The Analysts Disagree: What's Going On With Lucid Thursday?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares opened higher but pulled back later. Analysts from Cantor Fitzgerald and Morgan Stanley maintained conflicting ratings on the stock with one Overweight and one Underweight. Cantor Fitzgerald maintained a $10 price target while Morgan Stanley maintained a $5 price target. LCID stock is trading above its 50-day moving average of $6.97 and has gained nearly 16% over the past month.
July 13, 2023 | 3:59 pm
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Lucid Group's stock opened higher but later pulled back. Analysts from Cantor Fitzgerald and Morgan Stanley have conflicting ratings and price targets for the stock. The stock is trading above its 50-day moving average and has gained nearly 16% over the past month.
The conflicting ratings and price targets from Cantor Fitzgerald and Morgan Stanley may create uncertainty among investors, potentially leading to volatility in the stock's price. However, the stock is trading above its 50-day moving average and has seen a significant gain over the past month, indicating a positive trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100