Wall Street analysts indicate cautious optimism about… Lucid Collection (Nasdaq: LCD) in spite of stock Trading near record lows.
It is worth noting that Lucid’s stock price has been very volatile and trended lower amid weak fundamentals. At the close of the last session, LCID stock was trading at $6.25, down roughly 44% year-to-date.
Based on forecasts of 10 analysts you follow TipRanksThe average 12-month price target stands at $13.13, which implies an upside of approximately 110%.
Of the ten analysts, seven recommend holding the stock, one rates it a buy, and two suggest a sell, raising the consensus rating to ‘hold’. Analysts have a high estimate of $17 and a low of $8.
While expectations indicate a potential recovery over the next 12 months, expectations remain limited due to ongoing operational and financial challenges.
Among experts, TD Cowen analyst Itai Michaeli lowered his price target for LCID to $10 from $19 on April 15 while maintaining a “Hold” rating, citing a more cautious outlook for the auto sector. He noted that automakers are better placed than suppliers to maintain the credibility of the guidance, with limited risk of downward revisions. The update came after Lucid’s Q1 2026 report, which showed production of 5,500 vehicles and deliveries of 3,093 vehicles.
Citi also initiated coverage of Lucid with a “buy” rating. Analyst Michael Ward pointed to a positive turnaround driven by the rollout of Gravity, upcoming Cosmos production, expanding ties with Uber, and support from the Public Investment Fund. These factors are expected to support the path towards breakeven. The company also highlighted strong liquidity in late 2027 and expected revenue growth to accelerate sharply through 2028 as production volumes increase.
Clear stock fundamentals
Meanwhile, recent developments around the electric car maker have added complexity to the outlook after the company appointed 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 the raise investment From Uber and with the support of a subsidiary of the Saudi Public Investment Fund, with the expansion of its robotic partnership targeting at least 35,000 vehicles.
However, poor performance in the first quarter weighed on sentiment. Production and deliveries missed expectations, in part due to supply chain disruptions affecting the Lucid Gravity SUV, while preliminary revenue of approximately $280 million to $284 million fell short of expectations.
Although Lucid reaffirmed its 2026 production guidance of 25,000 to 27,000 vehicles and continues to pursue long-term growth through new platforms and software-driven revenues, analysts remain cautious.
