Intel stock extends gains after report of possible U.S. government stake
Investing.com - BofA Securities maintained its Underperform rating and $1.00 price target on Lucid Group Inc . (NASDAQ:LCID) on Thursday. The announcement comes as Lucid’s potential partner Uber (NYSE: UBER), currently valued at $189.42 billion, maintains a GREAT financial health score according to InvestingPro data.
The investment firm cited ongoing concerns about product development stalling following the departure of CEO Peter Rawlinson earlier in 2025.
BofA identified additional challenges facing Lucid, including risks associated with tariff costs and declining consumer demand for electric vehicles.
While acknowledging a recent positive announcement regarding the sale of over 20,000 vehicles and an Uber investment, BofA noted that the financial implications of these developments remain unclear.
The firm specifically questioned whether there are revenue sharing opportunities for Lucid from these arrangements and what their potential magnitude might be.
In other recent news, Uber Technologies, Inc. (NYSE:UBER) announced a strategic partnership with Baidu (NASDAQ:BIDU), Inc. to deploy autonomous vehicles on Uber’s platform in international markets. This collaboration will integrate Baidu’s Apollo Go self-driving vehicles into Uber’s network, initially targeting markets in Asia and the Middle East. The partnership aims to enhance the availability of affordable ridesharing options using Baidu’s technology. Meanwhile, TD Cowen has maintained its Buy rating on Uber, with a price target of $104, citing expectations for growth in Uber’s Mobility and Delivery segments. The firm anticipates Uber’s second-quarter gross bookings to hit $46 billion, marking a 15% year-over-year increase. Additionally, Uber Eats has expanded its SNAP EBT payment program to include Wegmans, Gopuff, and Family Dollar, allowing eligible customers to purchase groceries using SNAP benefits. Citizens JMP reiterated its Market Perform rating on Uber, highlighting the company’s effective execution of its autonomous vehicle partnership strategy. These developments reflect Uber’s ongoing efforts to expand its services and partnerships in various markets.
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