Lucid Group price target lowered to $14 from $21 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard lowered the firm’s price target on Lucid Group (LCID) to $14 from $21 and keeps a Neutral rating on the shares. The firm cites lower production, guidance, persistent high negative gross margin, additional capital needs, a worsening macro environment, and tariff uncertainty, the analyst tells investors in a research note. Cantor expects Gravity to lead sales in its FY26 delivery estimate of 23,185 vehicles delivered, with Airs to remain relatively flat year over year.