What the analyst said
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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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 $2.10 target is 65% below the median, the lowest on the Street.
Since the note LCID has moved −83% (from $20.70). The 12-month window closed on August 29, 2026.
Track record
This call✓ Target reached on September 19, 2025, 21 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 May 7, 2025 to November 17, 2025. The target went from $3 to $1.70 (−43%). The rating stayed Hold.
- November 17, 2025Target cut from $2.10 (−19%)Hold$1.70
- September 8, 2025Kept the $2.10 targetHold$2.10
- August 29, 2025 This noteTarget cut from $3 (−30%)Hold$2.10
- August 6, 2025Kept the $3 targetHold$3
- July 17, 2025Kept the $3 targetHold$3
- July 3, 2025Kept the $3 targetHold$3
- May 12, 2025Kept the $3 targetHold$3
- May 7, 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.
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