What the analyst said
Stifel analyst Stephen Gengaro lowered the price target on Lucid Group Inc.
(NASDAQ: LCID) to $3.00 (from $3.50) while maintaining a Hold rating.
“We believe the launch of both the Gravity SUV and the 2H26 expected launch of the mid-size platform are critical to LCID’s long-term success, providing access to a significantly larger addressable market and likely driving materially higher overhead absorption.
We await continued margin progress and maintain our Hold rating with a $3.00 target price versus $3.50 previously.”
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Where the price stands
LCID trades at $3.60. The 5 analysts who set a target in the last 3 months range from $3 to $11, with a median of $6. This $3 target is 50% below the median, the lowest on the Street.
Since the note LCID has moved −86% (from $26.10). The 12-month window closed on February 26, 2026.
Track record
This call✓ Target reached on July 17, 2025, 5 months after the note. Prices are split-adjusted.
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms); on Lucid, 4 of 4. Accuracy ranking →
Stifel on Lucid
Stifel price targets on Lucid
8 calls from February 26, 2025 to September 8, 2025. The target went from $3 to $2.10 (−30%). The rating stayed Hold.
- September 8, 2025Kept the $2.10 targetHold$2.10
- August 29, 2025Target cut from $3 (−30%)Hold$2.10
- August 6, 2025Kept the $3 targetHold$3
- July 17, 2025Kept the $3 targetHold$3
- July 3, 2025Kept the $3 targetHold$3
- May 12, 2025Kept the $3 targetHold$3
- May 7, 2025Kept the $3 targetHold$3
- February 26, 2025 This noteEarliest call shownHold$3
Targets are adjusted for the 1-for-10 reverse split on Sep 2, 2025, so every call is in the same share terms as this note.
Other analysts on Lucid
Morgan StanleySell
Cut price target −40%, kept ratingCut target · Oct 15
$3from $5−40%
RBC CapitalHold
Cut price target −43%, kept ratingCut target · Oct 12
$4from $7−43%
CantorHold
Kept rating and price targetReiterated · Oct 12
$8maintained
StoneXHold
Kept ratingReiterated · Oct 6
BairdHold
Kept rating and price targetReiterated · Oct 6
$6maintained