Stifel Lucid · LCID

Stifel Reaffirms Hold on Lucid, $3 Price Target

Analyst: Stephen Gengaro 1 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).

“We view Lucid’s 2Q25 results as modestly negative for the shares. Revenue of $259.4 million landed 2.1% above our $254.0 million estimate (in line with consensus) due to slightly higher ASPs.

Gross profit of ($272.4) million and adjusted EBITDA of ($632.1) million both missed our ($246.4) million and ($579.1) million forecasts, respectively, in part due to a roughly $54 million tariff drag.

Excluding tariffs, gross profit of ($221.4) million landed above 1Q25 and 2Q24 results. Cash burn worsened to ($1,012.9) million versus ($589.9) million in 1Q25.

The company adjusted its 2025 production guidance to 18,000-20,000 from 20,000 units previously, reflecting ongoing market volatility and industry headwinds.

Lucid updated its 2025 capital expenditure guidance to $1.1-1.2 billion from $1.4 billion, and noted the tariff impact on 2025 margins will likely be at the low end of previously guided 8-15% range.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

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 −85% (from $24.20). The 12-month window closed on August 6, 2026.

Track record

This call✓ Target reached on July 17, 2025, 0 days after the note. Prices are split-adjusted. Same target as this firm’s July 17, 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.

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, 2025 This noteKept the $3 targetHold$3
  4. July 17, 2025Kept 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.