LCID, US5494982029

Morgan Stanley cuts target to USD 3.00 for Lucid Group stock

Published on 10/20/2026 at 20:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lucid posted USD 405.35 million in second-quarter revenue, up 56.20 percent year over year. Lucid Group stock costs EUR 2.78 on October 20, 2026.

Analyst target and reporting date

Morgan Stanley cut its Lucid target from USD 5.00 to USD 3.00 on October 15, 2026.
Second-quarter revenue reached USD 405.35 million, up 56.20 percent year over year.
Lucid Group stock costs EUR 2.78 at Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST.
Lucid will discuss third-quarter results on November 9, 2026.

LCID, US5494982029, Illustration mit AI erstellt.

Lucid Group (ISIN US5494982029) faces a USD 3.00 Morgan Stanley price target after the firm cut its previous USD 5.00 target on October 15, 2026, according to MarketBeat. The target carries an underweight rating. Lucid Group stock was trading at EUR 2.78 at Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST.

Revenue grew, losses stayed severe

Lucid generated USD 405.35 million in second-quarter 2026 revenue, up 56.20 percent from the same quarter a year earlier. The company also reported a USD 1.26 billion net loss for the period. Those figures leave growth and cash consumption in direct tension.

Yahoo Finance reported on October 20, 2026 that Lucid delivered 3,806 vehicles in the third quarter while producing 2,954. The gap was part of an inventory reduction plan, but it also keeps operating execution central to the next results update.

What does the USD 3.00 target mean?

Lucid was last at USD 3.13 on Nasdaq on October 20, 2026 at 2:38 p.m. ET. Morgan Stanley's USD 3.00 target lies 4.15 percent below that price. The same quote put Lucid's market capitalization at USD 996.5 million, while its 52-week range ran from USD 2.37 to USD 20.31.

Valuation and the next date

Lucid's price-to-earnings ratio was negative 0.23 on October 20, 2026, reflecting its loss-making position. The company will discuss third-quarter 2026 results on November 9, 2026, at 5:30 p.m. ET, as stated in its October 5, 2026 investor release.

Comparison with peers

Lucid Group: price-to-earnings ratio negative 0.23, market capitalization USD 996.5 million, October 20, 2026.
Rivian Automotive (NASDAQ, USD): up 1.04 percent, price-to-earnings ratio negative 4.83, market capitalization USD 18.0 billion, October 20, 2026.
Tesla (NASDAQ, USD): up 1.94 percent, price-to-earnings ratio 347.29, market capitalization USD 1.5 trillion, October 20, 2026.

Lucid stock enters the results countdown

For investors, the November reporting date is the next concrete test of whether higher revenue can narrow the company's losses. The target cut and the negative earnings multiple keep profitability at the center of the valuation debate. At Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST, Lucid Group stock was trading at EUR 2.78.

The further course of trading is shown by the continuously updated real-time quote of Lucid Group stock.