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Lucid Group’s consensus analyst price target has been revised modestly downward from $24.28 to $23.25, a move driven entirely by the mechanical impact of its 1-for-10 reverse stock split, with no change in underlying fundamentals or analyst sentiment.

Analyst Commentary

• Recent price target adjustments are almost entirely a mechanical response to Lucid Group’s 1-for-10 reverse stock split, effective September 2, which consolidated 3.07B outstanding shares into 307.3M.
• The stock split aimed to increase the share price proportionately without changing the underlying company valuation or fundamentals.
• Both bullish and bearish analysts maintained their current recommendations (Hold or Neutral) on Lucid post-adjustment, signaling continued caution.
• No new company-specific operational improvements, financial results, or demand trends were cited as drivers of the price target changes.
• The changes represent cosmetic revisions to reflect the new share count and higher nominal share price post-split, not a re-assessment of Lucid's business outlook.

What's in the News

• Lucid Group (LCID) is facing intensified competition in the global electric vehicle market, with Xpeng planning to launch its mass-market "Mona" brand internationally and signaling potential M&A activity in the sector (CNBC).
• Canada is expected to maintain tariffs on U.S. automobiles even as it drops other U.S. tariffs, which may impact automakers like Lucid Group in terms of cross-border trade and costs (Bloomberg).
• The National Highway Traffic Safety Administration's halt on regulatory EV credits has delayed $100M in revenue for Rivian and also harmed Lucid, as both depend on these credits for additional income (Wall Street Journal).
• Ongoing trade tensions and tariff policies between the U.S. and Canada continue to create an uncertain operating environment for automotive manufacturers, including Lucid Group (Bloomberg).
• The Zero Emission Transportation Association has petitioned the U.S. Court of Appeals to intervene and reopen the regulatory credit market, a move that could benefit Lucid if successful (Wall Street Journal).

Valuation Changes

Summary of Valuation Changes for Lucid Group

• The Consensus Analyst Price Target has fallen slightly from $24.28 to $23.25.
• The Future P/E for Lucid Group has fallen from 39.26x to 37.13x.
• The Consensus Revenue Growth forecasts for Lucid Group remained effectively unchanged, moving only marginally from 82.4% per annum to 83.3% per annum.