TD Cowen Lowers Lucid Group (NASDAQ:LCID) Price Target to $7.00

Lucid Group (NASDAQ:LCID) had its target price reduced by equities research analysts at TD Cowen from $10.00 to $7.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential upside of 13.20% from the company’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird set a $6.00 price objective on Lucid Group in a report on Wednesday. Bank of America initiated coverage on Lucid Group in a report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price target on the stock. Morgan Stanley set a $5.00 price target on Lucid Group in a report on Wednesday. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Citigroup initiated coverage on Lucid Group in a report on Wednesday, March 18th. They set a “buy” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.50.

Lucid Group Price Performance

Shares of LCID traded down $0.07 during mid-day trading on Wednesday, hitting $6.18. 22,587,927 shares of the stock were exchanged, compared to its average volume of 10,915,852. The company has a market cap of $2.03 billion, a PE ratio of -0.51 and a beta of 0.88. Lucid Group has a 52-week low of $5.62 and a 52-week high of $33.70. The firm has a 50-day moving average of $8.99 and a two-hundred day moving average of $11.56. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25.

Lucid Group (NASDAQ:LCID) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.29). The firm had revenue of $282.47 million for the quarter, compared to analysts’ expectations of $358.46 million. Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned ($0.20) earnings per share. On average, equities analysts predict that Lucid Group will post -9.53 earnings per share for the current year.

Institutional Trading of Lucid Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in Lucid Group in the third quarter worth $1,361,978,000. Uber Technologies Inc purchased a new stake in Lucid Group in the third quarter worth $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lucid Group by 39.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after purchasing an additional 3,465,542 shares during the period. Vanguard Group Inc. grew its position in shares of Lucid Group by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after buying an additional 701,826 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Lucid Group by 112.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after buying an additional 2,874,603 shares in the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Key Stories Impacting Lucid Group

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Raised roughly $1.05 billion in April (PIF affiliate convertible preferred, a $300M common offering and a $200M Uber investment), materially improving near-term liquidity. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Production and deliveries rose sharply year-over-year (5,500 produced, up 149%; 3,093 delivered), showing operational momentum versus 2025. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Uber increased its strategic stake to $500M and remains a partner as Lucid pursues lower‑priced midsize EVs and robotaxi-related initiatives, which could expand future demand channels. Lucid Stock Pauses Following Q1 Earnings: What’s Going On?
• Positive Sentiment: Some analysts still see meaningful upside versus current levels — the consensus 12‑month target remains well above the share price, reflecting bullish long‑term views from parts of the sell‑side. Wall Street Sees 104% Upside for Lucid
• Neutral Sentiment: Company pulled formal production guidance while the incoming CEO conducts a business review — reduces near‑term visibility but is a standard step during leadership transitions. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Q1 revenue grew year-over-year (about +20%) but fell well short of consensus — positive top-line trend offset by other issues. Lucid Q1 Press Release / Slide Deck
• Negative Sentiment: Q1 EPS missed estimates badly (reported loss of $2.82 per share vs. consensus ~$2.53 loss) and the quarter showed a nearly $1B loss in headlines; margins were hit by write‑downs and costs. Lucid Q1 Results (MarketBeat)
• Negative Sentiment: Inventory write‑downs and bloated inventory forced Lucid to say it will adjust production, pressuring near‑term margins and raising execution risk. LCID Q1 Earnings Miss on Inventory Write‑Downs (Zacks)
• Negative Sentiment: Supplier issue disrupted Gravity SUV deliveries in February, producing the biggest revenue miss in years and exacerbating the top‑line miss. Lucid misses quarterly revenue estimates (Reuters)
• Negative Sentiment: Sell‑side reactions turned negative: Morgan Stanley halved its price target to $5 and kept an Underweight rating; Benchmark downgraded from Buy to Hold — these cuts worsen short‑term sentiment. Morgan Stanley Slashes Lucid Price Target (247WallSt)

Lucid Group Company Profile

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.