Banking giants set Lucid stock price targets

Summary⚈ Lucid reported a wider net loss of $731M despite 36% year-over-year revenue growth and 3,109 vehicle deliveries.⚈ Stifel, Cantor Fitzgerald, and Needham all reiterated Hold/Neutral ratings, citing optimism around the Gravity SUV.⚈ LCID remains down over 12% year-to-date as investors weigh production goals against persistent financial challenges.Several investment banks have issued a cautiously optimistic outlook on Lucid (NASDAQ: LCID) stock at a critical moment, following the electric vehicle (EV) ...