Citi Lucid · LCID

Citi Initiates Lucid at Buy, $17 Price Target

1 min read Reproduced verbatim
Rating
Buy
New coverage
Target
$17
First target
Upside
+351%
LCID at $3.77 today

Citi’s latest target on Lucid is now $9 (Nov 11, 2026); the median of 6 firms is $4.50. Citi has reached 88% of its year-old targets (43 scored).

Citi and Lucid logos

What the analyst said

Citi analyst Michael Ward initiates coverage on Lucid Group Inc. (NASDAQ: LCID) with a Buy rating and a price target of $17.00.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $3.77. The 6 analysts who set a target in the last 3 months range from $3 to $9, with a median of $4.50. This $17 target is 278% above the median, the highest on the Street.

Since the note LCID has moved −63% (from $10.32). 12-month window: day 238 of 365, closes on March 18, 2027.

Track record

This callOpen: LCID has not reached $17 yet. This 12-month target is scored on March 18, 2027.

Firm track recordCiti: 88% of its 43 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →

Citi on Lucid

Citi price targets on Lucid

5 calls from April 22, 2024 to November 11, 2026. The target went from $29.00 to $9 (−69%). The rating moved from Hold to Buy.

Citi targetLCID share price
  1. November 11, 2026Target cut from $11 (−18%)Buy$9
  2. August 18, 2026Target cut from $14 (−21%)Buy$11
  3. May 15, 2026Target cut from $17 (−18%)Buy$14
  4. March 18, 2026 This noteUpgraded to Buy, target cut from $29.00 (−41%)Buy$17
  5. April 22, 2024Earliest call shownHold$29.00

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

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% Morgan StanleySell Cut price target −40%, kept ratingCut target Oct 15 $3from $5−40%
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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.