The company has plans to expand into the European and Middle Eastern markets and if it’s successful, these predictions could be on the right track. If all goes to plan, then 2024 could see LCID trading between $70 – $80. It’s important to remember that longer term predictions are more speculative. However, some have and we’ve provided a brief summary for the rest of the decade. While most investors take a long term view of their stock holdings, most analysts don’t tend to provide forecasts longer than a couple of years. 2023 is expected to be an important year for the company and these Lucid Group stock forecast could be blown out of the water as it is when it’s Galaxy SUV is expected to be sold. That’s just a few dollars higher than Itay Michaeli of CitiGroup’s $57 prediction.
Using the same 57% growth estimate from 2022, would see Lucid Motors’ stock reach $66 in 2023. However, not all experts are so bullish on the stock, BITG Research expects its price to halve and reach $14. Although it’s still short of the company’s all-time high of $57. That’s the average growth estimate from the latest 6 analyst forecasts. LCID’s stock could rise to $41.20 in 2022 if it grows by 57%. Below, we have provided a summary of predictions for the next two years. One analyst who thinks LCID may underperform thinks its price will drop down to $14. The most bullish of Lucid stock price forecasts predicts a high price of $60, while less optimistic targets sit at $38. With most analysts agreeing that Lucid Motors’ price will rise, how much it will rise by is open to debate. Lucid’s Air sedan is already the longest-range electric vehicle, even ahead of Tesla in some areas. I think it’s somewhat somewhere between a combination of Tesla and Ferrari” John Murphy, Bank of America $30 target Fundamentally, we are constructive on the Lucid story and its position in the EV/Car of the Future theme” Itay Michaeli, Citi Group $57 target We have collected a selection of quotes from the most prominent expert options on the future of the stock, helping you gain an insight into what the analysts think.
StockĪnalyst price targets for Lucid stock, updated September 2022 Expert forecasts on the future of Lucid Motors (LCID) In the table below we’ve summarised the most recent targets and provided an average. Only one analyst thinks LCID will fall and has a sell rating for the company. Some are expecting a large move higher, while others predict a slower climb. The majority of experts who have shared their targets for Lucid are of the opinion that its stock is a buy. Continue reading to learn more and use these predictions to help time your investment into the company. We have compiled a selection of price targets for LCID stock for both the short and long term. This page explores what the future for Lucid Motors (also known as Lucid Group, Inc.) may look like according to leading experts. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. Invezz is an independent platform with the goal of helping users achieve financial freedom.
0 kommentar(er)
