Despite skyrocketing over 70% in January, Lucid (NASDAQ: LCID) has been going through some tough times, sinking nearly 22% in February and continuing to decline further in March. However, the artificial intelligence (AI) tool ChatGPT sees improvement for the electric vehicle (EV) producer’s stock by the end of the decade.
Specifically, Finbold asked the AI tool to provide a general possible trading range of the LCID stock by 2030, taking into account the EV demand, the company’s performance over time, as well as available historical data, technical analyses (TA), and chart patterns, analyst predictions, and other factors.
After dutifully acknowledging that “predicting the future price of a stock like Lucid (LCID) can be challenging as it depends on various factors,” ChatGPT provided two possible scenarios for LCID – bullish and bearish, providing possible trading ranges for both.
What ChatGPT said
In terms of specific numbers for the best-case scenario, the AI tool predicts a $300-$400 range by 2030:
“Bullish Scenario: If Lucid continues to grow rapidly and capture a significant market share in the electric vehicle (EV) industry, and if the overall market conditions remain favorable, LCID stock could potentially reach a price range of $300-$400 by 2030.”
At the other end of the spectrum, a bearish scenario for LCID, according to ChatGPT, would include a trading range of $50-$100 (which would still represent an improvement to the stock’s price at press time):
“Bearish Scenario: If Lucid faces significant competition in the EV market or struggles to achieve its growth targets, LCID stock could potentially trade within the range of $50-$100 by 2030.”
LCID price prediction for 2026
At the same time, PandaForecast, the finance prediction platform that uses neural networks, historical data, technical and fundamental analysis, as well as world geopolitical and news factors, has set the price of LCID at $11.94 by December 2026, with the bearish target level at $10.84 and the bullish target standing at $13.20, stating that the negative dynamics would prevail with possible monthly volatility of 17.86%.
Besides the AI stock price prediction, it is also essential to weigh in the thoughts of industry experts who analyze the stock daily. Lucid has received a recommendation of ‘buy’ from the analysts on Wall Street, with four recommending a ‘strong buy,’ one weighing toward ‘strong sell,’ and five recommending to ‘hold’ based on its performance over the past three months, according to the TradingView data retrieved on March 9.
LCID stock price analysis
At press time, the price of LCID stock stood at $8.34, recording an increase of 0.36% over the last 24 hours and a day range of $8.44-$8.15. In the last month, it has been trading in the $11.72-$8.325 range, with a 52-week range of $28.14-$6.09.
Whether LCID manages to meet the expectations of either ChatGPT or other price predictions remains to be seen, and will depend on the company’s development and success against its competition, the adoption of EVs, as well as the wider macroeconomic climate on the stock market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.