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Morgan Stanley: First Underweight Rating on Lucid Group (LCID) $12 Price Target

凤凰网港股2021-09-14

Ifeng.com Hong Kong Stocks |Morgan StanleyAnalyst Adam Jonas issued a research report saying that he first gave Lucid Group (LCID) an underweight rating with a target price of $12.

Jonas notes in the report that Lucid is a highly vertically integrated BEV company that, through key innovations, addresses theTesla(TSLA) and above in the high-end market. At the company's $31 billion valuation, the market seems to think Lucid will achieve very high market share, profit margins, analysts said. Analysts believe that Lucid can maintain a sustainably favorable position in the highly competitive market, but at this stage, there are still many obstacles to face for Lucid to go hand in hand with more mature EV giants and achieve its valuation.

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  • 叶祚亨
    ·2021-09-14
    目標價12,好低哦,看空嗎
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  • 冯榕
    ·2021-09-14
    **
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