Wall Street sets Lucid stock price target for the next 12 months

Despite the massive backing from the Saudi Public Investment Fund (PIF), numerous partnerships aimed at revitalizing the business, and the high hopes for the Gravity model, Lucid Motors’ (NASDAQ: LCID) stock performance can, at best, be described as lackluster.Specifically, having significantly underperformed the promises made during its initial public offering (IPO), the electric vehicle (EV) maker struggled through 2024, ending the year 27.23% in the red at $3.02.The start of 2025 did not prove much bette ...