Analysts’ goals and forecasts • Benzinga

Analysts say Lucid Group could reach $6.64 by 2030. Are you bullish on LCID? Invest in Lucid Group on SoFi with no commissions. If this is your first time registering with SoFi, You will receive up to $1,000 in stock when you first fund your account. Plus, get a 1% bonus if you convert your investments and hold them until December 31, 2025.

Lucid Group (NASDAQ: LCID) has had a long rough patch after the stock’s meme moment four years ago sent the stock up more than 400%. Since then, shares have given up almost all of those gains, as the luxury electric car maker loses ground to rivals. With the stock down enough to be at risk of delisting, the company initiated a 1-for-10 reverse split.

Most analysts are cautious on LCID, with price forecasts for 2026, 2027 and 2030 showing a long-term downside for the electric car maker. In this article we’ll take a look at Lucid’s current valuation and the challenges it faces in finding and maintaining a permanent place in the electric vehicle market.

Overview of current inventory

• Market value: 2.69 billion dollars
• Trailing P/E ratio: nothing
• Forward P/E ratio: nothing
• 1 year return: -64%
• 2026 to date: -26%

Lucid shares are trading at more than $8 as of April 2026. The stock is down more than 26% year to date and has been a bumpy ride for investors. However, the stock is trading at a 3.04 P/S ratio which is roughly half of what it was a year ago, suggesting that Lucid shares are becoming more affordable.

Lucid stock began trading after the split in September 2025. While investors are generally excited about a traditional stock split, a reverse split is the opposite because it indicates that the company is not financially stable. This does not affect the intrinsic value, but is usually a last resort to prevent delisting.

However, recent third-quarter results showed some promise. Lucid produced 3,891 electric vehicles and delivered 4,078 vehicles in the quarter, representing significant year-over-year growth in both production and delivery. Revenues also increased by 68% compared to the same period last year, reaching approximately $336.6 million. Other highlights included ongoing strategic partnerships — such as Uber’s robotics engineering fleet and collaboration to develop self-driving technology — and total liquidity that would have reached about $5.5 billion after an expanded credit facility, giving it an ample cash runway.

At the same time, broader industry incentives such as the federal EV tax credit program are declining, which could hurt sales in the future. Lucid is also still burning through cash at a rapid pace. The electric vehicle maker reported a net loss of about $814 million in the fourth quarter of 2025, and despite overall annual revenue growth, the company continues to operate well in the red. Lucid currently loses money on every car sold, making its business model’s long-term path to profitability uncertain.

LCD It has a consensus Sell rating, with an average price target of $9.99 based on 15 analyst ratings. The highest recent forecast is $30, and the lowest is $1 before the split. The three most recent valuations suggest an average near-term target of $13.67 (split-adjusted), which implies an upside of 56%.

Snapshot table of forecasts

The case of the bull and the bear

Lucid was a top-performing stock during the EV meme craze, but its fall from grace will be hard to overcome. These are some up and down points to consider.

Taurus case

• The electric vehicle industry is expected to maintain a compound annual growth rate of 6.01% from now until 2029.
• Lucid expects sales to reach 171,000 units annually by 2030.
• Lucid’s EV/Sales ratio is around 3.8-4.1 which is lower than its recent 3-year average of around 9.4
• Lucid expects to launch a low-cost mid-size SUV in 2026, which could attract more customers

Bear case

• Lucid is burning cash based on its extremely negative profit margin, which remains in the bottom tier of its industry with a net profit margin of about -290.7% in Q3 2025.
• Regular net losses could cause the company to raise additional funds, which would further dilute shareholders.
• Competitors like Tesla and BYD are taking market share from Lucid.
• Its production ramp is facing delays.

Stock price predictions for 2026

This price point indicates a moderate uptrend from current levels. Lack of profits and a small market share are big headwinds that the electric car maker will have to overcome on its way to these forecasts.

Stock price predictions for 2027

As investors focus more on a company’s financials and less on its potential, the stock risks staying put or sustaining some losses. The average price target indicates modest gains from current levels.

Stock price forecasts for 2030

CoinCodex’s average projected price target indicates that analysts have a lot of doubts about Lucid’s ability to capture market share from competitors and remain financially solvent amid massive losses.

The average price target indicates a moderate decline from current levels. The average price target is a CAGR of -0.4% over five years.

Investment considerations

Lucid presents several red flags that indicate investors should be careful. The company is burning through cash and not doing enough to make meaningful ground against larger rivals like Tesla and BYD. LCID price forecasts assume the worst, and it’s understandable why analysts feel this way. Higher revenues and higher delivery numbers are among the few positives in the second quarter as the company continues to face serious cash constraints.

Key risks: Lucid loses market share to other EV giants, solvency becomes less likely, EV market loses steam as EV tax credits stop, taxi partnerships don’t go as planned, delivery growth stalls.

Lucid is best suited for investors who are not afraid of losing their money. The stock is highly speculative, and there may still be price appreciation. However, the fundamentals are unattractive.

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