless backing of Saudi Arabia ...

Lucid Gravity Grand Touring starts at $134,5001 CDN and is available to order now Lucid Gravity Touring will start at $113,5001 CDN and is planned for late 2025 Lucid Gravity delivers an expansive interior that comfortably seats up to seven adults and offers up to nearly 3,400 litres of cargo space. Grand Touring includes a NACS charging port and is projected to have more than 720km2 of range, 400 kW fast charging, and access to the Tesla Supercharger network Lucid Gravity Grand Touring can be found now on ...

Lucid (LCID 13.58%) stock is posting huge gains in Thursday's trading. The electric vehicle (EV) company's share price was up 13.4% as of 3 p.m. ET and had been up as much as 15.4% earlier in the daily session.Lucid's valuation is surging today following recent analyst coverage. In a note published yesterday, Benchmark analyst Mickey Legg initiated coverage on the stock with a buy rating and a one-year price target of $5 per share.As of this writing, Legg's price target implies additional upside of roughly ...

Shares of Lucid Group (LCID 14.32%) were trading 13.2% higher as of 1:15 p.m. ET Thursday after having been up by as much as 15.3% earlier in the session. At the time, the S&P 500 had gained 0.4% and the Nasdaq Composite was up 0.7%.What happenedThe electric vehicle (EV) maker announced Thursday that veteran Lucid engineer Emad Dlala had been promoted to the role of senior vice president of powertrain. Dlala was a central player in the development of many of Lucid's key technologies and vehicle systems, and ...

NEWARK, Calif., Feb. 13, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced that Emad Dlala has been promoted to Senior Vice President of Powertrain, effective immediately. In this role, Emad will continue to be responsible for powertrain development and powertrain engineering, including drive units, power electronics and batteries as well as Lucid's efficiency and charging strategy. He previously served as Vice President of Powertrai ...

Lucid Group (NASDAQ: LCID) just received a fresh price target from analysts at investment banking and financial advisory firm Benchmark. On February 12, the firm initiated coverage on the luxury EV maker, giving it a “buy” rating and setting a $5.00 price target. If that prediction holds, Lucid stock could see an 85.87% increase from its current price.Cantor Fitzgerald is the only other firm to issue a price target in 2025, maintaining a neutral rating and a $3.00 target in a research note on January 7. Wi ...

Lucid Group (LCID -2.08%) looks expensive on multiple metrics. Shares trade at 9.1 times sales, despite the company never reaching profitability. Last quarter, its gross profit margins was deeply in the red. But don't let these numbers fool you. Shares are cheaper than they seem for one reason.Lucid Group is about to double in sizeTake a look at the chart. It's clear that from a size standpoint, Lucid has more room to grow than other EV stocks like Rivian Automotive and Tesla. And yet its valuation, at leas ...

Electric vehicle (EV) sales struggled in 2024, but not in the way you'd think. Tesla, for instance, experienced a 1% annual sales decline in 2024, its first in over a decade. This growth rate fell below the company's expectations. In fact, industry growth as a whole fell below analyst expectations. But don't let these poor figures fool you. In 2024, EV sales in the U.S. still grew by 7.3%, with 1.3 million EVs sold -- a new record. And globally, around 20% of all vehicles sales were EVs last year. According ...

NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced its participation in the 12th Annual BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference being held February 11-12 at the Cliff Lodge in Snowbird, UT.Shaun O'Neil, Lucid's President and Chief Operating Officer, will host one-on-one meetings throughout the co ...