Lucid (LCID) Gets Overweight Rating, Analyst Says Greater Efficiency Than Peers

Cantor Fitzgerald initiated an overweight rating with a $23 price target on Lucid (LCID). Alex Coffey and Jenny Horne discuss LCID and compare it to other names in the E.V. space such as Tesla (TSLA), Rivian (RIVN), and Nio Inc. (NIO). They talk about how the Cantor Fitzgerald analyst believes LCID vehicles provided greater efficiency, longer range, and faster charging to relative peers. Alex and Jenny also go over how LCID’s shares hit a 52-week low on May 12. Finally, Alex demonstrates an example trade using LCID. The trade type is a buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today.