Can Lucid stock hit $20 in 2024?

Recent enhancements to the macroeconomic outlook have instilled confidence among investors, pointing towards a potential preference for riskier assets, particularly stocks, in the upcoming twelve months. Bolstering this sentiment are the Federal Reserve’s recent announcements of plans for three rate cuts in 2024, marking the first such moves since 2020. This optimistic backdrop has ignited hopes of a rally in speculative growth sectors, including electric vehicles (EVs). Against this backdrop, can the embat ...