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Lucid Group (LCID) Stock Forecast & Price Target

$2.49
-0.05 (-1.97%)
(As of 06/21/2024 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

Consensus Price Target

$4.24
70.28% Upside
High Forecast$6.00
Average Forecast$4.24
Low Forecast$2.90
TypeCurrent Forecast
6/23/23 to 6/22/24
1 Month Ago
5/24/23 to 5/23/24
3 Months Ago
3/25/23 to 3/24/24
1 Year Ago
6/23/22 to 6/23/23
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
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
3 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$4.24$4.24$4.90$9.79
Forecasted Upside70.28% Upside10.93% Upside9.32% Upside12.43% Upside
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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.
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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.
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Lucid Group Stock vs. The Competition

TypeLucid GroupAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
1.70
2.44
2.50
Consensus RatingReduceHoldHold
Predicted Upside70.28% Upside367.98% Upside10.91% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/8/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$4.00 ➝ $3.00+11.52%
5/7/2024Needham & Company LLC
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 Reiterated RatingHold
4/22/2024Citigroup
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 Reiterated RatingNeutral ➝ Neutral$2.90+20.83%
3/25/2024Morgan Stanley
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 Reiterated RatingUnderweight ➝ Underweight$3.00+3.09%
2/22/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$7.00 ➝ $4.50+52.54%
2/22/2024Robert W. Baird
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 Lower TargetNeutral ➝ Neutral$6.00 ➝ $4.00+35.59%
2/22/2024Cantor Fitzgerald
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A. Sheppard
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DowngradeNeutral ➝ Underweight$6.00 ➝ $4.00+8.11%
11/8/2023R. F. Lafferty
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 DowngradeBuy ➝ Hold$10.00 ➝ $5.00+16.28%
9/19/2023Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$6.00+9.49%
8/11/2023BNP Paribas
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 DowngradeNeutral ➝ Underperform$6.50 ➝ $5.00-26.25%
11/29/2022Evercore ISI
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 Initiated CoverageIn-Line$12.00+23.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:45 PM ET.

LCID Forecast - Frequently Asked Questions

What is Lucid Group's stock forecast and purchase recommendation?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Lucid Group is $4.24, with a high forecast of $6.00 and a low forecast of $2.90. The consensus rating for Lucid Group stock is Reduce based on the current 3 sell ratings and 7 hold ratings for LCID. Learn more on LCID's analyst rating history.

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.

Does Lucid Group's stock price have much upside?

According to analysts, Lucid Group's stock has a predicted upside of 10.93% based on their 12-month stock forecasts.

What analysts cover Lucid Group?

Lucid Group has been rated by research analysts at Citigroup, Morgan Stanley, Needham & Company LLC, and Stifel Nicolaus in the past 90 days.


Stock Forecasts and Research Tools

This page (NASDAQ:LCID) was last updated on 6/22/2024 by MarketBeat.com Staff

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