Reported 4 days ago
Lucid Group's stock has faced a steep decline, but Benchmark analyst Mickey Legg believes it is undervalued and has set a $5 price target, suggesting a potential 80% upside. Lucid's luxury EV focus, bolstered by Saudi Arabian backing, may position it well for future growth, especially with its new Gravity SUV. However, investors might want to wait for the company's upcoming quarterly report before deciding whether to buy.
Source: YAHOO