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Lucid Group Reports Monday: Here’s My Recommendation

Then Lucid moved aside as industry leader Tesla and recent IPO Rivian Automotive , which is backed by both Amazon and competitor Ford Motor , took the focus for a week or so. Tonight, Lucid reports the firm’s quarterly earnings since the firm started making deliveries to customers in October, which is what got the public so excited in the first place. Five star rated (At TipRanks) John Murphy of Bank of America, who rates the name as a “Buy”, and increased his target price from $30 to $60 last Wednesday, and Adam Jonas (also five stars) of Morgan Stanley who has been notoriously correct on Tesla and notoriously incorrect on Ford.

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