Analysts Reevaluate Lucid Stock Targets as Earnings Approach
Lucid Stock Challenges and Expectations
Lucid (NASDAQ: LCID) stock has been under pressure due to production issues and sales performance. The company struggled to meet production targets amid supply chain challenges and market conditions. Despite these challenges, analysts anticipate a revenue increase in 2024.
Revenue Decline and Market Concerns
In 2023, revenue decreased despite an increase in deliveries, leading to widened operating losses. Concerns persist about the company's ability to improve amidst market uncertainties.
Analysts Predictions for Earnings
Analysts predict a loss of $0.25 per share for Lucid's Q1 report, with a gradual reduction in losses expected throughout the year. Citi and Morgan Stanley have provided ratings and price targets for LCID stock.
Stock Performance and Outlook
Lucid stock experienced fluctuations in the market, with premarket trading showing a slight dip. Despite recent challenges, there are signs of improvement and potential for recovery in the future.
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