Lucid Group Inc (NASDAQ: LCID) shares are trading higher Tuesday following positive analyst coverage from Cantor Fitzgerald.
Cantor Fitzgerald analyst Andres Sheppard initiated coverage on Lucid with an Overweight rating and announced a $23 price target, citing advantages of the company's Lucid Air relative to its peers.
The analyst highlighted the Lucid Air's industry-leading range, charging capabilities and premium feel featuring more space than the competition.
Lucid is a technology and automotive company developing the next generation of electric vehicle technologies.
LCID Price Action: Lucid has a 52-week high of $47.59 and a 52-week low of $13.25.
The stock was up 3.84% at $14.60 at time of publication, according to Benzinga Pro.
Photo: courtesy of Lucid.
Latest Ratings for LCID
Mar 2022 | Morgan Stanley (NYSE:MS) | Maintains | Underweight | |
Jan 2022 | Redburn Partners | Initiates Coverage On | Neutral | |
Dec 2021 | Guggenheim | Initiates Coverage On | Neutral |
View the Latest Analyst Ratings
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