/A%20Lucid%20Motors%20vehicle%20parked%20in%20front%20of%20a%20showroom_%20Image%20by%20Michael%20Berlfein%20via%20Shutterstock_.jpg)
Lucid Group's (LCID) biggest headline this year is its blockbuster robotaxi deal with Uber Technologies (UBER) and Nuro. The announcement sent shares soaring on July 17, and brought renewed attention to Lucid’s positioning in the autonomous ride-hailing space.
Benchmark analyst Mickey Legg described the move as a “clear strategic win." The analyst also raised his price target to an ambitious $7.