- Lucid Group collaborates with Uber and Nuro to deploy 20,000 autonomous SUVs over six years.
- Wall Street analysts project a 11.94% downside for Lucid with a current Hold recommendation.
- GuruFocus estimates a potential upside of 196.05% from the current price based on GF Value.
Lucid Group (NASDAQ: LCID) is making headlines with its recent strategic collaboration with Uber and Nuro. This partnership aims to integrate 20,000 Lucid Gravity SUVs embedded with Nuro's advanced L4 autonomous technology into Uber's network over the next six years. The initial phase of vehicle testing has commenced in Las Vegas, with plans to officially launch in a major U.S. city next year.
Wall Street Analysts' Forecast on Lucid Group
As per the one-year price targets from 13 analysts, Lucid Group Inc (LCID, Financial) is projected to hit an average price target of $2.68. This estimate sees a potential downside of 11.94% from the current stock price of $3.04. Analysts offer a high target of $7.00 and a low of $1.00. Investors seeking detailed projections can explore the Lucid Group Inc (LCID) Forecast page for more information.
The consensus from 16 brokerage firms positions Lucid Group with an average recommendation of 3.2, aligning with a "Hold" status. The recommendation scale ranges from 1, indicating a Strong Buy, to 5, suggesting a Sell.
Evaluating Lucid's GF Value Potential
According to GuruFocus' proprietary GF Value metric, Lucid Group Inc (LCID, Financial) is estimated to reach a value of $9.00 in one year. This reflects a projected upside of 196.05% from its current price point of $3.04. The GF Value is a pivotal indicator for investors, representing the fair value at which the stock should trade, derived from historical trading multiples, prior business performance, and anticipated growth. For a comprehensive analysis, investors are encouraged to visit the Lucid Group Inc (LCID) Summary page.
