Forecasting The Future: 12 Analyst Projections For Lucid Gr
Portfolio Pulse from Benzinga Insights
Lucid Group Inc (NASDAQ:LCID) has been evaluated by 12 analysts over the past three months, with a mix of neutral and somewhat bearish ratings. The average 12-month price target is $3.75, slightly up from the previous $3.73. Despite impressive revenue growth, Lucid faces challenges with profitability and returns on equity and assets.
September 23, 2024 | 4:01 pm
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NEUTRAL IMPACT
Lucid Group Inc has received mixed analyst ratings, with a majority being neutral and somewhat bearish. The average price target has slightly increased to $3.75. Despite strong revenue growth, the company faces challenges in profitability and returns.
The article provides a detailed analysis of Lucid's current analyst ratings, which are predominantly neutral and somewhat bearish. The slight increase in the average price target suggests a modest positive outlook. However, the company's financial challenges, such as low profitability and returns, balance the positive revenue growth, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100