Morgan Stanley Analyst Reiterates Sell Rating on Lucid Group, LCID
Adam Jonas analyst at Morgan Stanley reiterates coverage on Lucid Group (LCID) in the Consumer Goods sector with a Sell rating. TipRanks.com has Jonas rated as a 4.5 star analyst with a 51% return on investment and a 8.6% success rate. Jonas has set a price target of $ 12.
TipRanks.com reports that Lucid Group currently has 4 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $40.50. The target pricing ranges from a high forecast of $60.00 down to a low forecast of $12.00. Lucid Group (LCID)’s last closing price was $$17.97 which would put the average price target at 125.38% upside.
In addition, TradingView issued a Sell rating for LCID over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on LCID.
Other analysts covering LCID include:
- James Picariello of BNP Paribas issued a Buy rating with the price target of $ 45 on 3 weeks ago
- John Murphy of Bank of America Securities issued a Buy rating with the price target of $ 60 on 2 months ago
- Itay Michaeli of Citigroup issued a Buy rating with the price target of $ 45 on 2 months ago
- Charles Coldicott of Redburn Partners issued a Hold rating with the price target of n/a on 3 months ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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