⚈ Cantor Fitzgerald maintains a neutral position despite a recent drop in sharing
⚈ The low -gravity SUV sales signal
Before his next May 6 Gains reportAnd in the middle of Lucid (Nasdaq: LCID), on May 5 of 6.52%, an early session plunged $ 2.38, Andres Sheppard de Cantor Fitzgerald chose to revise their price goal for the manufacturer of electric vehicles (EV) besieged.
According to the revised estimates, LCID shares should reach 26.05% compared to their press time prices and reach $ 3 in the next 12 months.
Interestingly, despite the weak performance, Cantor Fitzgerald reiterated his “neutral” note for the lucid stock, signaling the confidence that the electric vehicle manufacturer is evaluated fairly and can recover from the last slowdown.
Wall Street remains “neutral” on lucid stock
The latest price objective, as represented on the actions analysis platform Tradingview On May 5, was 3.81% above the consensual forecast of $ 2.89, but complies with the overall “neutral” note.
At the time of the press, Lucid Stock has a relatively balanced spread between the notes “buy” and “sell”, with 3 of the first and 4 of the seconds. “Neutral” analysts are however in the majority, because there are 11 of these notes.
Could defective sales of gravity break the strong sequence of Lucid's EPS?
The latest revision of Cantor Fitzgerald is in accordance with the somewhat positive sequence of Lucid in terms of quarterly results, because the two most recent documents have shown a beat of profit per share (BPA).
It also undoubtedly reflects the recent production problems of the manufacturer of electric vehicles. The Gravity SUV has been an important increase in the increase for months, with many 2024 analyzes citing large hopes for the model as supporting their optimistic forecasts.
April figures show that the increase could have been moved. There was would have Only 5 registrations for gravity in the United States in April – 83.33% less than in March.
Star image via Shutterstock
