Needham Lucid · LCID

Needham Keeps Hold Rating on Lucid

Analyst: Vikram Bagri 1 min read Reproduced verbatim
Rating
Hold
Unchanged

The median of 6 current targets on Lucid is $4.50.

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What the analyst said

Needham analyst Vikram Bagri reiterated a Hold rating on Lucid Group Inc. (NASDAQ: LCID).

“We reiterate our Hold rating on LCID as near‑term execution challenges temper its long‑term growth potential.

Gravity demand trends are encouraging, and the recently announced Uber/Nuro partnership underscores the strength and scalability of LCID’s technology platform.

However, production targets have been moderated, meaningful profitability remains elusive, and cash burn is elevated amid persistent margin pressures.

Continued sponsor support provides a runway, but the path to sustainable earnings will require significant progress in scaling production, improving manufacturing efficiency, and exercising disciplined capital allocation.”

Price Target note: Lucid completed a 1-for-10 reverse stock split on September 2, 2025.

This note predates the split, so any per-share figures in it are in pre-split share terms; multiply them by 10 to compare with the share price after the split.

Disclaimer
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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.

Track record

Firm track recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months. Accuracy ranking →

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Other analysts on Lucid

TD CowenHold Cut price target −43%, kept ratingCut target Nov 10 $4from $7−43% CantorHold Cut price target −25%, kept ratingCut target Nov 10 $6from $8−25% BairdHold Cut price target −17%, kept ratingCut target Nov 10 $5from $6−17% Morgan StanleySell Cut price target −40%, kept ratingCut target Oct 15 $3from $5−40% RBC CapitalHold Cut price target −43%, kept ratingCut target Oct 12 $4from $7−43%
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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.