Lucid Group Analysts Break Down Q2 Earnings, $1.5B Saudi Financing For EV Stock: 'We See This Capital Raise As Significant'

Electric vehicle Lucid Group LCID gets praise from analysts for its updated financing, vehicle launch timeline and superior technology after reporting second-quarter financial results. The Lucid Analysts: Needham analyst Chris Pierce reiterated a Hold rating and has no price target on the stock. Cantor Fitzgerlad analyst Andres Sheppard upgraded shares from Underweight to Neutral and reiterated a $4 price target. RBC Capital Markets analyst Tom Narayan reiterated a Sector Perform rating and $3 price target. ...