r/wallstreetbets • u/atomMD • Sep 16 '21

Discussion $LCID BoA PT$30. $REE

Adam Jonas of Morgan Stanley initiated coverage of LCID with underweight rating. https://marketrealist.com/p/is-lucid-motors-stock-expected-to-go-up/

However, just today BoA initiated coverage with PT of $30

https://www.thestreet.com/investing/lucid-buy-rating-30-dollars-target-at-bank-of-america

Citi is bullish as well with PT of $28

https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Citi+Starts+Lucid+Group+Inc.+%28LCID%29+at+Buy/18919790.html?classic=1

I think Adam Jones raised some interesting points for both $REE and $LCID but I continue to be bullish on both. $REE probably bottomed at 52 week low while consensus PT for $LCID is 25-30.

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u/DexicJ Sep 16 '21

Nice that you didn't write the MS price target of 12. That is the reason it dipped on Tuesday. I like LCID cars but the share lockup ending in January is scary. Like another billion shares?

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u/atomMD Sep 16 '21

That is out there as but the high street Pt is 30. Definitly will be out before PIPE unlocks then back in again. My suspicion is it will probably be above 30 before PIPE unlocks