Wall Street analysts remain cautious The Lucid Group (NASDAQ: LCID), but their latest forecast suggests that the electric car maker could deliver some impressive results in the next 12 months.
According to what has been done from 11 experts to TipRanksabout LCID property the stock price stands at $9.75, representing a potential upside of about 64.7% from the closing price of $5.92.
The highest price for Lucid is $17, while the lowest is $5. The median estimate of $9.75 sits between the worst and reflects Wall Street’s outlook for the next 12 months.
Sanctity associated with ‘Hold’. For this reason, among the stock’s analysts, one recommends ‘Buy’, eight charge ‘Hold’, and two maintain ‘Sell’ ratings.
The outlook reflects a market that sees potential for growth but remains cautious about the challenges facing the high-end EV maker, including profit margins and competition from major automakers.
The strong forecast suggests that analysts see a path for Lucid to successfully execute its growth strategy and expand its automotive portfolio. Meanwhile, the bearish target reflects concerns about execution risk and the company’s oversupply.
Breakdown of LCID stock analyst
Among analysts, Michael Ward of Citi lowered his price target for Lucid to $14 from $17 following weaker-than-expected results for the first quarter of 2026 and the removal of the company’s full-year outlook, while maintaining a ‘Buy’ rating. Ward acknowledged the impact of Lucid’s $282 million in revenue, nearly $1 billion in losses, and ongoing challenges, but noted that the company’s long-term mission remains intact. Its stability is closely related to the outlook for 2027, especially the start of production at Lucid’s new plant in Saudi Arabia and lower costs, which Citi believes will improve the company’s financial position and support the company’s profitability strategy.
Needham’s Andrew Percoco, on the other hand, maintained a ‘Hold’ rating after Lucid’s results for the first quarter of 2026, arguing that while the issue of long-term growth remains supported by efforts such as the Uber-Nuro robotaxi partnership, the gravity-fed system, and the development of the Midsize platform, major challenges continue. The company said that Lucid’s recent capital increase strengthens its guidance for the second half of 2027, but cited rising costs, the economic slowdown, the economic slowdown, and weak demand for EVs as key risks.
On the other hand, Morgan Stanley Analyst Adam Jonas reiterated his ‘Underweight’ rating and cut his price target to $5 from $10 following disappointing results for the first quarter of 2026. Jonas cited a number of concerns, including the temporary suspension of the Gravity SUV due to a supplier-related issue, the cancellation of Lucid’s guidance for 2026, leadership uncertainty during the CEO transition, and ongoing challenges. He also highlighted weak revenue numbers, poor margins, and cash burn, saying Lucid should remain under pressure until management clarifies its strategy and plans.
