Benchmark starts ‘well positioned’ Lucid Group with a Buy

As previously reported, Benchmark analyst Mickey Legg initiated coverage of Lucid Group (LCID) with a Buy rating and $5 price target After a pause in 2024, domestic electric vehicle production is expected to improve in 2025 and further accelerate in 2026-27 as average selling prices decline and the charging infrastructure is built out, the analyst tells investors.. In that context, the firm views Lucid as “well positioned to achieve significant share of this burgeoning opportunity,” citing its technology, balance sheet, access to capital, Saudi investment, partnerships, “award-winning vehicles” and “highly integrated manufacturing capabilities,” the analyst tells investors.