⚈ Kanur Fitzgerald maintains a neutral position despite the last share
⚈ The SUV Gravity sales sign can be weak columns in the foreground
Before next May 6 Profit reportAnd among the Nasdaq: LCID on May 5, 6.52 % in the early session to $ 2.38, Cantor Fitzgerald Andres Chipard chose to review his target price for the besieged electric vehicle maker (EV).
According to revised estimates, LCID shares are set at 26.05 % of the press time price and hit $ 3 in the next 12 months.
Interestingly, despite the weak performance, Cantor Fitzgerald has repeated its “neutral” rating of clear stocks, indicating confidence that the EV maker is appreciated fairly and can recover from the end of the recession.
Wall Street remains “neutral” on clear stocks
The latest goal of the price, as it appears on the stock analysis platform Tradingvief On May 5, 3.81 % is higher than consensus expectations of $ 2.89, but is in line with the total “neutral” classification.
At the time of the press, the Lucid Stock includes a relatively balanced spread between the “Buy” and “SELL” classifications, with 3 of the previous and 4 of the last. However, “neutral” analysts are in the majority, where there are 11 such.
Can gravity sales be aggravated in the powerful EPS lines for Lucid?
The latest review in the Cantor Fitzgerd is in line with the positive Lucid series in terms of quarterly results, as the latest deposit in profits per share (EPS) showed.
It can also be said that it reflects the recent production problems of the EV maker. Gravity Suv was an important driver for joy for several months, as many analyzes of 2024 of the great hopes of this model were indicated as support for its optimistic expectations.
April numbers show that climbing may be impossible. There was It is said Only 5 gravitational records in the United States in April – 83.33 % are less than in March.
Distinctive image via Shutterstock
