TD Cowen Lowers Lucid Group (NASDAQ:LCID) Price Target to $7.00

Key Points

• TD Cowen cut its price target on Lucid from $10 to $7 and maintained a "hold" rating, signaling softer near‑term expectations for the stock.
• Q1 results disappointed: Lucid reported ($2.82) EPS vs. ($2.53) expected and revenue of $282.5M vs. $358.5M consensus, with inventory write‑downs, supplier disruption and a near‑$1B headline loss prompting the company to pull formal production guidance.
• Liquidity and operational positives: Lucid raised roughly $1.05B in April and reported strong year‑over‑year production and delivery growth, while strategic investors (including an increased Uber stake) helped improve near‑term liquidity despite mixed sell‑side sentiment.

Lucid Group (NASDAQ:LCID - Get Free Report) had its price target dropped by equities research analysts at TD Cowen from $10.00 to $7.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. TD Cowen's target price would suggest a potential upside of 13.20% from the company's previous close.

Several other research firms have also recently weighed in on LCID. Zacks Research upgraded shares of Lucid Group from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lucid Group in a report on Friday, March 27th. Bank of America started coverage on shares of Lucid Group in a report on Wednesday, March 4th. They issued an "underperform" rating and a $10.00 price target on the stock. Benchmark lowered Lucid Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Royal Bank Of Canada lowered their price objective on Lucid Group from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Lucid Group presently has an average rating of "Reduce" and a consensus price target of $10.50.

Lucid Group Trading Down 1.1%

Shares of Lucid Group stock traded down $0.07 on Wednesday, hitting $6.18. The stock had a trading volume of 22,587,927 shares, compared to its average volume of 10,915,852. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. Lucid Group has a one year low of $5.62 and a one year high of $33.70. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -0.51 and a beta of 0.88. The stock's 50-day simple moving average is $8.99 and its two-hundred day simple moving average is $11.56.

Lucid Group (NASDAQ:LCID - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.29). Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.The firm had revenue of $282.47 million during the quarter, compared to the consensus estimate of $358.46 million. During the same quarter in the prior year, the business posted ($0.20) EPS. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. As a group, sell-side analysts predict that Lucid Group will post -9.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LCID. Tudor Investment Corp ET AL bought a new stake in shares of Lucid Group during the 3rd quarter valued at about $1,361,978,000. Y Intercept Hong Kong Ltd bought a new position in shares of Lucid Group during the 3rd quarter valued at approximately $2,248,000. SG Americas Securities LLC boosted its stake in Lucid Group by 65.9% in the 4th quarter. SG Americas Securities LLC now owns 181,153 shares of the company's stock worth $1,915,000 after purchasing an additional 71,966 shares during the period. Calamos Advisors LLC bought a new position in Lucid Group in the 4th quarter worth approximately $1,586,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Lucid Group in the 3rd quarter worth approximately $496,000. Institutional investors own 75.17% of the company's stock.

More Lucid Group News

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Raised roughly $1.05 billion in April (PIF affiliate convertible preferred, a $300M common offering and a $200M Uber investment), materially improving near-term liquidity. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Production and deliveries rose sharply year-over-year (5,500 produced, up 149%; 3,093 delivered), showing operational momentum versus 2025. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Uber increased its strategic stake to $500M and remains a partner as Lucid pursues lower‑priced midsize EVs and robotaxi-related initiatives, which could expand future demand channels. Lucid Stock Pauses Following Q1 Earnings: What's Going On?
• Positive Sentiment: Some analysts still see meaningful upside versus current levels — the consensus 12‑month target remains well above the share price, reflecting bullish long‑term views from parts of the sell‑side. Wall Street Sees 104% Upside for Lucid
• Neutral Sentiment: Company pulled formal production guidance while the incoming CEO conducts a business review — reduces near‑term visibility but is a standard step during leadership transitions. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Q1 revenue grew year-over-year (about +20%) but fell well short of consensus — positive top-line trend offset by other issues. Lucid Q1 Press Release / Slide Deck
• Negative Sentiment: Q1 EPS missed estimates badly (reported loss of $2.82 per share vs. consensus ~$2.53 loss) and the quarter showed a nearly $1B loss in headlines; margins were hit by write‑downs and costs. Lucid Q1 Results (MarketBeat)
• Negative Sentiment: Inventory write‑downs and bloated inventory forced Lucid to say it will adjust production, pressuring near‑term margins and raising execution risk. LCID Q1 Earnings Miss on Inventory Write‑Downs (Zacks)
• Negative Sentiment: Supplier issue disrupted Gravity SUV deliveries in February, producing the biggest revenue miss in years and exacerbating the top‑line miss. Lucid misses quarterly revenue estimates (Reuters)
• Negative Sentiment: Sell‑side reactions turned negative: Morgan Stanley halved its price target to $5 and kept an Underweight rating; Benchmark downgraded from Buy to Hold — these cuts worsen short‑term sentiment. Morgan Stanley Slashes Lucid Price Target (247WallSt)

Lucid Group Company Profile

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.

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