Cantor Raises Lucid Price Target to $26 After Investor Meetings

Cantor Fitzgerald analyst Andres Sheppard raised the price target on Lucid Group Inc.

(NASDAQ: LCID) to $26.00 (from $20.00) while maintaining a Neutral rating.

“Last week, we hosted investors for meetings with Marc Winterhoff, interim CEO of Lucid, and Taoufiq Boussaid, CFO, in NYC.

Key topics of conversation included the recent robotaxi partnership with Uber/Nuro, vehicle deliveries expectations, ramp-up of the Lucid Gravity SUV, upcoming launch of the midsize platform, the company’s recent reverse stock split, the relationships with the Government of Saudi Arabia & the PIF, and its pending capital needs.

We 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. We Increased our PT to $26 (from $20).”

“In FY24, LCID produced/delivered 9,029/10,241 vehicles, respectively, and so far in 1H25, Lucid has produced/delivered 6,075/6,418 vehicles, respectively.

The company is guiding to produce 18,000-20,000 vehicles in FY25, and for 3Q25, we are expecting LCID to deliver 4,745 vehicles (vs.

Visible Alpha Consensus of 4,286), and for LCID to produce 5,550 vehicles vs. Visible Alpha Consensus of 5,175 vehicles. For FY25, we are modeling deliveries/production of 16,650/18,500 vehicles, vs.

Visible Alpha consensus of 15,669/17,800 vehicles, respectively.”

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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.