Lucid Group (LCID) Stock Forecast & Price Target

$3.73

+0.09 (+2.47%)

(As of 12:45 PM ET)

Lucid Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Lucid Group in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 9 analysts, 1 has given a sell rating, and 8 have given a hold rating for LCID.

Consensus Price Target

$3.71
-0.51% Downside

High Forecast	$5.00
Average Forecast	$3.71
Low Forecast	$2.90

According to the 9 analysts' twelve-month price targets for Lucid Group, the average price target is $3.71. The highest price target for LCID is $5.00, while the lowest price target for LCID is $2.90. The average price target represents a forecasted downside of -0.51% from the current price of $3.73.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Reduce	Reduce	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$3.71	$3.71	$4.24	$8.15
Forecasted Upside	-0.51% Downside	17.53% Upside	10.93% Upside	10.13% Upside

This Crypto Is Set to Explode in September (Ad)

With thousands of cryptocurrencies out there, it's crucial to focus on the ONE that has the potential to make HUGE gains. Now, I'm about to reveal the #1 crypto for September 2024.

Go here to get full details on this crypto now.

LCID Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LCID Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lucid Group Stock vs. The Competition

Type	Lucid Group	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	1.89	2.47	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	1.95% Upside	150.31% Upside	7.93% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/12/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$3.00 ➝ $3.00	-24.62%
9/11/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Hold
9/9/2024	Cantor Fitzgerald 3 of 5 stars	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$4.00 ➝ $4.00	+14.61%
7/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$3.00 ➝ $3.00	-1.64%
5/8/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$4.00 ➝ $3.00	+11.52%
4/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$2.90	+20.83%
This Crypto Is Set to Explode in September (Ad) With thousands of cryptocurrencies out there, it's crucial to focus on the ONE that has the potential to make HUGE gains. Now, I'm about to reveal the #1 crypto for September 2024. Go here to get full details on this crypto now.
3/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underweight ➝ Underweight	$3.00	+3.09%
2/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$7.00 ➝ $4.50	+52.54%
11/8/2023	R. F. Lafferty Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$10.00 ➝ $5.00	+16.28%
8/11/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$6.50 ➝ $5.00	-26.25%
11/29/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	In-Line	$12.00	+23.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:14 PM ET.

LCID Forecast - Frequently Asked Questions

What is Lucid Group's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Lucid Group is $3.71, with a high forecast of $5.00 and a low forecast of $2.90.
Should I buy or sell Lucid Group stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There is currently 1 sell rating and 8 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LCID shares.
Does Lucid Group's stock price have much upside?: According to analysts, Lucid Group's stock has a predicted upside of 12.98% based on their 12-month stock forecasts.
Has Lucid Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, Lucid Group's stock had 1 upgrade by analysts.
What analysts cover Lucid Group?: Lucid Group has been rated by research analysts at Cantor Fitzgerald, Needham & Company LLC, Robert W. Baird, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Lucid Group more than its competitors?: Analysts like Lucid Group less than other "auto/tires/trucks" companies. The consensus rating for Lucid Group is Reduce while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how LCID compares to other companies.