The share price of electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) is likely to see more upside and could clinch the crucial $3 resistance spot by the end of March, according to insights from an artificial intelligence (AI) tool.
The projection comes as LCID exhibits short-term strength, attempting to put behind the losses that have characterized the stock in recent months.
Specifically, Lucid ended the last trading session up 2.8%, valued at $2.15. On both a weekly and year-to-date basis, LCID stock remains in the red, down 5% and 29%, respectively.
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AI predicts Lucid’s stock price
Regarding the stock price projection, Finbold’s artificial intelligence tool projects Lucid will likely trade at an average price of $3.01, reflecting a potential 40.12% upside on March 31.
Among the models deployed by the tool, ChatGPT-4o Mini is the most bullish, predicting a 62% increase to $3.50, citing strong momentum and a possible golden cross formation. Conversely, ChatGPT-4o presents the most bearish scenario, forecasting a 16.28% decline warning of a continued downtrend.
Other models, such as Grok 2 Vision and Gemini 1.5 Flash 002, project more moderate gains of 48.84% and 32.56%, respectively, based on stable momentum and favorable macroeconomic conditions.
Lucid stock fundamentals
If the price prediction is realized, it would be a welcome move for the stock, considering it has faced increased volatility amid a multitude of challenges as the company struggles in the competitive EV space.
Adding to these challenges is that Lucid is navigating a pivotal transition, with CEO Peter Rawlinson stepping down and handing the reins to interim CEO Marc Winterhoff.
The leadership change comes as Lucid aims to more than double its vehicle production to 20,000 units in 2025, a crucial move for the struggling EV manufacturer. Interestingly, in the wake of this projection’s announcements, Lucid investors didn’t seem convinced the company had the capability to meet such a target, with the equity correcting.
Despite this ambitious target, Lucid’s financial fundamentals remain shaky. The company posted a $636.9 million net loss in Q4 2024, though revenue of $234.5 million slightly exceeded analyst expectations. Slower EV adoption and policy uncertainties under the Donald Trump administration have weighed on the stock.
At the same time, analysts remain cautious about Lucid’s financial outlook, with projected net losses narrowing slightly in 2026. For 2025, analysts forecast an EPS of -$0.86, an improvement from the previous year’s -$1.25 EPS. By 2026, losses are expected to shrink further to -$0.64 EPS.
On the revenue side, Lucid is expected to see strong growth. 2025 revenue is estimated at $1.57 billion, a 94.27% increase from the prior year. In 2026, sales are forecasted to surge 82.46%, reaching $2.86 billion.
Despite growing revenue, the EV maker’s path to profitability remains uncertain, as analysts still expect negative earnings through 2026. Investors will be watching whether the company can scale efficiently and improve margins with upcoming models.
Lucid’s fate will largely hinge on production execution, demand for its new Gravity SUV, and continued backing from Saudi Arabia’s Public Investment Fund.
Analysts take on LCID stock
Elsewhere, Wall Street analysts are offering a mixed outlook on Lucid stock. For example, Benchmark analysts remain bullish, maintaining a ‘Buy’ Rating with a $5 price target. They cite Lucid’s strong financial position and plans to scale up production.
However, CFRA downgraded Lucid from ‘Strong Sell’ to ‘Sell,’ maintaining a $1 price target due to ongoing financial struggles and high production costs.
BofA Securities also cut its rating to ‘Underperform,’ citing concerns over project delays. At the same time, Stifel and Cantor Fitzgerald held a more neutral stance, setting a $3 target and emphasizing the importance of Lucid’s Gravity SUV launch.
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