LCID - Lucid Stock Has 14% Upside According to 1 Wall Street Analyst
2024-04-24 15:10:19 ET
There's no question that Lucid Group (NASDAQ: LCID) has struggled of late. Like much of the electric vehicle (EV) industry , the stock price is down on disappointing sales results and industrywide price cuts. The price has fallen nearly 64% over the past year.
However, at least one Wall Street analyst sees some upside to the luxury EV maker. Citigroup recently resumed coverage of Lucid stock with a neutral rating and a price target of $2.90, giving it a 14% upside over the next 12 months from its current level.
Image source: Lucid.
For further details see:
Lucid Stock Has 14% Upside, According to 1 Wall Street Analyst