Robert W. Baird Issues Pessimistic Forecast for Lucid Group (NASDAQ:LCID) Stock Price

Lucid Group (NASDAQ:LCID) had its price target decreased by Robert W. Baird from $14.00 to $12.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 55.84% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Zacks Research upgraded shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Royal Bank Of Canada reduced their target price on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Monday. Bank of America started coverage on shares of Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $12.25.

Lucid Group Stock Down 6.2%

Shares of NASDAQ:LCID opened at $7.70 on Wednesday. Lucid Group has a 52 week low of $7.39 and a 52 week high of $33.70. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25. The company’s fifty day moving average is $9.83 and its 200-day moving average is $12.98. The company has a market capitalization of $2.52 billion, a PE ratio of -0.63 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCID. Royal Bank of Canada lifted its position in Lucid Group by 9.5% during the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after buying an additional 9,578 shares in the last quarter. AQR Capital Management LLC raised its holdings in Lucid Group by 89.9% during the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock worth $1,226,000 after purchasing an additional 254,551 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Lucid Group by 103.2% during the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock worth $92,000 after purchasing an additional 19,294 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Lucid Group by 112.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after purchasing an additional 2,874,603 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Lucid Group by 11.3% during the 1st quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock worth $268,000 after purchasing an additional 11,252 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Lucid Group News Roundup

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

• Positive Sentiment: Uber and other strategic investors are committing meaningful capital and purchase volume: Uber increased its investment (bringing its total to $500M) and raised its vehicle purchase commitment to ~35,000 units; the Saudi PIF also committed funding, collectively strengthening Lucid’s runway and validating its robotaxi strategy. Read More.
• Positive Sentiment: Analysts and bulls point to a large robotaxi market and internal cost savings: Lucid’s initial Uber deal and management commentary highlight a potential >$300B TAM for robotaxis, plus management claims 60–70% BOM cost reductions on its 2027 midsize vehicle versus today’s Gravity platform — both could materially improve future margins if realized. Read More.
• Positive Sentiment: Leadership change: Lucid named Silvio Napoli as CEO, a move investors view as a step to professionalize operations and execution as the company shifts toward commercial robotaxi launches. Read More.
• Neutral Sentiment: Market reaction remains mixed: some outlets frame the news as transformational long‑term while others warn of execution risk and fading shareholder returns — creating continued headline sensitivity and volatility. Read More.
• Negative Sentiment: Immediate earnings/revenue pain: Lucid pre‑announced a steep Q1 revenue miss versus expectations and simultaneously disclosed a >$1B capital raise, signaling both weaker near‑term demand and dilution risk — a primary driver of the share decline. Read More.
• Negative Sentiment: Analyst downgrades and price‑target cuts accelerated selling pressure: firms including RBC and others lowered targets and ratings after the pre‑announcement and funding news, increasing downward pressure on the stock. Read More.
• Negative Sentiment: Legal risk: Multiple law firms (Pomerantz, Schall) have announced investor investigations into Lucid, adding regulatory/legal overhang that can amplify volatility and hurt sentiment. Read More. Read More.

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.