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Lucid Group Inc. (LCID), currently trading at $2.76 per share, has faced significant challenges, including a 2.12% decrease in revenue to $595.27 million in 2023 and a 116.8% increase in losses, totaling $2.83 billion.
Despite these setbacks, the company is expanding its product lineup with the introduction of the Gravity SUV, aiming to broaden its market appeal.
Analysts have set a 12-month average price target of $3.07, with estimates ranging from $2.00 to $4.00, indicating a cautiously optimistic outlook.
If Lucid successfully executes its expansion strategy and improves financial performance, the stock could appreciate to $3.50–$4.00 by the end of 2025. Conversely, continued financial difficulties may limit the stock's performance to the $2.00–$2.50 range.
Analysts have varied forecasts: some predict modest growth, with price targets around $4.95 in the near term, while others are more optimistic, envisioning prices reaching $7.43 by 2025 and potentially $28.89 by 2030.
These projections are contingent upon Lucid's ability to scale production, manage costs effectively, and capture a substantial share of the luxury EV market. However, it's important to note that some analyses are less optimistic, suggesting potential declines if challenges persist.
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