Baird Lowers Lucid Price Target to $2
- Rating
- Neutral
- Target
- $2
- from $3 (−33%)
- Outcome
- Reached
- on August 29, 2025
What the analyst said
Baird analyst Ben Kallo lowered the price target on Lucid Group Inc.
(NASDAQ: LCID) to $2.00 (from $3.00) while maintaining a Neutral rating.
“LCID reported Q2 results which were in line with revenue estimates, and fell short of our/consensus for EBITDA and EPS.
Permanent magnets were called out as a supply pinch point in Q2 which nearly caused a production pause, but LCID has now procured enough supply to reach its full-year production targets.
Recent announcements regarding increased efforts to grow brand awareness and enter into the robotaxi market are positives in our view, but we believe the true catalysts will be cost reductions (vehicle profitability) and a potential tech licensing deal.”
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Where the price stands
LCID trades at $2.98. The 5 analysts who set a target in the last 3 months range from $3 to $11, with a median of $6. This $2 target is 67% below the median, the lowest on the Street.
Since the note LCID has moved −88% (from $24.20). The 12-month window closed on August 6, 2026.
Track record
This call✓ Target reached on August 29, 2025, 23 days after the note. Prices are split-adjusted.
Firm track recordBaird: 90% of its 31 targets at least a year old were reached within 12 months (#1 of 26 firms); on Lucid, 2 of 2. Accuracy ranking →
Baird on Lucid
Baird price targets on Lucid
8 calls from April 21, 2025 to May 6, 2026. The target went from $3 to $0.60 (−80%). The rating stayed Hold.
- May 6, 2026Target cut from $1.20 (−50%)Hold$0.60
- April 15, 2026Target cut from $1.40 (−14%)Hold$1.20
- March 13, 2026Target raised from $1.30 (+8%)Hold$1.40
- February 25, 2026Target cut from $1.40 (−7%)Hold$1.30
- January 6, 2026Target cut from $1.70 (−18%)Hold$1.40
- November 6, 2025Target cut from $2 (−15%)Hold$1.70
- August 6, 2025 This noteTarget cut from $3 (−33%)Hold$2
- April 21, 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.
