Cantor Fitzgerald Keeps Neutral on Lucid, $3 Price Target
- Rating
- Neutral
- Unchanged
- Target
- $3
- Unchanged
- Outcome
- Reached
- on July 17, 2025
What the analyst said
Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $3.00 price target on Lucid Group Inc.
(NASDAQ: LCID).
“In Q2, Lucid (LCID, N) delivered 3,309 vehicles, below our estimates/ Visible Alpha consensus of 3,791/3,611 vehicles (but above 2,394 in 2Q24).
Additionally, LCID also pre-announced that it produced 3,863 vehicles, below our estimate/Visible Alpha consensus of 4,000/4,305 vehicles (but above 2,110 in 2Q24).
Recall that in FY24, Lucid delivered 10,241 vehicles and produced 9,029 vehicles. LCID will report 2Q25 earnings and host its earnings call at 5:00PM ET on 8/5.
A key item of focus will be gross margins as Lucid continues to work towards improving its persistently high negative GMs. For Q2, sell-side consensus is expecting Negative Gross Margins of (~95%).
On the call, we hope to get some quantification on the initial sales of the company’s new Gravity SUV (following its recent launch this year), also on whether the company remains on-track for the launch of its high volume midsize SUV (Management is targeting SOP in late-2026), color on the company’s newly announced robotaxi partnership with Uber (UBER, OW, covered by D.
Mathivanan) and Nuro (private), and finally, whether the company revises down its annual production guidance.
For FY25 LCID is currently guiding 20,000 vehicles, though we see a possible scenario where LCID could revise down its guidance.”
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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 August 4, 2026.
Track record
This call✓ Target reached on July 17, 2025, 10 days after the note. Prices are split-adjusted. Same target as this firm’s July 7, 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 June 16, 2025 to September 5, 2025. The target went from $3 to $2 (−33%). The rating stayed Hold.
- September 5, 2025Target cut from $3 (−33%)Hold$2
- August 6, 2025Kept the $3 targetHold$3
- August 4, 2025 This noteKept the $3 targetHold$3
- July 28, 2025Kept the $3 targetHold$3
- July 14, 2025Kept the $3 targetHold$3
- July 7, 2025Kept the $3 targetHold$3
- July 3, 2025Kept the $3 targetHold$3
- June 16, 2025Earliest call shownHold$3
Targets are adjusted for the 1-for-10 reverse split on Sep 2, 2025, so every call is in the same share terms as this note.
