Lucid Group ($LCID) secured two significant endorsements this week — though Wall Street’s collective view remains measured.
Tudor Investment Corp accumulated 57.25 million shares of LCID during the third quarter, representing a position valued at roughly $1.36 billion. This acquisition grants the investment firm a 17.66% ownership position in Lucid, establishing Tudor as the electric vehicle maker’s top institutional shareholder. The LCID position now accounts for approximately 0.8% of Tudor’s entire portfolio and ranks as its 19th-largest holding.
Tudor’s move isn’t occurring in isolation. Rockefeller Capital Management expanded its position by 11.1% during Q2, while Highbridge Capital Management, HBK Investments, and Y Intercept Hong Kong each initiated fresh positions earlier this year. Institutional ownership has reached approximately 75.17% of outstanding shares.
Thursday morning brought additional positive news when Citi launched coverage on Lucid with a Buy recommendation and $17 price objective. Analyst Michael Ward highlighted Gravity model momentum, the forthcoming Cosmos introduction, and the Uber collaboration as critical catalysts. The firm projects these elements will guide Lucid toward profitability.
Ward outlined a compressed execution schedule: the Gravity rollout concluded in Q4 2025, Cosmos manufacturing begins in Q4 2026, and the Uber robotaxi partnership targets commercial launch by year-end. Lucid also intends to introduce monthly autonomous vehicle subscriptions in 2027 while intensifying its European market expansion in 2026.
Citi’s financial estimates are aggressive. Following Lucid’s $1.4 billion revenue achievement in 2025, the investment bank anticipates $2.4B in 2026, $5.9B in 2027, and $9.2B in 2028. This growth trajectory depends on successful manufacturing of the lower-cost midsize vehicle portfolio.
Citi also stated it believes Lucid maintains adequate liquidity through late 2027. Any future capital raising activity, the bank observed, could eliminate investor uncertainty and redirect attention toward products and innovation.
Notably: Citi’s Buy recommendation represents only the second optimistic assessment on LCID from Wall Street analysts. This represents limited bullish support for shares trading beneath most analyst projections.
The wider analyst community maintains greater skepticism. Morgan Stanley lowered LCID to “Underweight” in December and reduced its target from $30 to $10. Cantor Fitzgerald trimmed its objective from $21 to $14 with a “Neutral” stance in February. Royal Bank of Canada maintained its “Sector Perform” rating with a $10 target during the same period. Zacks elevated the stock from “Strong Sell” to “Hold” in early March.
The aggregate consensus remains at “Reduce” with a mean price target of $13.14 — marginally above current trading levels, though the directional outlook is bearish. Two analysts assign it Buy ratings, five recommend Hold, and three suggest Sell.
Regarding product development, Lucid has announced plans for three additional models: the Lucid Cosmos, Lucid Earth, and a Lunar robotaxi prototype, all constructed on a midsize platform targeting an entry price under $50,000.
LCID commenced Thursday trading at $9.95. The 50-day moving average stands at $10.38, while the 200-day sits at $14.54. The stock has established a 12-month floor of $9.12 and a 12-month ceiling of $33.70. The company maintains a debt-to-equity ratio of 3.00 and holds a market capitalization of $3.26 billion.
Shares advanced 1.4% during Thursday morning session following Citi’s coverage initiation.
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