Citi initiates Lucid coverage

Lucid

18/03/2026 13:09

** Citi initiates coverage of EV firm Lucid Group LCID.O with "Buy/High Risk" rating and $17 PT

** "We believe the company is at a positive inflection point, given the Gravity launch was completed in 4Q 25, the launch of the Cosmos is on track to begin production in 4Q 26" - brokerage

** Average rating of 13 analysts covering LCID is "hold"; their median PT is $14, according to LSEG-compiled data

** As of last close, stock down ~2% this year; the stock had fallen ~65% in 2025

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))