Cantor Lucid · LCID

Cantor Fitzgerald Reaffirms Neutral on Lucid, $3 Price Target

Analyst: Andres Sheppard 1 min read Reproduced verbatim
Rating
Neutral
Unchanged
Target
$3
Unchanged
Outcome
Reached
on July 17, 2025
Cantor and Lucid logos

What the analyst said

Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $3.00 price target on Lucid Group Inc.

(NASDAQ: LCID).

“At our conference, we hosted Maynard Um, Head of Investor Relations.

LCID recently initiated FY25 vehicle production guidance of 20,000, which was in line with our preliminary estimate, and above consensus.

Recall that in FY24, Lucid delivered 10,241 vehicles and produced 9,029 vehicles.

Still, recall that on 2/25, LCID announced that Peter Rawlinson was stepping down as CEO and CTO and transitioning from Strategic Technical Advisor to the Chairman.

Peter served as CEO for 12 years and was not present on the earnings call, which we found unusual.

We continue to believe that Lucid’s vehicles are able to provide higher battery efficiency, longer battery range, better performance, and faster charging relative to other EVs, however, we remain Neutral due to persistent high negative gross margin, additional capital needs, a new management team, and worsening macro conditions.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

LCID trades at $3.29. The 5 analysts who set a target in the last 3 months range from $3 to $11, with a median of $6. This $3 target is 50% below the median, the lowest on the Street.

Since the note LCID has moved −86% (from $24.20). The 12-month window closed on March 24, 2026.

Track record

This call✓ Target reached on July 17, 2025, 5 months after the note. Prices are split-adjusted. Same target as this firm’s February 26, 2025 note, so it is scored there.

Firm track recordCantor: 79% of its 56 targets at least a year old were reached within 12 months (#15 of 26 firms); on Lucid, 4 of 6. Accuracy ranking →

Cantor on Lucid

Cantor price targets on Lucid

8 calls from February 26, 2025 to May 12, 2025. The target stayed at $3. The rating stayed Hold.

Cantor targetLCID share price
  1. May 12, 2025Rating only, no price targetHoldNo target
  2. May 7, 2025Kept the $3 targetHold$3
  3. May 5, 2025Kept the $3 targetHold$3
  4. April 7, 2025Rating only, no price targetHoldNo target
  5. March 31, 2025Kept the $3 targetHold$3
  6. March 28, 2025Kept the $3 targetHold$3
  7. March 24, 2025 This noteKept the $3 targetHold$3
  8. February 26, 2025Earliest call shownHold$3
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Other analysts on Lucid

Morgan StanleySell Cut price target −40%, kept rating Oct 15 $3from $5 RBC CapitalHold Cut price target −43%, kept rating Oct 12 $4from $7 StoneXHold Kept rating Oct 6 BairdHold Kept rating and price target Oct 6 $6maintained CitiBuy Cut price target −21%, kept rating Aug 18 $11from $14
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.