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Lucid Motors Price Predictions: Can LCID Stock Really Reach $30?

investorplace2021-09-18

Lucid Motors(NASDAQ:LCID) is having a booming day as it continues to rebound from an early September slump. The stock is moving upwards after receiving an attractive rating from Bank of America. With institutional investors on its side once again, and a new EPA rating, investors stand to wonder where LCID stock will go. Hence, Lucid Motors price predictions are in high demand.

It’s inarguable that Lucid is rallying in hopes of becoming the next Tesla(NASDAQ:TSLA). But Tesla is vastly more storied, has more experience getting cars on the road, and it has a superstar CEO with massive ambitions for the market. However, that’s not to say it has perfect vehicles. The cars themselves are the most important part, and with Lucid’s newest EPA rating, it’s putting Tesla in the hot seat.

As the company announced yesterday, the Environmental Protection Agency awarded the Lucid Air Dream Edition Range with a 520-mile range. That’s by far the longest range for an electric vehicle on a single charge. For reference, Tesla’s longest-range vehicle only offers about 412 mileson a single charge. Lucid is creating an obvious edge for itself.

Lucid Motors Price Predictions Surge on Bank of America Rating

Following this announcement, LCID stock is getting the benefit of a new Bank of America note. The analyst calls the brand a “combination of Ferrari and Tesla,” and is putting a hefty rating on LCID stock. The bullish price point of $30 is in and of itself inciting buying interest. In the early hours of today’s session, trading volume of LCID is over 40 million shares. Shares are increasing 10% on the news.

What do analysts at large think of LCID stock? Is it built to last? Is $30 much too optimistic? Let’s take a look at some Lucid Motors price predictionsto get an idea of broader sentiment:

  • Of course, bringing in all of the news today is John Murphy’s price target out of Bank of America. Murphy gives the stock a strong “buy” rating and a $30 price target.
  • Also bullish on LCID is Itay Michaeli, an analyst at Citigroup. Michaeli targets a price of $28 for LCID.
  • Adam Jonas is a known bear on LCID stock. The Morgan Stanley analyst is has a “sell” rating on LCID, anticipating a drop in price down to $12.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment112

  • Tinktink
    ·2021-09-19
    Great
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    • dho
      Go
      2021-09-19
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  • ramius75
    ·2021-09-19
    ?
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  • pandaroar
    ·2021-09-19
    Pure speculation at this stage until they actually start making some revenue.
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  • BlueDaisy
    ·2021-09-19
    I won't short it but I am with the bear for this one
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  • Aoyjai
    ·2021-09-19
    I prefer to go with Tesla/nio/xpeng 
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    • BlueDaisy
      Agree!!
      2021-09-19
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  • PanaCota
    ·2021-09-19
    Ok
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  • BBBBBBBBBB
    ·2021-09-19
    Ok
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  • Tiramisu2020
    ·2021-09-19
    Like
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  • kukumolu
    ·2021-09-19
    Dip lower
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  • 陈河马
    ·2021-09-19
    Yes!!!
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    • kukumolu
      hmm
      2021-09-19
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  • HoeMeng
    ·2021-09-19
    300
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  • Annalz
    ·2021-09-19
    surely can??
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    • HoeMeng
      Yeah
      2021-09-19
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  • WilliamFish
    ·2021-09-19
    Done
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  • GoodnRich
    ·2021-09-19
    [Smile] 
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    • Bluetan
      ??
      2021-09-19
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  • Wooloo123
    ·2021-09-19
    Oo 
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  • sh99
    ·2021-09-19
    in new hv
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    • sh99
      us jc hv
      2021-09-19
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  • Rickyt089
    ·2021-09-19
    Like pls
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    • Tiramisu2020
      like
      2021-09-19
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    • dandan_4896
      10 Jalan Tampang, Singapore 758954
      2021-09-19
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  • Ermmmmmm
    ·2021-09-19
    Could it be the Nikola last year ? 
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    • Jo5tarz
      [捂脸]
      2021-09-19
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    • Khoo12
      [Duh]
      2021-09-19
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  • MeiQuen
    ·2021-09-19
    Yes
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    • dandan_4896
      10 Jalan Tampang, Singapore 758954
      2021-09-19
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  • Ahsiang
    ·2021-09-19
    Sure bo
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