Aston Martin Lagonda Glb Bolsa (OTC: ARGGY)

Últimas noticias sobre Aston Martin Lagonda Glb (OTC:ARGGY) Bolsa

Aston Martin Lagonda Global Holdings PLC is a luxury automotive manufacturer. It designs, engineers, and produces sports cars in Warwickshire, United Kingdom, and sells those models through a network of dealers. It is also involved in the servicing of sports cars, all the activities are carried out under the brand name of Aston Martin. The Group has only one operating segment, the automotive segment. The automotive segment includes all activities relating to design, development, manufacture and marketing of vehicles including consulting services; as well as the sale of parts, servicing, and automotive brand activities. Geographically, it has a presence in the United Kingdom, The Americas, the Rest of Europe, the Middle East and Africa, and the Asia Pacific region.

ASTON MT LGND UNS/ADR by Aston Martin Lagonda Global Holdings plc.

Aston Martin Lagonda Global Holdings PLC

Canaccord Genuity analyst Susan Anderson maintains Perrigo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRGO#NYSE">PRGO</a>) with a Buy and maintains $42 price target.

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PRGO

Canaccord Genuity Maintains Buy on Perrigo, Maintains $42 Price Target

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Israeli Defense Minister Gallant Says Next Phase Of The War Will Begin Soon

Cryptocurrency analyst Murad Mahmudov predicted a "<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37445799/welcome-to-the-memecoin-supercycle-mad-crypto-money-with-ivan">meme coin super cycle</a>" in a speech at the Token 2049 conference in Singapore, arguing that these tokens are outperforming traditional cryptocurrencies and are poised for significant growth.
What Happened: Mahmudov pointed out that meme coins are already dominating the market, with 13 out of the top 20 outperforming tokens being meme coins. He attributes this trend to both internal and external factors within the crypto space.
He <a href="https://www.youtube.com/watch?v=6nqzwdGxTGc&amp;t=87s">emphasized</a> that meme coins enable "poor holders to get rich who subsequently become unpaid full-time evangelists for the project," creating a more organic and passionate user base compared to traditional altcoins.
He challenged the notion that meme coins lack utility, stating, "Meme coins are not a vampire attack against crypto tech, meme coins are vampire attack against crypto tech tokens." He suggested that meme coins offer various forms of utility, including entertainment, community building and a sense of belonging.
The analyst urged investors to focus on meme coins that have the potential to become "cults, brands or movements," rather than purely speculative assets. He sees meme coins as "financialized vessels of faith" that reflect broader societal trends and dissatisfaction.
"Stop trading and believe in something," Mahmudov advises, suggesting that the emotional and community aspects of meme coins may be key drivers of their future success.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41092021/dogecoin-up-19-shiba-inu-surges-32-in-september-whats-next-for-the-meme-coin-leaders">Dogecoin Up 19%, Shiba Inu Surges 32% In September: What&#8217;s Next For The Meme Coin Leaders?</a>
Why It Matters: Popcat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>), Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>), Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are some of the best performing meme coins over the past 30 days.
One key factor cited by the analyst is the overproduction of tokens, with "600,000 new tokens being launched in 2024" and "over 5,000 tokens being launched per day." Mahmudov argued that this has led to inflated valuations and a system where retail investors often become exit liquidity for insiders.
Looking ahead, Mahmudov predicted a trillion-dollar market cap for meme coins, with two meme coins potentially reaching $100 billion valuations and ten surpassing $10 billion. He anticipates that &#8220;10% meme coin dominance&#8221; will be achieved in the overall crypto market.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41006355/these-2-meme-coins-will-show-us-if-the-mania-continues-says-trader-but-its-neither-doge-no">These 2 Meme Coins Will Show Us If The &#8216;Mania&#8217; Continues, Says Trader: But It&#8217;s Neither DOGE Nor SHIB</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BONK

$PEPE

$POPCAT

$SHIB

$WIF

'Meme Coin Supercycle' Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?

Canaccord Genuity analyst Joseph Vafi maintains Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) with a Buy and lowers the price target from $42 to $32.

Canaccord Genuity Maintains Buy on Pagaya Techs, Lowers Price Target to $32

Biden Says We Should Have A Ceasefire Now

BMO Capital analyst James Thalacker maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Market Perform and raises the price target from $88 to $90.

BMO Capital Maintains Market Perform on NRG Energy, Raises Price Target to $90

FBN Securities analyst Shebly Seyrafi initiates coverage on Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Outperform rating and announces Price Target of $40.

Initiation

RBRK

FBN Securities Initiates Coverage On Rubrik with Outperform Rating, Announces Price Target of $40

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

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CHRW

Here's Why Investors Should Retain United Airlines Stock Now

Truist Securities analyst Neal Dingmann maintains Vital Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) with a Buy and lowers the price target from $66 to $48.

VTLE

Truist Securities Maintains Buy on Vital Energy, Lowers Price Target to $48

Biden Says He Spoke Sunday With Governors Whose States Affected By Hurricane Helene; We're Not Leaving Until The Job Is Done; Will Travel To Areas Affected By Helene But Not Immediately; Will Visit Affected Areas Later This Week; Reports Of 100 Dead, 600 People Unaccounted For After Helene

TD Cowen analyst Helane Becker maintains Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold and raises the price target from $19 to $25.

TD Cowen Maintains Hold on Southwest Airlines, Raises Price Target to $25

Canaccord Genuity analyst Jason Tilchen maintains Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) with a Buy and maintains $18 price target.

BOWL

Canaccord Genuity Maintains Buy on Bowlero, Maintains $18 Price Target

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CRON

GRWG

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TLRY

Shares of cannabis stocks are trading higher following a report suggesting that Vice President Harris wants to legalize marijuana.

SOBR

SOBRsafe shares are trading lower after the company announced it will proceed with a 1-for-110 reverse stock split.

Bill Gates, the Microsoft co-founder and one of the world&#8217;s wealthiest individuals, has spent more than $150 million on real estate over the past 30 years. Despite his goal of giving away his fortune, the former tech executive has invested in properties across the U.S., ranging from mansions to vast tracts of farmland.
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<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
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Gates&#8217; land holdings make him the 42nd largest landowner in the U.S., <a href="https://www.benzinga.com/real-estate/24/07/39797332/bill-gates-owns-275-000-acres-of-u-s-farmland-his-answer-to-why-hes-buying-so-much-of-it-might-surpr">with 275,000 acres spread across several states</a>, according to Business Insider, which cited information from the Land Report. Most of the land – roughly 242,000 acres – is farmland, with holdings in Louisiana, Arkansas and Arizona. Gates has said that agricultural investments <a href="https://www.benzinga.com/real-estate/24/07/39797332/bill-gates-owns-275-000-acres-of-u-s-farmland-his-answer-to-why-hes-buying-so-much-of-it-might-surpr#:~:text=During%20an%20%22Ask%20Me%20Anything,productive%20and%20create%20more%20jobs.">aim to boost productivity and create jobs</a> rather than be part of a larger scheme.
However, it&#8217;s Gates&#8217; residences that show his wealth. His primary home, Xanadu 2.0, is in Medina, Washington, roughly 10 miles from Microsoft's headquarters in Redmond. The estate, assessed at $183.5 million, spans nearly 11 acres and features a 66,000-square-foot main house. The luxury property includes a heating system that adapts to individual guests&#8217; preferences and lights that automatically adjust as people move through rooms.
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Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
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He owns a $15 million home in California at the Vintage Club in Indian Wells. San Diego County is home to several Gates properties, including a Del Mar Country Club home and the 228-acre Rancho Paseana, purchased for $18 million in 2014.
The billionaire&#8217;s real estate holdings include a beach house in Del Mar, California, bought for $43 million in 2020 and a lodge at the Yellowstone Club in Montana, valued at $29.4 million. In Florida, Gates has invested about $35 million in an equestrian compound in Wellington which, according to the report, serves as a training facility for his daughter, Jennifer Gates Nassar.
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
According to the report, following his divorce from Melinda French Gates in 2021, many properties were transferred between trusts, making it difficult to determine the current ownership of some of the residences. Gates&#8217; property investments contrast his public statements about wealth redistribution. In a 2013 interview, he said the money had &#8220;no utility&#8221; for him beyond a certain point. Yet, the continued expansion of his real estate holdings suggests that real estate is a utility.
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Trending: This investment company boasts a 35.14% internal rate of return (IRR) for its realized projects, allowing accredited investors to<a href="https://www.benzinga.com/money/bam-capital"> earn passive returns and avoid the headaches of being a landlord.</a>
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Here is the full list of Gates' properties, according to the Business Insider report:
– Xanadu 2.0, Medina, Washington Purchased for: $34 million (1988-2009)
– Vintage Club Home, Indian Wells, California Purchased for: $12.5 million (1999)
– Del Mar Country Club Home, San Diego, California Purchased for: $3.1 million (2008)
– Rancho Paseana, San Diego, California Purchased for: $18 million (2014)
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
 – Santaluz Club Home, San Diego, California Purchased for: $3.2 million (2014)
– Del Mar Beach House, San Diego, California Purchased for: $43 million (2020)
– Yellowstone Club Lodge, Big Sky, Montana Estimated value: $29.4 million
– Wellington Equestrian Compound, Palm Beach County, Florida Purchased for: $35 million
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<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Real Estate

Bill Gates Has Spent $150 Million on Real Estate – From a Seattle Mansion to 275,000 Acres of Farmland

In the current market session, ARM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock price is at $142.22, after a 2.31% decrease. However, over the past month, the company's stock went up by 14.93%, and in the past year, by 175.77%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1727709308_0.png" alt="Past Year Chart" />

<h3>A Look at ARM Holdings P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 58.88 in the Semiconductors &amp; Semiconductor Equipment industry, ARM Holdings Inc. has a higher P/E ratio of 359.83. Shareholders might be inclined to think that ARM Holdings Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727709308_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into ARM Holdings Inc's Price Over Earnings

Truist Securities analyst Neal Dingmann maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy and lowers the price target from $55 to $54.

VNOM

Truist Securities Maintains Buy on Viper Energy, Lowers Price Target to $54

Wells Fargo analyst Joseph O'Dea maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $190 to $197.

Wells Fargo Maintains Equal-Weight on Dover, Raises Price Target to $197

CSL Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CSLLY#OTC">CSLLY</a>)&nbsp;and Arcturus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>)&nbsp;announced the results of a Phase 3 head-to-head study of ARCT-154, a self-amplifying (sa-mRNA) COVID-19 vaccine, compared to Pfizer Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41089773/self-amplifying-mrna-covid-19-vaccine-demonstrates-superior-immune-response-compared-with-mrna-vac" rel="noreferrer noopener">shot Comirnaty</a>.
The study showed that the sa-mRNA COVID-19 vaccine maintained superior immunogenicity compared to the conventional mRNA vaccine Comirnaty&nbsp;for up to one year against Wuhan-Hu-1, Omicron&nbsp;BA.4-5&nbsp;and certain other variants, and at one-sixth the dose of the comparator&nbsp;(5 μg vs. 30 μg, respectively).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39234193/arcturus-inhaled-mrna-therapeutic-in-cystic-fibrosis-study-highlights-potential-ami" rel="noreferrer noopener">Arcturus&#8217; Inhaled mRNA Therapeutic In Cystic Fibrosis Study Highlights Potential Amid Competitive Landscape: Analyst</a>.
The COVID-19 vaccine from this sa-mRNA platform targeted against the JN.1 variant is approved in Japan for immunization against COVID-19 in adults 18 years and older. It is being sold under the trade name Kostaive.
At Day 29, neutralizing antibodies (GMTs unadjusted) against the Wuhan-Hu-1 strain in ARCT-154 recipients (n = 378) were superior to those in the Comirnaty&nbsp;group (n = 374)
<ul>
<li>GMT = 5390 vs. 3738, a GMT ratio of 1.44. This advantage persisted through all time points.</li>
<li>At Day 361 (unadjusted), GMTs were 3396 and 1771 in ARCT-154 (n = 272) and Comirnaty (n = 266) groups, with a GMT ratio of 1.92.</li>
<li>Differences were also observed in responses against Omicron BA.4-5, with GMT ratios of 1.31 at Day 29 and 1.89 at Day 361.</li>
</ul>
Additional data presented by CSL and Arcturus finds that the bivalent formula ARCT-2301, developed on the same platform as ARCT-154, induces superior immunogenicity over conventional bivalent mRNA vaccine Comirnaty, which persists against key variants up to six months postvaccination.
<ul>
<li>Data from 930 participants showed that ARCT-2301 (n = 398) induced superior neutralizing antibody responses vs. Comirnaty (n = 405) against Omicron BA.4-5 (GMT ratio 1·49), and against Wuhan-Hu-1 (GMT ratio 1.45).</li>
<li>The difference persisted through six months with GMT ratios of 2.17 and 1.98, respectively.</li>
<li>Antibody responses against Omicron XBB.1.5 were also higher after ARCT-2301 vs. Comirnaty.</li>
</ul>
Price Action: ARCT stock is up 4.70% at $23.07 at last check Monday.
Image via Unsplash
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<li><a href="https://www.benzinga.com/general/biotech/24/09/41091774/prime-medicine-inks-cell-therapy-pact-with-bristol-myers-squibb-worth-over-3-5b-streamlines-pipel" target="_blank" rel="noreferrer noopener">Prime Medicine Inks Cell Therapy Pact With Bristol Myers Squibb Worth Over $3.5B, Streamlines Pipeline</a>.</li>
</ul>

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Large Cap

Health Care

ARCT

CSLLY

Arcturus Therapeutics/CSL Partnered COVID-19 Vaccine Surpasses Pfizer's Comirnaty Shot, Even At Lower Doses

Truist Securities analyst Neal Dingmann maintains Sitio Royalties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STR#NYSE">STR</a>) with a Buy and lowers the price target from $31 to $29.

Truist Securities Maintains Buy on Sitio Royalties, Lowers Price Target to $29

Aston Martin Lagonda Global Holdings plc 2023 Q3 - Results - Earnings Call Presentation

Aston Martin Lagonda Global Holdings plc (AMGDF) Q3 2023 Earnings Call Transcript

Aston Martin Lagonda: Dilution May Eat Up Future Potential

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Lucid (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) stock has slid lower by about 45% during the past six months, although research firm Needham &amp; Company believes more pain could be on the way. This morning, Needham analysts <a href="https://www.streetinsider.com/Analyst+Comments/Needham+%26+Company+Downgrades+Lucid+Group+Inc.+%28LCID%29+to+Hold%2C+less+optimistic+view/22453787.html">downgraded</a> LCID stock to &ldquo;hold&rdquo; from &ldquo;buy,&rdquo; <a href="https://www.streetinsider.com/Analyst+Comments/Needham+lacks+faith+in+demand%2C+downgrades+Lucid+%28LCID%29+to+Hold+rating/22454541.html">citing</a> a lack of faith in near-term demand.



Needham believes that weak demand is the company&rsquo;s biggest risk. At the same time, analysts at the company are impressed with Lucid&rsquo;s technology and are excited about the upcoming <a href="https://lucidmotors.com/stories/introducing-lucid-gravity/">Gravity SUV</a>. Lucid expects the vehicle to enter the market in late 2024 with a starting price of less than $80,000. The vehicle has a <a href="https://lucidmotors.com/gravity/">projected range</a> of over 440 miles and a zero to 60 mph acceleration time of less than 3.5 seconds.



<h2>Needham Downgrades LCID Stock to &ldquo;Hold&rdquo;</h2>



As of now, the bull case for LCID stock seems to lie in the success of its Air, Gravity and technology. Back in June, Lucid <a href="https://www.prnewswire.com/news-releases/lucids-world-leading-electric-powertrain-technology-propels-aston-martin-to-a-bold-electric-future-301862865.html">announced</a> that it had entered into a long-term strategic technology partnership with luxury vehicle maker Aston Martin (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arggy-stock-quote/">ARGGY</a>). The partnership will see Aston Martin pay Lucid $457 million in exchange for its powertrain and battery systems.



Needham has estimated that Aston Martin will pay Lucid between $20,000 and $30,000 for each vehicle equipped with Lucid&rsquo;s technology. However, this estimate <a href="https://www.marketwatch.com/story/lucids-stock-catches-a-downgrade-as-needham-frets-about-demand-96392890">could be problematic</a> due to the high price tag.



&ldquo;While our initial math is likely far from exact, it does lower our confidence in [Lucid] striking a deal with a legacy [original equipment manufacturer] to license their EV technology given the dollars per vehicle Aston Martin is potentially paying,&rdquo; said Needham analyst Chris Pierce.



As for the upcoming Gravity, Pierce isn&rsquo;t putting too much weight on the reservation numbers if Lucid chooses to release them. His reasoning is due to higher reservations than actual orders for the Air. 



Needham now only carries a <a href="https://seekingalpha.com/news/4040257-rivian-automotive-is-needhams-only-buy-rated-ev-stock-after-lucid-is-cut">&ldquo;buy&rdquo; rating</a> for one electric vehicle (EV) company, which is Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>). 



Lucid carries an <a href="https://finance.yahoo.com/quote/LCID/analysis?p=LCID">average price target</a> of $5.06 among 12 analysts with coverage of LCID stock. The price target implies upside of more than 20% from current levels.



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2023/11/lcid-stock-alert-needham-is-losing-faith-in-lucid-motors/">LCID Stock Alert: Needham Is Losing Faith in Lucid Motors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LCID Stock Alert: Needham Is Losing Faith in Lucid Motors

Aston Martin: Still Neutral

Aston Martin Lagonda Global Holdings plc (AMGDF) Q4 2023 Earnings Call Transcript

Aston Martin Lagonda Global Holdings reports Q1 results; reaffirms FY24 guidance

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) industry is on full alert after it was announced that Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) would <a href="https://investorplace.com/2024/06/what-does-the-5-billion-rivian-volkswagen-deal-mean-for-rivn-stock/">invest up to $5 billion</a> into Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) while also a forming a joint venture with the company based on vehicle software.



The news caused Lucid (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) to rise as much as 12% following yesterday&rsquo;s close, although more than half of those gains have been erased since then.



Ultimately, LCID stockholders shouldn&rsquo;t be excited about the news, as it doesn&rsquo;t concern the company at all. In fact, the news should be viewed as an EV competitor receiving a major investment, providing it with much-needed capital and a competitive advantage.



Interestingly enough, Lucid announced exactly one year ago that it had <a href="https://lucidmotors.com/fr-ca/stories/lucid-powertrain-technology-aston-martin">signed a deal</a> with British luxury automaker Aston Martin (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arggy-stock-quote/">ARGGY</a>). The deal, worth over $450 million, provided Aston with access to Lucid&rsquo;s powertrain and battery systems. It also gave Lucid a <a href="https://www.reuters.com/business/autos-transportation/aston-martin-lucid-enter-into-agreement-make-electric-vehicles-2023-06-26/">3.7% stake</a> in Aston.



<h2>LCID Stock Rises Following Rivian-Volkswagen Partnership</h2>



While Lucid&rsquo;s deal pertains to hardware, Rivian&rsquo;s deal focuses on software. The EV truck company&rsquo;s deal is also much more lucrative. 



However, both deals were made with much older automotive companies, signaling interest in new EV technology. On Lucid&rsquo;s end, it is a bit concerning that it hasn&rsquo;t signed any major hardware deals since its arrangement with Aston Martin.



Rivian now boasts Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and Volkswagen as major partners while Lucid has the support of Saudi Arabia&rsquo;s Public Investment Fund (PIF) and its subsidiary, Ayar Third Investment. In March, Ayar agreed to invest <a href="https://www.bloomberg.com/news/articles/2024-03-25/lucid-stock-surges-on-1-billion-lifeline-from-saudi-investor?sref=0N1JmzAH">$1 billion</a> into Lucid through newly issued convertible preferred stock. That brought PIF&rsquo;s total amount invested into Lucid to $5.4 billion. The sovereign wealth fund owns a 60% stake in the company.



However, PIF and Aston will be unable to provide the automotive expertise that Volkswagen can provide to Rivian. Last year, Volkswagen had a 6% market share in the <a href="https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/#:~:text=In%202023%2C%20the%20ranking%20of,share%20of%20around%2010.7%20percent.">global automotive industry</a>, second only to Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) at 10.7%. Aston didn&rsquo;t even make the top 10.



With LCID stock down more than 35% so far this year and guiding for the 2024 production of <a href="https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-first-quarter-2024-financial-results">9,000 vehicles</a> compared to <a href="https://www.prnewswire.com/news-releases/lucid-announces-fourth-quarter-and-full-year-2023-financial-results-302067988.html#:~:text=On%20a%20full%2Dyear%20basis,delivered%206%2C001%20vehicles%20in%202023.">8,428 vehicles</a> in 2023, it&rsquo;s clear that the company needs a major catalyst in order to provide market-beating returns.



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.&nbsp;
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