Wall Street forecasts 55% upside for Lucid stock in a year

In what has been a lackluster year for Lucid (NASDAQ: LCID) stock in terms of performance, the EV manufacturer has reported falling sales of its vehicles quarter after quarter, managing to sell just 6,000 units in 2023.This disappointing sales performance has eroded investor confidence, contributing to a marked decline in LCID’s stock value. Over the last year, the stock plummeted by -72%, reflecting the market’s growing skepticism about the company’s profitability and growth trajectory.Lucid’s stock saw an ...