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The average 12-month price target stands at $13.13, implying roughly 110% upside.
Lucid's average 12-month price target from analysts is $13.13, suggesting 110% upside.
KEY POINTS
- Citi initiated coverage of Lucid with a 'Buy' rating, citing the Gravity rollout and Uber partnership.
- Lucid recently raised $1.05 billion, including increased investment from Uber and Saudi PIF affiliate.
- First quarter production and deliveries missed expectations due to supply chain issues impacting the Gravity SUV.
- Lucid reaffirmed 2026 production guidance despite weak Q1 performance and lower-than-expected preliminary revenue.
COMPANIES
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