Cantor Holds Neutral Rating on Lucid (LCID) with Q2 Report on the Horizon

Lucid Group, Inc. (NASDAQ:LCID) is one of the best meme stocks. On August 4, Cantor Fitzgerald assigned a Neutral rating on LCID with a $3 price target.

Lucid delivered 3,309 vehicles in the second quarter of 2025, which was less than analysts expected (3,791 units) and the consensus estimate of 3,611 units, but higher than the 2,394 vehicles delivered in the same quarter last year.

The electric vehicle company reported that it produced 3,863 vehicles in Q2 2025, which was less than the analyst estimate of 4,000 and the consensus of 4,305, but more than the 2,110 vehicles made in the second quarter of 2024.

Investors are closely watching gross margins, with analysts expecting Lucid to have about a 95% negative gross margin in the second quarter while the company works on improving its finances.

Lucid Group, Inc. (NASDAQ:LCID) manufactures and sells electric vehicles, batteries, and powertrains, and develops its own software for the cars.

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