Cantor Reiterates Lucid’s $26 PT Ahead of Q3 Delivery Results

Cantor Fitzgerald analyst Andres Sheppard reiterated October 6, 2025, its $26 price target on Lucid Motors, while maintaining a ‘Neutral’ rating on the stock.

“On-Deck, We Expect It to Pre-Announce Today

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, Consensus is expecting 4,286 deliveries, and 5,175 vehicles produced.

For FY25, consensus is currently modeling 15,669/17,800 vehicles delivered and produced, respectively.”

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