RBC Capital lowered its price target on Lucid Group (NASDAQ: LCID) from $8 to $7 while maintaining a ‘Sector Perform’ rating on July 13.
As part of a broader preview of second-quarter results for global automakers, analyst Tom Narayan said that elevated fuel prices could encourage U.S. consumers to shift toward smaller, more fuel-efficient vehicles rather than electric vehicles (EV).
In addition, Narayan noted that U.S. vehicle demand remained resilient during the first half of 2026 despite macroeconomic uncertainty stemming from the Middle East. Accordingly, RBC also expects some automotive suppliers to raise their guidance for the second quarter.
Although raw material costs continue to climb, the firm also believes that suppliers will be able to pass those higher costs on to original equipment manufacturers (OEMs).
The new $7 LCID share price target still implies around 50% upside potential from the current price of $4.62 as of press time, July 15.
Cantor Fitzgerald remains ‘Neutral’ on Lucid
Cantor Fitzgerald reiterated its Neutral rating and $8 Lucid stock price target on July 14 after the EV maker denied recent rumors suggesting it was considering a Chapter 11 bankruptcy.
Lucid said the reports were ‘completely false, and Cantor analyst Andres Sheppard said that it has sufficient liquidity to fund operations well into next year. Moreover, management claimed that it has not established a special board committee to evaluate the reported scenarios.
At the end of the first quarter, Lucid reported approximately $3.2 billion in total liquidity. Since then, it has raised an additional $1.05 billion in capital, including a $550 million investment from Ayar Third Investment Company, a $200 million investment from Uber, and a $300 million public stock offering. Overall, Sheppard estimates Lucid has about $4.7 billion in pro forma liquidity.
Cantor’s new Lucid Motors stock price target suggests a nearly 75% upside from the current levels.
Wall Street’s Lucid stock target price
While the bankruptcy rumors are weighing heavily on the stock – it is down 16% on the day at the time of writing – Wall Street collectively sees the price rallying around 100% to $9.63 in the span of a year, according to 11 research notes available on TipRanks.
Eight of the aforementioned analysts recommend ‘Holding,’ two suggest ‘Selling,’ and just one argues the stock is a ‘Buy.’ The overall consensus on Lucid is, therefore, ‘Hold.’
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