Lucid Faces Mixed Analyst Targets as Bolt Autonomy Plan Advances
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Lucid Group is facing mixed market expectations as it advances a planned autonomous-mobility partnership with Bolt and works to reduce vehicle inventory after third-quarter deliveries exceeded production. Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and an $8 price target for Lucid on Oct. 12. The $8 target represented 130% implied upside from a $3.44 share price. RBC Capital lowered its Lucid price target to $4 from $7 while maintaining a Sector Perform rating. The contrasting views came as Lucid and Bolt pursue a European autonomous-mobility program announced Sept. 17.
Source: TokenPost
