Wall Street analysts are expressing cautious optimism The Lucid Group (NASDAQ: LCID) though property sales near record lows.
Of course, Lucid’s share price has been very volatile and has fallen between weak points. At the end of the last session, LCID stock traded at $6.25, down nearly 44% year-to-date.
Based on predictions from 10 experts followed by TipRanksthe average price of 12 months is $ 13.13, which means about 110% upside.
Out of 10 analysts, seven agree to hold the stock, one recommends buying, and two suggest selling, bringing the consensus to ‘Hold’. Analysts have a high of $17 and a low of $8.
Although forecasts point to a possible recovery in the next 12 months, expectations remain subdued due to labor and economic challenges.
Among analysts, TD Cowen analyst Itay Michaeli cut his price target on LCID to $10 from $19 on April 15 while maintaining a “Hold” rating, citing more caution in the auto sector. He added that automakers are better positioned than dealers to maintain a reliable steering wheel, with less risk. The update followed Lucid’s Q1 2026 report, which showed production of 5,500 vehicles and deliveries of 3,093.
Citi also initiated coverage of Lucid with a ‘Buy’ rating. Another analyst, Michael Ward, reported positive changes driven by the release of Gravity, the upcoming creation of Cosmos, the growing relationship with Uber, and the support of the Public Investment Fund. These factors are expected to facilitate the breakdown process. The company reviewed the firm’s cash flow through the end of 2027 and projected increased revenue growth through 2028 as production scales.
Lucid stock basics
Meanwhile, recent developments at the EV maker have added to the complexity of the company’s appointment of Silvio Napoli as CEO in April, a move aimed at accelerating growth and improving profitability.
The company also raised about $1.05 billion in new capital, including equity money from Uber and backed by the Saudi Public Investment Fund, as it expands its robotaxi partnership to target at least 35,000 vehicles.
However, such weak performance has been emotionally taxing. Production and deliveries were unexpected, possibly due to the Lucid Gravity SUV’s transportation disruptions, while the estimated $280 million to $284 million budget fell short.
Although Lucid reaffirmed its 2026 guidance of 25,000 to 27,000 vehicles and continues to grow long-term through new platforms and software-driven investments, analysts remain cautious.
