Lucid Group (NASDAQ:LCID) Now Covered by Citigroup

Citigroup initiated coverage on shares of Lucid Group (NASDAQ:LCID) in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $17.00 target price on the stock.

Several other equities research analysts also recently issued reports on LCID. 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 reissued a “sell (e+)” rating on shares of Lucid Group in a research report on Monday, December 29th. Robert W. Baird set a $14.00 price objective on Lucid Group in a research report on Tuesday, January 6th. Cantor Fitzgerald reduced their target price on Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Benchmark reissued a “buy” rating on shares of Lucid Group in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.14.

Lucid Group Stock Performance

Shares of LCID opened at $9.95 on Wednesday. The firm has a 50-day moving average of $10.38 and a 200-day moving average of $14.54. Lucid Group has a one year low of $9.12 and a one year high of $33.70. The company has a market cap of $3.26 billion, a PE ratio of -0.82 and a beta of 1.12. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.25 and a quick ratio of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LCID. Royal Bank of Canada lifted its position in Lucid Group by 9.5% during the first quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after acquiring an additional 9,578 shares during the last quarter. AQR Capital Management LLC lifted 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 lifted 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. lifted 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 lifted 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.

Key Lucid Group News

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

• Positive Sentiment: Citigroup started coverage with a “Buy” and a $17 price target, signaling institutional support and suggesting significant upside from current levels. Benzinga Coverage Note
• Positive Sentiment: Stifel reiterated a $17 12-month price target after Lucid’s March investor day, showing at least some sell-side confidence that the company’s strategy could translate into higher long-term value. Wall Street Price Target Update
• Positive Sentiment: Management outlined a new midsize EV platform intended to underpin three models (Cosmos, Earth and Lunar robotaxi concept) with a target starting price under $50,000 — a potential route to higher-volume, more affordable EVs if execution meets targets. Benzinga Product/Strategy Note
• Positive Sentiment: Lucid announced a first European dealer partnership in Germany (Wackenhut) to launch sales and service — a tangible step toward international expansion and improving distribution/service footprint. PR Newswire Dealer Partnership
• Neutral Sentiment: Lucid leadership spoke at Bank of America’s Global Automotive Summit, increasing visibility with institutional investors but with no new financial guidance announced. PR Newswire Summit Participation
• Neutral Sentiment: Coverage and commentaries note “mixed signals” from Lucid: credible tech and product roadmaps but uncertain near-term production and margins. These narratives are keeping investor attention but not resolving execution questions. Kalkine Media Analysis
• Negative Sentiment: Short-term share weakness: coverage noted LCID fell more than the market today, reflecting investor caution after recent announcements and ongoing volatility. Zacks Market Move
• Negative Sentiment: Major concerns persist around rising operating costs, high cash burn, heavy debt (high D/E) and very low production volumes — these factors could pressure near-term profitability and require additional capital. Zacks Investor Day Caveats
• Neutral Sentiment: Some articles referencing “Lucid Group” coverage (e.g., board appointment of a former Pfizer R&D leader) relate to a different company in healthcare services and are not about Lucid Motors (LCID); these are likely noise for LCID investors. Yahoo — Different Lucid Group

About Lucid Group

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.