What is the target price for lucid stock?

Wall Street hasn’t started covering Lucid stock, so there isn't a consensus target price to look at right now. However, the stock’s outlook is promising. The company looks to be on a long-term growth trajectory. For example, Lucid predicts its revenue to grow from $2.2 billion in 2022 to $23 billion in 2026. Will LUCID stock reach $100?

Will Lucid Motors stock reach $100 in 2021?

For Lucid stock to reach $100 from the current price, it would need to rise 270 percent. It might not get there in 2021, but that price milestone looks attainable in one or two years from now. LCID stock should take off after the company starts to report significant vehicle delivery numbers. Is Lucid Motors stock a good investment?

Will lucid meet its 2022 revenue estimates?

If Lucid were to meet its 2022 estimates, the resulting $2.2 billion in revenue pales in comparison to the stock's hefty $64 billion market cap. LCID Revenue Estimates for Next Fiscal Year data by YCharts. The stock's forward price-to-sales ratio is nearing 30, topping Tesla's P/S of 20 despite Lucid having much to prove at this point.

Is LCID stock a good value?

Although far cheaper than it was at its high-water mark, LCID stock is pricey relative to the company’s current operating results. Lucid at current prices sports a $16 billion market cap, against trailing 12 month losses of around $1.9 billion, and a tangible book value of $3.2 billion.