Analyst Opinion Unchanged for Lucid Group (LCID) After 12% Workforce Layoff [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
maintained his Hold rating on the Lucid Group, Inc. (NASDAQ:LCID) stock, assigning a price target of $10. This comes after the company announced on February 20 that it was planning to cut around 12% of its workforce. This move is part of the company's broader efforts to improve profitability. LCID is ramping up production of its Gravity SUV and is also preparing to launch a $50,000 mid-sized EV before the end of the year. The California-based automaker said that the job cuts are intended to optimize resources and improve operational effectiveness. According to a memo seen by Reuters, CEO Marc Winterhoff said: We are streamlining our organization so we can operate with greater efficiency and deliver on our commitments to gross margin improvement and long-term growth. The layoff could affect more than 800 employees, although those in logistics, manufacturing, and quality are reportedly not affected. The company also confirmed that it will support affected employees by providing
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LCID
News
- Forget Lucid and Rivian: This 1 EV Leader Is Still the Monster Long-Term Winner [Yahoo! Finance]Yahoo! Finance
- Lucid Group (LCID) Is Down 7.1% After Deep Job Cuts And New EV Plans - Has The Bull Case Changed? [Yahoo! Finance]Yahoo! Finance
- 1 Small-Cap Stock on Our Watchlist and 2 We Question [Yahoo! Finance]Yahoo! Finance
- Lucid Group (LCID) is now covered by Bank of America Corporation. They set an "underperform" rating and a $10.00 price target on the stock.MarketBeat
- Cantor Fitzgerald Cites Lower Production and Forecasts for Lucid Group, Inc. (LCID) Target Cut [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/24/26 - Miss
LCID
Sec Filings
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- LCID's page on the SEC website