Lucid Group Shares Rise Over 5% After Analyst Report Highlights Partnership Deal
On September 21, 2026, Lucid Group (NASDAQ: LCID) shares rose more than 5%, driven by an analyst report from Cantor Fitzgerald's Andres Sheppard. Although the analyst maintained a neutral rating and $8 price target for Lucid stock, he highlighted a recent partnership with Bolt to deploy autonomous vehicles in Europe and the Middle East. The deal involves manufacturing up to 25,000 self-driving cars initially, aiming eventually at deploying 100,000 units by 2035. This large-scale agreement reminded investors of Lucid's long-term potential for revenue growth through autonomous vehicle technology and strategic partnerships. Despite the positive market reaction, Sheppard noted that widespread adoption of fully autonomous vehicles remains a challenge. The stock had previously dipped due to profit-taking after news of the deal was announced.
Topics: analyst report EV industry Lucid Group stock price movement