Lucid Group price target raised to $26 from $20 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Lucid Group (LCID) to $26 from $20 and keeps a Neutral rating on the shares after hosting investor meetings with the company’s CEO and CFO. Lucid can continue to pursue additional robotaxi opportunities for its Air, or Midsize platform, and for other variants of Gravity, and Cantor expects Lucid to continue to ramp up its autonomy features in its vehicles to add to their offering for customers, the analyst tells investors in a research note.