Cantor Fitzgerald analyst Andres Sheppard lowered the firm’s price target on Lucid Group (LCID) to $21 from $26 and keeps a Neutral rating on the shares. Lucid’s management reaffirmed that the Midsize Platform is on track for start of production in late-2026, the analyst tells investors in a research note. Cantor continues to believe the Midsize will allow Lucid to scale up production at higher volumes and improve gross margins and expects the first introduced vehicle to be an SUV model.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCID:
- Lucid Group price target lowered to $17 from $20 at Baird
- Lucid Group: Promising Brand Momentum and Delivery Amid Financial Uncertainty
- Lucid Group Reports Strong Q3 2025 Results and Strategic Advances
- Lucid Group Expands Credit Facility to $2 Billion
- Lucid Group reports Q3 adjusted EPS ($2.65), consensus ($2.12)