What the analyst said
Benchmark analyst Mickey Legg reiterated a Buy rating and $5.00 price target on Lucid Group Inc. (NASDAQ: LCID).
“After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale, underpinned by $5.7B of total liquidity, manufacturing flexibility, and leading technology.
LCID delivered 3,309 vehicles in 2Q25, slightly below our estimate of 3,694, but up 38% YoY. The company produced 3,863 vehicles in the quarter and reiterated full-year production guidance of 20,000 units. Demand for the new Gravity SUV remains strong, and deliveries are expected to accelerate in the second half as production stabilizes.
We forecast 16,776 deliveries for the year, up 63.8% YoY. While we do not expect LCID to reach gross profitability before 2027, requiring sustained quarterly deliveries above 12,000 units, we believe the upcoming Midsize platform, with SOP targeted for late 2026, will support meaningful volume growth beyond current levels.
We remain focused on the following catalysts: scaling deliveries, managing tariff impacts, unveiling the Midsize platform, advancing AI and autonomy, and monetizing technology licensing opportunities. Maintain Buy and $5.00 price target.”
Price Target note: Lucid completed a 1-for-10 reverse stock split on September 2, 2025. The price targets in this note predate the split and are quoted in pre-split share terms; multiply them by 10 to compare with the share price after the split.
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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Where the price stands
LCID trades at $3.26. The 6 analysts who set a target in the last 3 months range from $3 to $9, with a median of $4.50. This $5 target is 11% above the median.
Since the note LCID has moved −86% (from $22.80). The 12-month window closed on July 10, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note LCID closed at $5.55, 89% below the $50 target, and it moved the other way. Prices are split-adjusted.
Firm track recordStoneX: 71% of its 24 targets at least a year old were reached within 12 months (#18 of 26 firms); on Lucid, 0 of 3. Accuracy ranking →
StoneX on Lucid
StoneX price targets on Lucid
8 calls from February 12, 2025 to November 13, 2025. The target went from $5 to $3 (−40%). The rating stayed Buy.
- November 13, 2025Target cut from $7 (−57%)Buy$3
- August 6, 2025Kept the $7 targetBuy$7
- July 17, 2025Kept the $7 targetBuy$7
- July 17, 2025Target raised from $5 (+40%)Buy$7
- July 10, 2025 This noteKept the $5 targetBuy$5
- April 4, 2025Kept the $5 targetBuy$5
- March 7, 2025Kept the $5 targetBuy$5
- February 12, 2025Earliest call shownBuy$5
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
CitiBuy
Cut price target −18%, kept ratingCut target · Nov 11
$9from $11−18%
TD CowenHold
Cut price target −43%, kept ratingCut target · Nov 10
$4from $7−43%
CantorHold
Cut price target −25%, kept ratingCut target · Nov 10
$6from $8−25%
NeedhamHold
Kept ratingReiterated · Nov 10
BairdHold
Cut price target −17%, kept ratingCut target · Nov 10
$5from $6−17%