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Citi initiates Lucid coverage

ReutersMar 18, 2026 1:09 PM

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

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