Lucid Group Inc LCID analysts spotlight the strengths and weaknesses of the EV firm after saying 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 steerage of 20,000 for fiscal 2025 was consistent with estimates, Sheppard mentioned in a brand new investor notice.
The analyst mentioned Lucid’s gross margins beat, however nonetheless have a protracted approach to go.
Administration commentary mentioned the corporate has ample liquidity into the second half of 2026, the analyst added.
The analyst highlighted Lucid’s latest autos, together with the Gravity SUV seven-seater SUV. The automobile began deliveries beforehand and will increase Lucid’s whole addressable market measurement. A midsize automobile with a beginning value below $50,000 stays a key future catalyst for the analyst.
“We imagine this automobile could enable Lucid to scale-up manufacturing at increased volumes, and with its inexpensive value level, the corporate ought to expertise a surge in buyer demand,” Sheppard mentioned.
Whereas Sheppard was bullish on the brand new automobile launches and the corporate’s know-how, dangers stay with excessive damaging gross margins, extra capital wants, a brand new administration group and worsening macro situations.
Learn Additionally: Lucid Deliveries Up 51% In January, Right here’s How Many Gravity SUVs Offered In First Full Month
Needham on LCID: The EV firm confirmed supply momentum within the quarter, however management adjustments might add a brand new wrinkle, Pierce mentioned in a brand new investor notice.
“LCID continues to point out 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 mentioned.
The analyst mentioned this was Lucid’s fourth consecutive quarter of report 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 mentioned combating towards the optimistic near-term unit tendencies is the corporate’s uncertainty with Peter Rawlinson stepping down from the CEO and CTO roles.
“Wanting long run, the timing of optimistic gross margins and models wanted to realize optimistic gross margins continues to be an unknown and sure not a near-term occasion given LCID’s present scale.”
LCID Worth 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% during the last yr.
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Picture: Courtesy Lucid
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