Piper Sandler Raises PT to $22 for Lucid Group, Keeps Neutral Rating

Piper Sandler Raises PT to $22 for Lucid Group, Keeps Neutral Rating

Piper Sandler, a leading investment bank, has revised its price target for Lucid Group (NASDAQ: LCID) to $22, according to a recent research report. The firm maintains a neutral rating on the stock, reflecting its cautious stance on the company's future prospects.

The revision comes after Lucid Group reported weaker-than-expected earnings for the quarter ending March 31, 2025. The company's earnings per share (EPS) were reported at ($0.24), missing analysts' expectations of ($0.22) by ($0.06) [1]. Revenue for the quarter stood at $259.43 million, falling short of analysts' forecasts of $288.10 million [1].

Despite the disappointing earnings, Lucid Group has seen a significant increase in institutional ownership, with several hedge funds and investment firms increasing their stakes in the company. For instance, Public Investment Fund increased its position by 28.8% in the 4th quarter, owning 1,770,888,684 shares valued at $5,348,084,000 [1].

Lucid Group's stock has been volatile in recent months, with the company's shares down nearly 23% year-to-date. The stock's recent weakness may have attracted bargain hunters, leading to increased trading volumes on Wednesday, July 2, 2025 [2]. However, the company's outlook remains uncertain, with retail sentiment toward the stock remaining bearish on platforms like Stocktwits [2].

Piper Sandler's neutral rating and price target revision reflect the current market conditions and the company's recent performance. As Lucid Group continues to navigate the challenges in the electric vehicle (EV) market, investors should closely monitor the company's future earnings and strategic developments.

References:
[1] https://www.marketbeat.com/instant-alerts/lucid-group-nasdaqlcid-shares-down-85-following-weak-earnings-2025-08-06/
[2] https://stocktwits.com/news-articles/markets/equity/lucid-cisco-nvidia-bank-of-america-amd-what-sparked-heavy-after-hours-trading/chsRdfWRdad