Cantor Fitzgerald reiterated its “Neutral” rating on Lucid Group (NASDAQ: LCID) on October 12, with an $8 Lucid stock price target, which implies 130% upside from its current share price of $3.44.
The call followed the electric vehicle maker’s partnership with European ride-hailing platform Bolt, which is set to develop and deploy new autonomous vehicles (AV).
Analyst Andres Sheppard sees the fleet partnership as a potential catalyst for Lucid, and he argues that liquidity is going to fund the business well into next year.
Specifically, Bolt is targeting an initial fleet of approximately 25,000 vehicles across multiple European markets, using Lucid’s upcoming Midsize platform.
The longer-term goal is to deploy approximately 100,000 self-driving vehicles by 2035, and it complements Lucid’s partnership with Uber (NYSE: UBER), which now targets more than 35,000 vehicles over six years.
RBC lowers its Lucid stock price target; Baird neutral
In separate news, RBC Capital lowered its Lucid share price forecast from $7 to $4 but kept a “Sector Perform” rating.
The cut came as part of the company’s assessment of third-quarter performance in the industry.
Lucid’s financial position remained a key consideration. The company reported approximately $3 billion in total liquidity as of the second quarter, which management expects will fund operations well into 2027.
The carmaker also faces operational challenges. Namely, third-quarter 2026 vehicle deliveries fell short of market expectations, which also led to Baird maintaining its Neutral rating and $6 price target days prior.
Wall Street is neutral on Lucid
Overall, Wall Street appears neutral on Lucid. That is, while the average LCID price forecast for the next 12 months is currently $7.69, which suggests a 123% upside based on TipRanks figures, the consensus rating is “Hold.”
The rating is the average of a total of 11 calls over the past 90 days, of which one was a “Buy,” seven “Holds,” and three “Sells.” As for the individual price targets, they range from $3.5 at the lowest end to $17 at the highest.
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