Lucid Group's Q2 Deliveries 'Disappointing,' Yet Saudi Arabia Shipments Seen As Positive: Analyst Insights On Earnings
Portfolio Pulse from Priya Nigam
Lucid Group's Q2 vehicle deliveries were disappointing, according to analysts. However, the company's shipments to Saudi Arabia, its biggest client, were seen as a positive development. Analyst Chris Pierce from Needham maintained a Buy rating but reduced the price target from $10 to $9. Analyst Andres Sheppard from Cantor Fitzgerald reaffirmed an Overweight rating and a price target of $10.
August 08, 2023 | 3:08 pm
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NEUTRAL IMPACT
Lucid Group's Q2 results were mixed, with disappointing vehicle deliveries but positive developments in Saudi Arabia. Analysts have adjusted their price targets.
The news directly pertains to Lucid Group and its Q2 results. The disappointing vehicle deliveries could negatively impact the stock, but the positive developments in Saudi Arabia could offset this. Analysts' adjustments of their price targets also directly impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100