Why Is LCID Stock Down Today?
as of 12:35 PM ET
The reason we found
Lucid Slides as Target Cut Counters Funding Optimism
Citigroup lowered its price target from $11 to $9 despite retaining a Buy rating, while separate coverage questioned Lucid’s valuation relative to its sales. Those concerns may have outweighed optimism about the expanded Saudi-backed credit line, especially after the stock’s recent sharp advance.
analyst target cut and valuation concernsmedium confidence
Sources 7
- Lucid Group (LCID) Secures $1.75 Billion Credit Line Expansionfinnhub.io
- Lucid Group (LCID) Stock Climbed, So What Is Behind The Move?finnhub.io
- Top Electric & Autonomous Vehicle Stocks to Charge Up Your Portfoliofinnhub.io
- Citigroup Maintains Buy on Lucid Group, Lowers Price Target to $9finnhub.io
- Lucid (LCID) Stock Looks Overvalued Even With More Funding Runwayfinnhub.io
- Lucid shares rise 10% as Saudi funding boost eases cash concernsfinnhub.io
- Lucid's Operational Reset Shows Early Progress While Execution Stays Key Risk, RBC Saysfinnhub.io
Our call
Buy moredated Nov 9, 2026
Lucid's sales grew 46% over the past year, and the stock rose 8.5% over the past four trading days after its Nov 9 report beat profit forecasts by 1.4%. We'd stop buying if Lucid's next report shows sales growth below 23% or misses profit forecasts.
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