Analysts set Lucid (LCID) stock price target

Cantor Fitzgerald reiterated its “Neutral” rating on Lucid Group (NASDAQ: LCID) on October 12, with an $8 Lucid stock price target, which implies 130% upside from its current share price of $3.44. The call followed the electric vehicle maker’s partnership with European ride-hailing platform Bolt, which is set to develop and deploy new autonomous vehicles ( AV ). Analyst Andres Sheppard sees the fleet partnership as a potential catalyst for Lucid, and he argues that liquidity is going to fund the business well into next year.

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