What the analyst said
Benchmark analyst Mickey Legg reiterated on February 19, 2026, a ‘Buy’ rating and $30 price target on Lucid Motors.
“Lucid previously reported 4Q25 deliveries of 5,345 vehicles and production of 8,412 units, closing 2025 with 15,841 deliveries (+55% YoY) and above our expectations of 5,301 4Q deliveries and 15,797 full year deliveries.
As such, we view 4Q earnings as largely a clean-up quarter with attention centered on the following:
- Gross margin progression as Gravity volumes scale and tariff-related noise abates
- Opex discipline, particularly R&D and SG&A exiting 2025 and,
- Cash burn and liquidity runway, given heightened sensitivity around funding into late 2026.
We expect Lucid to reiterate that profitability remains a 2026–27 story, driven primarily by Gravity mix, cost-down initiatives, and the eventual midsize launch.
LCID reports after the market close on Tuesday, Feb. 24.”
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Where the price stands
LCID trades at $3.67. The 6 analysts who set a target in the last 3 months range from $3 to $9, with a median of $4.50. This $30 target is 567% above the median, the highest on the Street.
Since the note LCID has moved −63% (from $9.80). 12-month window: day 266 of 365, closes on February 19, 2027.
Track record
This callOpen: LCID has not reached $30 yet. This 12-month target is scored on February 19, 2027.
Firm track recordStoneX: 71% of its 24 targets at least a year old were reached within 12 months (#18 of 26 firms); on Lucid, 0 of 3. Accuracy ranking →
StoneX on Lucid
StoneX price targets on Lucid
8 calls from July 17, 2025 to October 6, 2026. The target went from $70 to $30 (−57%). The rating moved from Buy to Hold.
- October 6, 2026Rating only, no price targetHoldNo target
- May 6, 2026Downgraded to HoldHoldNo target
- February 19, 2026 This noteKept the $30 targetBuy$30
- November 13, 2025Kept the $30 targetBuy$30
- November 13, 2025Target cut from $70 (−57%)Buy$30
- August 6, 2025Kept the $70 targetBuy$70
- July 17, 2025Kept the $70 targetBuy$70
- July 17, 2025Earliest call shownBuy$70
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
CitiBuy
Cut price target −18%, kept ratingCut target · Nov 11
$9from $11−18%
TD CowenHold
Cut price target −43%, kept ratingCut target · Nov 10
$4from $7−43%
CantorHold
Cut price target −25%, kept ratingCut target · Nov 10
$6from $8−25%
NeedhamHold
Kept ratingReiterated · Nov 10
BairdHold
Cut price target −17%, kept ratingCut target · Nov 10
$5from $6−17%