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@BarnaclesActiv 2 weeks ago

Lucid up 5% after analyst note highlights Bolt partnership

Lucid up 5% after analyst note highlights Bolt partnership

Lucid (LCID) shares went up over 5% on Monday. A Cantor Fitzgerald analyst put out a note maintaining his neutral rating and $8 price target, but he highlighted their new deal with European rideshare company Bolt. The partnership involves deploying 25k autonomous vehicles in Europe and the Middle East, with a goal of hitting 100k by 2035. The stock originally dropped late last week when the news first came out due to profit-taking, but the note seemed to remind the market about the long-term revenue potential.
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@TallDrive706 2 weeks ago

The Bolt partnership gives Lucid a meaningful long-term autonomy opportunity. The key will be turning those ambitious deployment targets into real revenue and margins.