Cantor Fitzgerald Affirms Neutral on Lucid, $8 Price Target

Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $8.00 price target on Lucid Group Inc.

(NASDAQ: LCID).

“Drawing on LCID’s upcoming Midsize platform, Bolt is targeting an initial fleet of ~25K units spanning multiple European markets, followed by its longer-term target of ~100K self-driving vehicles by 2035.

This partnership will complement LCID’s robotaxi partnership with Uber (UBER, OW), which was previously expanded to >35,000 vehicles (from prior ~20,000) over six years, starting in 4Q26.

Lastly, as of Q2 LCID has total liquidity of ~$3B, which management expects is sufficient to fund the business “well into next year.” Still, last week, LCID drew $400M from its DDTL facility, leaving ~$400M remaining in additional borrowing capacity.

What’s next? LCID will report 3Q26 earnings on 11/9 and host its earnings call at 5:30 PM ET.”

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