Lucid Group (LCID) Stock Forecast & Price Target

$2.10 +0.04 (+1.94%)

(As of 11/22/2024 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

Hold

Based on 9 Analyst Ratings

Sell
1

Hold
7

Buy
1

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 "Hold." Out of the 9 analysts, 1 has given a sell rating, 7 have given a hold rating, and 1 has given a buy rating for LCID.

Consensus Price Target

$3.16
50.26% Upside

According to the 9 analysts' twelve-month price targets for Lucid Group, the average price target is $3.16. The highest price target for LCID is $4.50, while the lowest price target for LCID is $2.00. The average price target represents a forecasted upside of 50.26% from the current price of $2.10.

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LCID Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$3.16	$3.54	$3.71	$6.55
Forecasted Upside	50.26% Upside	41.60% Upside	-9.71% Downside	54.48% Upside
Consensus Rating	Hold	Reduce	Reduce	Reduce

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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	2.00	2.50	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	50.26% Upside	269.12% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent LCID 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
11/19/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$3.00 ➝ $2.00	-5.21%
11/11/2024	R. F. Lafferty 5 of 5 stars	J. Perez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$4.00	+76.99%
11/8/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Hold
10/17/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Garrett Nelson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$2.00	-24.24%
10/8/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$4.00 ➝ $4.00	+16.28%
10/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$3.00 ➝ $3.00	-11.50%
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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%
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%
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 Monday at 08:27 AM ET.

LCID Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Lucid Group is $3.16, with a high forecast of $4.50 and a low forecast of $2.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lucid Group in the last year. There is currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LCID shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LCID, but not buy additional shares or sell existing shares.
: According to analysts, Lucid Group's stock has a predicted upside of 50.26% based on their 12-month stock forecasts.
: Over the previous 90 days, Lucid Group's stock had 1 upgrade by analysts.
: Lucid Group has been rated by research analysts at Cantor Fitzgerald, Cfra, Needham & Company LLC, R. F. Lafferty, Robert W. Baird, and Royal Bank of Canada in the past 90 days.
: Analysts like Lucid Group less than other "auto/tires/trucks" companies. The consensus rating score for Lucid Group is 2.00 while the average consensus rating score for "auto/tires/trucks" companies is 2.48. Learn more on how LCID compares to other companies.

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Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.

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This page (NASDAQ:LCID) was last updated on 11/25/2024 by MarketBeat.com Staff

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Lucid Group (LCID) Stock Forecast & Price Target