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Investing.com - Cantor Fitzgerald has reiterated its Neutral rating and $3.00 price target on Lucid Group Inc . (NASDAQ:LCID) following the company’s preliminary delivery report. The electric vehicle maker, currently trading near $2.16, has seen its stock decline by 32% over the past six months, according to InvestingPro data.
Lucid announced on July 2 that it delivered 3,309 vehicles in the second quarter of 2025, falling short of Cantor Fitzgerald’s estimate of 3,791 vehicles and the Visible Alpha consensus of 3,611 vehicles. While the company maintains a strong balance sheet with more cash than debt, InvestingPro analysis indicates rapid cash burn and weak gross profit margins.
Despite missing expectations, Lucid’s second-quarter 2025 deliveries represented an increase from the 2,394 vehicles delivered in the same period last year.
On the production side, Lucid reported manufacturing 3,863 vehicles during the second quarter of 2025, which was below Cantor Fitzgerald’s estimate of 4,000 vehicles and the Visible Alpha consensus of 4,305 vehicles.
Lucid’s second-quarter 2025 production figures still showed improvement compared to the 2,110 vehicles produced in the second quarter of 2024, despite falling short of analyst expectations.
In other recent news, Lucid Group reported its second-quarter 2025 results, with the company delivering 3,309 vehicles, which fell short of expectations from analysts at Stifel and the consensus estimate. The company produced 3,863 vehicles in the same period, also missing Stifel’s projections. Despite these shortfalls, Lucid’s production and deliveries showed significant year-over-year growth. Stifel maintained its Hold rating on Lucid with a $3.00 price target, noting the company’s strong demand for the Gravity SUV. Cantor Fitzgerald also reiterated a Neutral rating with a $3.00 price target, highlighting concerns about Lucid’s high negative gross margins and production scaling challenges. In a strategic move, Lucid secured a multi-year agreement with Graphite One for U.S.-sourced natural graphite, aiming to strengthen its supply chain for future vehicles. Additionally, Lucid announced the appointment of Douglas Grimm to its board of directors, bringing extensive experience in the automotive sector. These developments reflect Lucid’s ongoing efforts to navigate the competitive electric vehicle market.
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