Lucid Group faces mixed analyst ratings and price target shifts

Lucid Group, Inc. has seen mixed reactions from equity analysts. Zacks Research recently upgraded the company from a ‘strong sell’ to a ‘hold’ rating. However, shares experienced a decline of 4.9% during mid-day trading on Thursday following a report from Citigroup, which lowered its price target from $14.00 to $11.00 while maintaining a ‘buy’ rating.

Other recent analyst actions include a downgrade to ‘market perform’ by William Blair and various price target adjustments from Benchmark, TD Cowen, and Morgan Stanley. The company currently holds a consensus rating of ‘Reduce’ with an average price target of $9.22.