Lucid Group (LCID, Financial) has received a revised price target from investment firm Baird, which has increased its projection to $3 from the previous target of $2. Baird has maintained its Neutral rating on the electric vehicle manufacturer's shares.
This adjustment comes after Baird updated its financial model in response to Lucid Group's recent Product Spotlight event. The event provided insights that influenced the firm's outlook, leading to the recalibration of their stock expectations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Lucid Group Inc (LCID, Financial) is $2.59 with a high estimate of $5.00 and a low estimate of $1.00. The average target implies an upside of 8.95% from the current price of $2.38. More detailed estimate data can be found on the Lucid Group Inc (LCID) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Lucid Group Inc's (LCID, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lucid Group Inc (LCID, Financial) in one year is $10.10, suggesting a upside of 324.37% from the current price of $2.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lucid Group Inc (LCID) Summary page.
