BofA Securities Maintains Underperform on Lucid, $1 Price Target
- Rating
- Sell
- Unchanged
- Target
- $1
- Unchanged
- Outcome
- Reached
- on January 20, 2026
What the analyst said
BofA Securities analyst John Murphy reiterated an Underperform rating and $1.00 price target on Lucid Group Inc.
(NASDAQ: LCID).
“Challenges remain, reiterate Underperform rating. We reiterate our Underperform rating. We still see risk from product development stalling post CEO (Peter Rawlinson) departure earlier in 2025.
In addition, the risk associated with tariff costs and flagging consumer demand for electric vehicles are incremental challenges for the company, in our view.
Although the announcement is a positive development, it remains unclear what the financial ramifications are outside the sale of incremental 20,000+ vehicles and the Uber investment.
It is unclear whether there are revenue sharing opportunities for LCID, and how large they could be.”
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Where the price stands
LCID trades at $3.79. The 5 analysts who set a target in the last 3 months range from $5 to $11, with a median of $7. This $1 target is 86% below the median, the lowest on the Street.
Since the note LCID has moved −83% (from $22.90). The 12-month window closed on July 17, 2026.
Track record
This call✓ Target reached on January 20, 2026, 6 months after the note. Prices are split-adjusted.
Firm track recordBank of America: 81% of its 21 targets at least a year old were reached within 12 months (#14 of 20 firms); on Lucid, 3 of 3. Accuracy ranking →
Bank of America on Lucid
Bank of America price targets on Lucid
5 calls from February 26, 2025 to March 4, 2026. The target stayed at $1. The rating stayed Sell.
- March 4, 2026Kept the $1 targetSell$1
- August 6, 2025Kept the $1 targetSell$1
- July 17, 2025 This noteKept the $1 targetSell$1
- May 7, 2025Kept the $1 targetSell$1
- February 26, 2025Earliest call shownSell$1
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.
