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Benchmark Expects Lucid's Stock to Triple, Says Q4 Was 'Clean-up Quarter'
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Benchmark Expects Lucid's Stock to Triple, Says Q4 was 'Clean-up Quarter'
Benchmark reiterated on Thursday its bullish outlook on Lucid Motors, ahead of the company’s fourth-quarter earnings report scheduled for February 24. Analyst Mickey Legg reiterated a Buy rating and $30 price target on the EV maker, which implies a 206.1% upside potential based on Wednesday’s closing price of $9.80. In late August, Lucid shareholders approved [...]
Benchmark Expects Lucid’s Stock to Triple, Says Q4 was ‘Clean-up Quarter’
Benchmark reiterated on Thursday its bullish outlook on Lucid Motors, ahead of the company’s fourth-quarter earnings report scheduled for February 24. Analyst Mickey Legg reiterated a Buy rating and $30 price target on the EV maker, which implies a 206.1% upside potential based on Wednesday’s closing price of $9.80. In late August, Lucid shareholders approved a reverse 1-for-10 stock split, with the interim CEO Marc Winterhoff naming the decreas…
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