BofA Remains ‘Neutral’ Rating On Lucid With $1.00 PT

BofA Securities analyst John Murphy reiterated on July 17, 2025, an ‘Underperform’ rating and $1.00 price target on Lucid Motors.

“We reiterate our Underperform rating.

We still see risk from product development stalling post CEO (Peter Rawlinson) departure earlier in 2025.

In addition, the risk associated with tariff costs and flagging consumer demand for electric vehicles are incremental challenges for the company, in our view.

Although the announcement is a positive development, it remains unclear what the financial ramifications are outside the sale of incremental 20,000+ vehicles and the Uber investment.

It is unclear whether there are revenue sharing opportunities for LCID, and how large they could be.”

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.