What the analyst said
Stifel analyst Stephen Gengaro reiterated a Hold rating and $3.00 price target on Lucid Group Inc.
(NASDAQ: LCID).
“LCID delivered solid 1Q25 results driven by strong execution on cost optimization initiatives, and maintained its full-year production guidance.
We continue to believe the Lucid Gravity will be well received and bolster 2025-2026+ sales, and raise brand awareness.
We are maintaining our Hold given the significant near-term cash burn and need for additional capital, and we await traction of gross margin improvement which are likely hampered by tariffs.
Progress over the next several quarters on the forthcoming mid-sized platform (on track for 2H26) is likely a meaningful inflection point in the company’s march towards profitability.
We maintain our Hold rating and $3 target price.”
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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 $25.10). The 12-month window closed on May 12, 2026.
Track record
This call✓ Target reached on July 17, 2025, 2 months after the note. Prices are split-adjusted. Same target as this firm’s May 7, 2025 note, so it is scored there.
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, 2025 This noteKept the $3 targetHold$3
- May 7, 2025Kept the $3 targetHold$3
- February 26, 2025Earliest 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