LCID
Another little haircut
Baird just took another pair of scissors to Lucid Group, trimming its price target from $14 to $12 while leaving the rating at Neutral. In other words: same shrug, slightly lower math.
Why this matters
For Lucid investors, analyst notes like this are less about the exact dollar amount and more about the vibe check. When targets keep drifting down, it usually signals Wall Street still sees a lot of execution risk hanging over the company — think production, demand, cash burn, and the ever-fun topic of dilution.
Not exactly a standing ovation
Lucid has been getting a lot of attention lately, but not all of it has been the champagne-and-confetti kind. A Neutral rating says Baird isn’t calling disaster, just not a clean breakout either. If you’re holding LCID, you probably want more than “meh” from the people with the spreadsheets.
Big picture
The EV space is still one giant stress test, and Lucid remains in the part where investors are asking, “Okay, but when does the story get easier?” Until then, every target cut is another reminder that Wall Street wants proof, not promises.