Lucid Motors stock forecasts, price predictions & targets for 2024-2030

Lucid Motors is an electric vehicle manufacturer that came to the market via a SPAC deal. This page offers up the latest Lucid stock price forecasts from top market analysts.
Updated: Oct 30, 2023

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The average Lucid stock forecast is $8.24. This is based on 11 Wall Street analysts offering Lucid price targets and guidance for the next 12 months. The maximum Lucid price prediction is $13.20, while the minimum forecast is $5.

Read on for a detailed breakdown of Lucid stock forecasts for 2024 and beyond.

LCID stock forecast & price targets

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The majority of experts who have shared a price target for Lucid Group Inc. are of the opinion that its stock is a buy. Some are expecting a large move higher, while others predict a slower climb. Only one analyst thinks LCID will fall and has a sell rating for the company.

The table below provides a short summary of Lucid stock forecasts for the next decade. These are based on a combination of analyst ratings and Lucid maintaining its average annual growth rate of 52.40% over the last 10 years.

YearLucid stock forecastChange (%)
Lucid stock forecasts based on average annual growth rate, updated April 2024

Expert forecasts on the future of Lucid Motors (LCID)

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Analysts from major investment firms regularly offer comment and guidance about the biggest stocks to their clients. Generally, each analyst updates their guidance every few months, providing a price target and a BUY, SELL, or HOLD rating based on their level of confidence.

Here are some of the latest price targets and Lucid guidance from leading professional investors.

Stock analystLucid price targetGuidance
Evercore ISI$8HOLD
Royal Bank of Canada$6SECTOR PERFORM
Robert W. Baird$7NEUTRAL
Needham & Company LLC$9BUY
Bank of America$8NEUTRAL
Cantor Fitzgerald$10
R.F. Lafferty$12BUY
Morgan Stanley$5UNDERWEIGHT
Analyst price targets for Lucid stock, updated April 2024

We have collected a selection of quotes from the most prominent Wall Street analysts’ options on the future of the Lucid Group stock, helping you gain an insight into what the analysts think.

We rate Lucid shares Buy/High Risk. Fundamentally, we are constructive on the Lucid story and its position in the EV/Car of the Future theme

Itay Michaeli, Citi Group $7.50 price target

I think it’s somewhat somewhere between a combination of Tesla and Ferrari”

John Murphy, Bank of America $8 price target

Lucid’s Air sedan is already the longest-range electric vehicle, even ahead of Tesla in some areas.

Charles Coldicott, Redburn $39

Short term LCID stock forecast

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With most analysts agreeing that Lucid Motors’ price will rise, how much it will rise by is open to debate. The most bullish of Lucid stock price forecasts predicts a high price of $10, while less optimistic targets sit at $8. One analyst who thinks LCID may underperform thinks its price will drop down to $3

This is the latest Lucid stock sentiment for the next month, based on a range of technical indicators including trading volume, moving averages, and oscillators.

This graphic is merely a representation of the latest technical analysis and does not constitute financial advice.

Below is a summary of some expert Lucid stock price forecasts for the next two years.

Lucid Group stock price prediction 2023

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Lucid Motors’ stock has an average price target of $7.50 per share in 2023. That’s inline with Itay Michaeli of CitiGroup’s $7.50 prediction. 2023 is expected to be an important year for the company and these Lucid Group stock forecast could be blown out of the water as it is when its Galaxy SUV is expected to be sold. 

Lucid Motors price prediction 2024

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If all goes to plan, then 2024 could see LCID trading between $10 – $15 per share. The company has plans to expand into the European and Middle Eastern markets and if it’s successful, these predictions could be on the right track. 

Long term LCID stock forecast

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While most investors take a long term view of their stock holdings, most analysts don’t tend to provide forecasts longer than 1 year. However, some have and we’ve provided a brief summary for the rest of the decade. It’s important to remember that longer term predictions are more speculative. 

Lucid Motors price prediction 2025

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It’s expected 2025 would continue where 2024 left off and Lucid Motors’ stock could potentially reach the $25 per share mark. Although a lot of things would have to fall into place for that to happen. Its backing from the Public Investment Fund of Saudi Arabia could make its move into the Middle East much smoother. 

Lucid Motors stock price forecast 2030

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It is possible Lucid could be above $100 by the end of the decade if all goes well. However, the EV market is becoming highly competitive and a lot of factors can impact the business going forward. 

Compare the best places to buy Lucid Motors stock

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To buy shares in Lucid Motors, you will first need to register with a broker. In the table below you will find a selection of our expertly recommended platforms where you can pick up LCID stock in just a few minutes. Click any of the links below to sign up.

What affects the price of LCID?

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Below, we’ll explore key elements, from analyst ratings, the current trend to average price targets and other factors, that can impact the value and price target of Lucid Group Inc. stock.

  • Electric vehicle sales. Lucid’s main business is selling electric vehicles and demand for them is crucial to its success. It’s already proven in its short history it is capable of producing a higher number of cars and there are thousands of pre-orders. Continued demand is a key factor in how its stock price will move.
  • Competition. The EV market is a growing and crowded space. Tesla, Rivian, and NIo are just a few of LCID’s rivals. Traditional car makers like Ford and Mercedes are also developing electric vehicles, so for Lucid to find success, it needs to fend off competition. 
  • Saudi Arabia. Lucid Group Inc.’s biggest shareholder is the Public Investment Fund of Saudi Arabia which own over 60% of the company. Lucid sees the Middle East as a market it wants to break into and is planning to open a factory in the region. However, if the PIF of Saudi decides to start selling shares, it would impact LCID.
  • Analyst ratings and consensus. One of the critical drivers of Lucid Group Inc. stock price is Wall Street analyst ratings and the analyst consensus. Financial experts and market analysts provide recommendations based on their assessments of the company’s performance and future outlook, live we’ve shared on this page. A “strong buy” or “buy” rating can signify optimism and may attract more investors, while a “strong sell” recommendation might lead some to consider selling their Lucid Group Inc. shares.
  • Financial results. Lucid’s quarterly results, specifically metrics like revenue, deliveries, losses, and cash burn provide insights into how well the company is executing. Strong results could push the stock higher, while disappointing ones may weigh it down.
  • Current price. Comparing the current price of Lucid Group stock to the closing price provides insights into recent market sentiment. Understanding the stock’s performance over the last month and how it compares to the last price it closed at can help investors assess the current trend and potential price movements.

How has the Lucid Motors price changed over time?

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Lucid Group Inc. went public in 2021 following a merger with a SPAC and since then its shares have experienced some volatility and fluctuations in price. It only started selling its first vehicles in October 2021 which saw its stock price surge by over 100%. It has since fallen off following an SEC investigation into its SPAC merger with Churchill Capital Corp.

What should I do now?

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Now that you’re armed with the latest Lucid Motors stock price forecast you may want to buy shares in the company. Check out our guide on how to buy shares in Lucid Group Inc. Alternatively, if you want to learn more about the stock market, visit our investing hub. Whatever you decide, it’s a good idea to keep up to date with the latest news, which you can do by the links below.

Register and buy LCID stock

Latest Lucid Motors news

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It’s no secret that this is not a good year for EV stocks like Rivian, Tesla, Mullen Automotive, Canoo (GOEV), and Lucid Motors as most of them have tumbled hard. In a previous article, I warned that these companies face a difficult time as China’s EV companies like Nio, BYD, and Li Auto boost their
Lucid (NASDAQ: LCID) stock price has moved sideways this month as concerns about the EV industry have risen. The stock was trading at $3.65, which is much higher than last month’s low of $2.52. Like other EV stocks, Lucid Group shares have plunged by double-digits from their all-time highs.  Lu
Electric vehicle stocks are off to a bad start in 2024. After a fairly strong year, Tesla (NASDAQ: TSLA) stock price has plunged by 4.2% while Rivian is down by over 7.5% this year. Other EV stocks like Polestar, Nikola, Lucid Motors, and Nio have done worse and there is a risk that the trend [&hell

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Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.