Hey guys, it’s your favorite financial YouTuber back with another exciting video, and today we’re talking all about Lucid Group Inc. (LCID) stock! There’s so much happening with this company right now, from their upcoming Q4 earnings report to the latest analyst predictions. Opinions on LCID are mixed, with some analysts rating it as a ”buy,” others as a ”hold,” and even one as a ”sell.” But don’t worry, we’ve got the inside scoop on what the experts are saying. Citigroup is predicting a price of $12 for LCID stock based on their research report from January 23rd, while BofA Securities is even more bullish with a price target of $21. That’s some serious potential for gains, folks! Speaking of earnings reports, Lucid is set to release their Q4 results on February 22nd, and we can’t wait to see what they have in store. Despite not being profitable yet, Lucid is focused on ramping up production and deliveries, and analysts are predicting sales of $274 million for the quarter, up 41% from Q3. If they’ve delivered all their vehicles, we could even see a 60% increase in deliveries! But it’s not just the analysts who are excited about LCID. BlackRock, the multinational investment firm, has just disclosed ownership of a whopping 31.45 million shares of LCID stock. And they’re not alone – other big names like Vanguard, Two Sigma, and Geode Capital Management are increasing their stakes too. Now, of course, we have to keep in mind that Lucid isn’t profitable yet, so there may be some dilution in the coming quarters and years. But with their planned next model, the Gravity SUV, set to open reservations in early 2023, the future is looking bright for this innovative company. And that’s not all – even famed investor George Soros is getting in on the action, selling all his put options against 400,000 shares of LCID. So, what do you think, guys? Are you as excited about Lucid Group Inc. as we are? Let us know in the comments below!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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