Is Lucid Still A Buy? Analyst Cites 'Best-In-Class' Technology But Cuts Price Target
Is Lucid Still A Buy? Analyst Cites 'Best-In-Class' Technology But Cuts Price Target
Brokerage firm Stifel on Monday lowered the price target on EV maker Lucid Group Inc (NASDAQ:LCID) to $4 from $5 while maintaining its "hold" rating.
What Happened: The brokerage sees several positives for Lucid despite the downward outlook for EV sales in the near term. The positives include the availability of a lower-priced rear-wheel drive version of the company's flagship Lucid Air sedan starting at $69,900 and its focus on controlling costs.
The brokerage believes the company has the best-in-class technology which has the potential for additional licensing agreements. Further, the company is eyeing production of its Gravity SUV in the later part of this year, the brokerage noted.
However, despite the positives, Stifel is holding back from changing its rating to a buy, partly due to the company's cash burn.
How Is Lucid Doing: For the fourth quarter, Lucid reported revenue of $157.2 million, which missed the consensus estimate, and a better-than-feared loss of 29 cents per share. The company's total cost and expenses in the quarter amounted to $894 million.
The company is looking to produce 9,000 vehicles this year, higher than the 8,428 vehicles it made in 2023.
Price Action: Lucid shares closed up 4.3% at $3.15 on Monday, and rose 1.59% in Tuesday's premarket, according to data from Benzinga Pro. However, the stock is down 24.1% year-to-date.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More: Tesla Investor Relations Head Thinks Baby Blue Wrap Is A 'Brave Choice' On Cybertruck
Photo by Mike Mareen on Shutterstock
Brokerage firm Stifel on Monday lowered the price target on EV maker Lucid Group Inc (NASDAQ:LCID) to $4 from $5 while maintaining its "hold" rating.
經紀公司Stifel週一將電動汽車製造商Lucid Group Inc（納斯達克股票代碼：LCID）的目標股價從5美元下調至4美元，同時維持其 “持有” 評級。
What Happened: The brokerage sees several positives for Lucid despite the downward outlook for EV sales in the near term. The positives include the availability of a lower-priced rear-wheel drive version of the company's flagship Lucid Air sedan starting at $69,900 and its focus on controlling costs.
發生了什麼：儘管短期內電動汽車銷售前景不佳，但該經紀公司認爲Lucid有幾個積極的方面。積極因素包括該公司旗艦Lucid Air轎車的低價後輪驅動版本的上市，起價爲69,900美元，以及其專注於控制成本。
The brokerage believes the company has the best-in-class technology which has the potential for additional licensing agreements. Further, the company is eyeing production of its Gravity SUV in the later part of this year, the brokerage noted.
該經紀公司認爲，該公司擁有一流的技術，有可能簽訂額外的許可協議。此外，該經紀公司指出，該公司計劃在今年下半年生產其Gravity SUV。
However, despite the positives, Stifel is holding back from changing its rating to a buy, partly due to the company's cash burn.
但是，儘管有積極的方面，但Stifel仍未將其評級改爲買入，部分原因是該公司的現金消耗。
How Is Lucid Doing: For the fourth quarter, Lucid reported revenue of $157.2 million, which missed the consensus estimate, and a better-than-feared loss of 29 cents per share. The company's total cost and expenses in the quarter amounted to $894 million.
Lucid表現如何：Lucid公佈的第四季度收入爲1.572億美元，未達到市場普遍預期，每股虧損29美分，好於擔憂。該公司本季度的總成本和支出爲8.94億美元。
The company is looking to produce 9,000 vehicles this year, higher than the 8,428 vehicles it made in 2023.
該公司計劃今年生產9,000輛汽車，高於2023年生產的8,428輛汽車。
Price Action: Lucid shares closed up 4.3% at $3.15 on Monday, and rose 1.59% in Tuesday's premarket, according to data from Benzinga Pro. However, the stock is down 24.1% year-to-date.
價格走勢：根據Benzinga Pro的數據，Lucid股價週一收盤上漲4.3％，至3.15美元，在週二的盤前交易中上漲1.59％。但是，該股今年迄今已下跌24.1％。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
通過以下方式查看更多本辛加的《出行未來》報道 點擊這個鏈接。
Read More: Tesla Investor Relations Head Thinks Baby Blue Wrap Is A 'Brave Choice' On Cybertruck
閱讀更多： 特斯拉投資者關係負責人認爲 Baby Blue Wrap 是 Cybertruck 上的 “勇敢選擇”
Photo by Mike Mareen on Shutterstock
照片由邁克·馬雷恩在 Shutterstock 上拍攝
譯文內容由第三人軟體翻譯。
風險及免責聲明
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能，分享給你的好友吧