Lucid’s stock jumped 30% recently, but Wall Street isn’t buying the hype. The luxury EV maker’s share price sits at $2.84—a far cry from its $60 peak in 2021. Despite Saudi backing and premium technology, nine consecutive quarters of missed earnings have analysts scratching their heads. Price targets range wildly from $2.90 to $12, showing just how divided experts are. The real story behind this surge might surprise you.
Lucid Group’s stock is staging a dramatic comeback, surging nearly 30% in value over the past month – though investors might want to hold their applause. Trading at $2.84 with a market cap of $8.66 billion, LCID remains a shadow of its former self, down dramatically from its 2021 glory days when shares touched $60.
Wall Street’s finest minds can’t seem to agree on what’s next. Fifteen analysts are throwing out price targets ranging from $2.90 to $12, with a consensus landing at $5.22. Cantor Fitzgerald just jumped into the fray with a $4 target, apparently not quite catching the recent enthusiasm. The upcoming launch of their Gravity SUV could be a game-changer for the company’s market position.
Wall Street analysts remain deeply divided on Lucid’s future, with price targets scattered between $2.90 and $12, reflecting market uncertainty.
The numbers tell a sobering story. Lucid has managed to miss earnings or revenue expectations for nine straight quarters – not exactly a winning streak. Sales growth? Let’s just say “slow and volatile” is putting it kindly. Profitability remains as elusive as a desert mirage. The company reported a staggering net loss of $2.83 billion in 2023. Market makers help maintain steady trading volume despite the stock’s volatility.
But there’s a plot twist: Saudi Arabia. The kingdom’s backing isn’t just another partnership – it’s Lucid’s golden ticket. Major EV orders and financial stability make this relationship different from your typical startup story. Some analysts are even whispering about potential 10x returns, though that might be more wishful thinking than analysis.
The luxury EV maker is fighting an uphill battle in an increasingly crowded market. Legacy automakers aren’t exactly rolling over, and every startup with a battery and a dream wants a piece of the action. Still, Lucid’s advanced technology and premium positioning could help it carve out its niche.
The recent 30% surge looks impressive on paper, but let’s keep it real. The stock remains firmly in the red for 2025, and fundamental data isn’t painting a particularly rosy picture. Some optimistic forecasts show the stock potentially reaching $5.40 by June 2025, but in this volatile market, that’s about as reliable as a weather forecast in tornado season.
