Cantor Reiterates 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).
“We continue to believe that Lucid vehicles are able to provide higher battery efficiency, longer battery range, better performance, more space, and faster charging (relative to other EVs).
As it continues to ramp up, we expect the Gravity will help materially boost customer demand (management expects the Gravity to have ~6x the TAM of the Lucid Air Sedan).
On the call, LCID disclosed that gravity daily orders have “nearly doubled” since display, and in our estimates, we continue to model 6,064 Lucid Gravity deliveries in FY25 and 10,248 in FY26.
Additionally, we also continue to believe the launch of the midsize platform (2H26E) will be a material catalyst that should help the company scale and improve margins further, and we are encouraged by the company’s plan to enter the robotaxi market in late 2026 via Uber, which we also see as a material catalyst.
However, we are discouraged in the nearterm, by the company’s FY25 revised production guidance (in-line with our expectations) and by the persistent high negative gross margins.
Overall, we remain neutral due to persistent high negative gross margin, additional capital needs, supply constraints, a worsening macro environment, and tariff uncertainty.”
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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 6, 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 July 3, 2025 to September 8, 2025. The target went from $3 to $2 (−33%). The rating stayed Hold.
- September 8, 2025Kept the $2 targetHold$2
- September 5, 2025Target cut from $3 (−33%)Hold$2
- August 6, 2025 This noteKept the $3 targetHold$3
- August 4, 2025Kept 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, 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.
