Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF

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Go back to Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF

CFRA Reiterates Sell Rating on Lucid Group Inc. (LCID)

October 17, 2024 12:47 PM EDT

CFRA analyst Garrett Nelson reiterated a Sell rating and $2.00 price target on Lucid Group Inc. (NASDAQ: LCID).

The analyst comments "We maintain our 12-month target of $2. LCID shares are down ~14% after announcing a common stock offering of 262.4M shares on Wednesday afternoon. The company... More