Many investors may still find the stock appealing as a long-term comeback play given that shares are still trading at historically low levels. After all, even if it doesn’t succeed in becoming the next Tesla, additional development over the following five years might be able to send it back to the moon.
The value of Lucid stock is projected to be around $240 over the next ten years, with potential growth if the rate at which vehicles are sold increases.
But hold on, closer examination reveals that there is still a significant chance that the stock will spend years in the stock market dump.
A Recipe for Underwhelming Returns
LCID stock is expensive in comparison to the company’s most recent operating results, despite being significantly less expensive than it was at its peak. With current prices, Lucid has a market cap of $16 billion, $1.9 billion in losses over the past 12 months, and a tangible book value of $3.2 billion.
Since a large portion of Lucid’s valuation is still based on potential for the future, the company must perform spectacularly over the next five years for the stock to rise significantly. It might be difficult to even meet current expectations.
As I pointed out recently, Rivian Automotive (NASDAQ:RIVN), another would-be Tesla killer, with a sizable backlog of preorders. The number of reservations for Lucid, however, has been declining. After 2023, the slowing economy may no longer be a contributing factor, but the competition between Tesla and the established automakers may still be present.
Even worse, if unprofitability persists, the stock price may suffer. Like the $1.5 billion offering that was completed in late December, it might lead to more dilution-causing capital raises. Future potential returns may be constrained by this dilution.
LCID Stock Forecast
Lucid Stock Forecast 2023
According to the expert’s research, the average price in 2023 may cross $38.03, with low and high prices of $26.08 and $49.99, respectively. In 2024, the Lucid price may reach around $71.99.
Lucid Stock Price Prediction 2024
The Russia-Ukraine war may be one of the reasons why the Lucid stock has reversed since November 2021, but if there is positive market momentum by 2024, the Lucid stock may rise again.
As a result, the minimum and maximum Lucid stock prices in 2024 might be $42.34 and $71.99, respectively. Consequently, $57.16 may be the average Lucid cost.
Lucid Stock Price Prediction 2025
If the potential and interest rate are sustained, Lucid Motor expects its stock price to increase in 2025. Here, the minimum stock price is expected to be $56.12, while the maximum price may be $79.93.
In the years to come, experts predict that the Lucid stock will continue to rise and make more money.
In 2026, the Lucid price may reach a maximum of $100.13. If the market fluctuates, the price may be around $94.19, and the total average price of Lucid stock in 2026 may be $97.16.
The stock could steadily gain momentum and hit $111.07 in 2027. If the market is healthy and the business consistently outperforms expectations, the price could reach about $120.79.
The experts expect Lucid Motors stock to trade between $131.14 and $150.55 in 2028.
Lucid Motors Stock Forecast 2030
If demand for Lucid Motors’ vehicles remains high, the stock price may be between $191 and $201.45 in 2030.
It is anticipated that the company will be valued at close to $200 billion overall. In 2030, Lucid motors may still cost an average of $196.27.
Lucid Stock Price Forecast 2035
During the year 2035, the The price of Lucid stock may continue to range between $306.02 and $323.64, assuming that the market remains robust in every way. Additionally, for the company to maintain a price of $314.83 on average in 2035, it must consistently perform well.
Lucid Motors Stock Price Prediction 2040
Beginning in 2040, the price of Lucid stock could be $403.31. After that, at the end of 2040, the cost might reach $449.65. The total average for the year might be $426.48.
The cost may range from $534.23 to $586.77 in 2045. As a result, the lower price could be $534.23, the highest price could be $586.77, and the overall expected average would be $560.5.
Conclusion
The Lucid stock price forecast for the years 2023, 2024, 2025, 2030, 2035, 2040, 2050, and 2060 has been covered in this guide. Please share your thoughts in the comment section regarding the Lucid stock’s projected price.
FAQs
Who Are the Competitors of Lucid Group Incorporation?
BMW, Zoox, Tesla, Karma Revero, Mercedes, Rivian Automotive, and Audi are the top rivals of Lucid Group.
What is the Price of Lucid Air?
The Lucid Air model had a starting price of $87,400. It is now offered in the Lucid Air Touring, Lucid Air Grand Touring, and Lucid Air Sapphire models. The cost of each model ranges from US$107,400 to US$249,000.
Who is the CEO of Lucid Group?
Peter Rawlinson serves as the Lucid Group CEO.
Is Lucid a Long-term Investment Stock?
Although you are aware that every business has some risks, Lucid has the potential to be profitable in the long run.
Can Lucid Beat the Top-growing Company, Tesla?
While Tesla has been a well-known automobile manufacturer since 2003, Lucid is a more recent entrant to the market. After Tesla, people have gone crazy.
It is therefore unlikely that Lucid Motors will surpass its rate of car production and sales. For Lucid to defeat the Tesla, 50 times more work is required.
