- Lucid Motors partners with King Abdullah University to advance sustainable mobility.
- Analysts estimate a potential high price of $5.00, with a hold recommendation.
- GuruFocus forecasts a significant upside with a GF Value estimate of $10.55.
Lucid Motors Expands Innovation through Strategic Partnership
Lucid Motors (LCID, Financial) is taking a significant stride forward by collaborating with King Abdullah University of Science and Technology. This strategic partnership aims to elevate Lucid's technology roadmap by developing state-of-the-art vehicle components. Leveraging a broad range of engineering expertise, this initiative supports Saudi Arabia's ambitious goals for sustainable mobility.
Wall Street's Perspective on Lucid's Potential
In terms of financial projections, 13 analysts have set their one-year price targets for Lucid Group Inc (LCID, Financial). The average target stands at $2.53, with a high projection of $5.00 and a low of $1.00. This suggests a potential downside of 0.09% from the current trading price of $2.53. For more in-depth data and insights, visit the Lucid Group Inc (LCID) Forecast page.
Brokerage Recommendations
According to the consensus from 16 brokerage firms, Lucid Group Inc (LCID, Financial) maintains an average recommendation of 3.2 on a scale where 1 indicates Strong Buy and 5 signifies Sell, translating to a current "Hold" status for the stock.
GuruFocus Evaluation Indicates Potential Growth
From GuruFocus's analytical perspective, the estimated GF Value for Lucid Group Inc (LCID, Financial) suggests a noteworthy upside of 317%, forecasting a future valuation of $10.55 from the current price of $2.53. The GF Value metric reflects what is considered the fair market value of the stock, derived from historical trading multiples, past growth, and future business performance estimates. For comprehensive analysis, explore the Lucid Group Inc (LCID) Summary page.
