Wall Street sets Lucid stock price for next 12 months

One might say that the last 12 months sent the shares of the luxury electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) to the pits. Throughout 2023, the company was forced to implement measures such as a $10,000 cashback program on new cars, got kicked off the Nasdaq 100 index, and, in early 2024, fell to all-time lows.Not all has been doom and gloom for the company, however, particularly in the last few weeks. After continuously falling to ever-greater lows, the company entered into a meme-stock-like ...