What are the current analyst ratings and recent research reports saying about LCID?

The current analyst ratings for Lucid Group (LCID) are as follows:

1. **Consensus Rating**: LCID has a consensus rating of "Hold" from 12 analysts, with two rating sell recommendations, eight holding recommendations, and two buy recommendations.
2. **Average Price Target**: The average price target among brokerages that have covered the stock is $2.68.
3. **Recent Research Reports**:
- **Stifel Nicolaus**: Cut LCID's price objective from $3.50 to $3.00 and set a "hold" rating.
- **Needham & Company LLC**: Reissued a "hold" rating on LCID.
- **Morgan Stanley**: Upgraded LCID from an "underweight" rating to an "equal weight" rating and set a $3.00 price objective.
- **Cowan**: Started coverage on LCID with a "hold" rating.
- **Bank of America**: Downgraded LCID from a "neutral" rating to an "underperform" rating and cut the target price from $3.00 to $1.00.

Recent research reports indicate that while there is potential for growth due to the company's focus on electric vehicles and new product launches, there are also concerns about financial performance, cash flow, and reliance on outside funding. Analysts have mixed views, with some maintaining a positive outlook and others expressing caution due to the company's financials and market risks.