Morgan Stanley analyst Adam Jonas reiterated a Hold rating on Lucid Group today and set a price target of $3.00. The company’s shares closed today at $3.12.
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Jonas covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Ferrari, and Rivian Automotive. According to TipRanks, Jonas has an average return of 5.0% and a 52.64% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Lucid Group with a $2.70 average price target, a -13.46% downside from current levels. In a report released today, Stifel Nicolaus also reiterated a Hold rating on the stock with a $3.00 price target.
LCID market cap is currently $7.11B and has a P/E ratio of -1.88.
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