Baird Maintains Neutral on Lucid, $6 Price Target
- Rating
- Hold
- Price target
- $6
- Implied upside
- +44%
- vs $4.17 prior close
Baird analyst Ben Kallo reiterated a Neutral rating and $6.00 price target on Lucid Group Inc. (NASDAQ: LCID).
“No change in outlook. LCID reported Q3 deliveries that missed our/consensus estimates and declined y/y as LCID continues to weather the challenging demand backdrop for luxury EVs.
Production declined both sequentially and y/y as the company manages inventory.
Recall that inventory management was outlined in LCID’s Q2 update as the largest area for improving cash management ($600M-$800M of inventory savings in broader $1.4B plan).
No formal guidance was reinstated, which we speculate will be given moving into 2027. We are updating our model for deliveries, and our outlook is unchanged.”
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Tracking this call
Since this note−7% LCID $4.17 → $3.88 (Oct 7) · moving away from the target
This callScored on Apr 7, 2027, six months after the note: did LCID reach $6?
Firm track recordBaird reached 43% of its 23 scored targets within six months (#29 of 31 firms); on Lucid, 1 of 4. Accuracy ranking →
