RBC Capital Maintains a Hold on Lucid Group (LCID)

Lucid Group, Inc. (NASDAQ:LCID) is one of the best long-term penny stocks to buy right now. In a report released on August 21, Tom Narayan from RBC Capital maintained a Hold rating on Lucid Group, Inc. (NASDAQ:LCID), setting a price target of $2.00.

Lucid Group, Inc. (NASDAQ:LCID) reported its fiscal Q2 2025 results on August 5, announcing that it produced 3,863 vehicles in the quarter and delivered 3,309 vehicles, up 38.2% compared to fiscal Q2 2024.

Revenue for the quarter reached $259.4 million, with a GAAP diluted net loss per share of $0.28.

Lucid Group, Inc. (NASDAQ:LCID) ended fiscal Q2 2025 with around $4.86 billion in total liquidity and revised its production outlook for 2025 to 18,000 – 20,000 vehicles from prior guidance of 20,000 vehicles.

Lucid Group, Inc. (NASDAQ:LCID) is a manufacturer of electric vehicles. The company develops, designs, and builds energy storage systems for EVs and provides automakers with the battery pack system necessary to power plug-in, hybrid, and electric vehicles.

While we acknowledge the potential of LCID as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.