Why Lucid Group Stock Is Absolutely Crushing It Today

Lucid shares surge as investors pile into the electric vehicle maker's latest breakthrough.

Market Momentum Ignites

Traders stampede into Lucid positions after the company unveils game-changing battery technology that promises longer range and faster charging. The stock rockets past resistance levels as short sellers scramble to cover positions.

Institutional Fuel Injection

Major funds pour capital into Lucid following bullish analyst upgrades. Three Wall Street firms simultaneously boost price targets, citing the company's superior technology stack and expanding production capacity.

The EV Race Heats Up

Lucid's surge comes as traditional automakers struggle with their own electric transitions. While legacy manufacturers wrestle with supply chain issues, Lucid's vertical integration strategy delivers tangible advantages.

Remember when analysts said EVs were just a passing trend? Neither do we.

Hitting the gas on a price target increase

The person behind that MOVE was Cantor Fitzgerald's Andres Sheppard. Before market open, the pundit changed his fair-value assessment for Lucid to $26 per share from the previous $20. Despite the double-digit increase, he left his neutral recommendation on the stock unchanged.

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Sheppard's new take on the high-end electric vehicle (EV) Maker is based on investor meetings his company hosted with interim CEO Marc Winterhoff and CFO Taoufiq Boussaid, according to reports.

In what seems to have been fairly wide-ranging discussions about Lucid's finances and operations, Sheppard had several takeaways. Among these were the executives' affirmation of production guidance -- the company aims to produce 18,000 to 20,000 this year. If that goal is met at even the lower end of the range, it WOULD at minimum double the 9,029 the company produced in 2024. At 18,500, Cantor Fitzgerald's production forecast for this year falls within Lucid's guidance range.

Five-digit estimates

As for deliveries, Sheppard anticipated that the automaker will be able to hit a figure of 16,650. Zooming out some, according to the prognosticator the consensus analyst estimate for full-year 2025 production is 17,800 units, and that for deliveries is 15,669.