Stifel Cuts Lucid’s Price Target to $2.10

Stifel analyst Stephen Gengaro lowered on August 29, 2025, the price target on Lucid to $2.10 (from $3.00) while maintaining a ‘Hold’ rating.

“LCID’s 2Q25 revenue modestly beat our forecast, while gross profit and adjusted EBITDA were below our projections.

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

We continue to be big believers in LCID’s technology, and view the Air and Gravity as excellent products.

However, we expect additional capital to be required over the next few years, and we are awaiting clarity on Gravity sales and the rollout of the midsize.

We maintain our Hold rating and reduce our target price to $2.10 target price from $3.

This translates to a $21.00 target price once the 1 for 10 stock split is completed.”

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