Lucid Group (LCID) Maintains Hold Rating with $2.30 Target: TD Cowen

TD Cowen analyst Itay Michaeli maintains a Hold rating on Lucid Group with a price target of $2.30, citing the company's recent earnings release showing a quarterly revenue of $235.05 million and a GAAP net loss of $366.17 million. Michaeli has a 40% success rate on recommended stocks, according to TipRanks.

In a recent report, TD Cowen analyst Itay Michaeli has maintained a Hold rating on Lucid Group (NASDAQ: LCID), with a price target of $2.30. This decision comes after the company reported its latest earnings for the quarter ending March 31, 2025. The earnings showed a quarterly revenue of $235.05 million and a GAAP net loss of $366.17 million [1].

Michaeli, who covers the Consumer Cyclical sector and focuses on stocks such as Tesla, General Motors, and Visteon, has an average return of -22.0% and a 40.00% success rate on recommended stocks, according to TipRanks. His Hold rating on Lucid Group reflects his assessment of the company's current valuation and potential future performance.

The analyst's decision to maintain a Hold rating is supported by the company's recent financial performance. Lucid Group's quarterly revenue increased by 36% year-over-year, while its GAAP net loss decreased by 46% compared to the same period last year. However, the company continues to face challenges, including temporary systems issues in Saudi Arabia and potential gross margin headwinds due to tariff impacts [2].

Additionally, Lucid Group's shares have been performing well recently. On Thursday, July 2, 2025, the company's stock price rose by 30.5% to $2.9897 after announcing a global robotaxi program with Nuro and Uber [3]. This positive market reaction highlights the investor sentiment towards the company's strategic initiatives and partnerships.

Despite the positive market performance, Michaeli's Hold rating suggests that he believes the current valuation of Lucid Group is appropriate given the company's recent earnings and market conditions. Investors should continue to monitor the company's financial performance and strategic developments to make informed decisions about their investments.

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/LCID/pressreleases/33512375/td-cowen-sticks-to-their-hold-rating-for-lucid-group-lcid/
[2] https://www.ainvest.com/news/stocks-rise-q4-earnings-beats-lucid-group-aar-corp-lead-gainers-2507/
[3] https://www.nasdaq.com/articles/lucid-group-reaches-analyst-target-price-0