Stifel Lucid · LCID

Stifel Keeps Hold on Lucid, $3 Price Target

Analyst: Stephen Gengaro 2 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$3
Unchanged
Outcome
Reached
on July 17, 2025

Stifel’s latest target on Lucid is now $17 (Mar 16, 2026); the median of 5 firms is $6. Stifel has reached 83% of its year-old targets (42 scored).

Stifel and Lucid logos

What the analyst said

Stifel analyst Stephen Gengaro reiterated a Hold rating and $3.00 price target on Lucid Group Inc.

(NASDAQ: LCID).

“Lucid Announces Partnership with Uber and Nuro for Robotaxis: Lucid announced a major partnership seeking to develop a robotaxi offering alongside Uber (UBER: $90.58, Buy – covered by Stifel Analyst Mark Kelley) and Nuro (a U.S.-based self-driving developer).

The partnership will utilize Lucid’s, in our opinion, industry-leading EV architecture to develop robotaxis, leveraging Nuro’s Nuro Driver Level 4 self-driving capabilities and Uber’s vast global network and expertise in fleet management.

The company expects to deploy its first autonomous vehicle by late next year, with the partnership aiming to scale its fleet of self-driving-enabled Lucid vehicles to at least 20,000 over the next six years.

Uber or its network of third-party fleet operators will directly own and operate the vehicles.

We view Lucid’s entry into the rapidly evolving robotaxi space as a positive that could yield material long-term value for the company.

Uber to Purchase $300 Million Worth of LCID Shares: In connection with its robotaxi partnership, Uber has agreed to purchase $300 million worth of Lucid common shares through a private placement, accompanied by an investment in Nuro (amount undisclosed).

Additionally, Lucid’s Board approved a 1:10 reverse stock split, pending shareholder approval.

We view Uber’s investment in Lucid as a positive data point supporting its commitment to deploying at least 20,000 Lucid autonomous vehicles over the next six years.

Read Throughs for Tesla: Competition in the autonomous driving market remains dynamic, with several companies leveraging different software and hardware architectures for their self-driving offerings.

Specifically, Nuro utilizes a combination of cameras, lidar, radar, and various other sensors for its autonomous driving solution, supported by its AI-powered software stack (which is similar to the approach taken by Waymo).

This compares to Tesla, which relies solely on cameras and AI for its Full-Self-Driving (FSD) offering.

While autonomous driving technologies remain in the “prove-it-to-me” stage, we believe Tesla’s ability to leverage a large amount of driving data from its existing fleet of vehicles on the road remains a key competitive edge for the company.

In addition, we believe the presence of more self-driving vehicles boosts the overall market and customers’ comfort level, which bodes well for Tesla and its peers.”

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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 −84% (from $22.90). The 12-month window closed on July 17, 2026.

Track record

This call✓ Target reached on July 17, 2025, 0 days 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.

Stifel targetLCID share price
  1. September 8, 2025Kept the $2.10 targetHold$2.10
  2. August 29, 2025Target cut from $3 (−30%)Hold$2.10
  3. August 6, 2025Kept the $3 targetHold$3
  4. July 17, 2025 This noteKept the $3 targetHold$3
  5. July 3, 2025Kept the $3 targetHold$3
  6. May 12, 2025Kept the $3 targetHold$3
  7. May 7, 2025Kept the $3 targetHold$3
  8. 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.

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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
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.