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Lucid stock could double in 12 months amid new CEO, Saudi factory, and robotaxi deals.

Analyst Insights
21 Sep 2026
24/7 Wall Street
View Source
Bullish
Lucid stock could double in 12 months amid new CEO, Saudi factory, and robotaxi deals.

Lucid's stock has dropped over 80% in the past year, but new leadership, a Saudi Arabian factory, and partnerships for robotaxi services with Bolt and Uber are driving optimism. The company aims to improve cash flow by $1.4 billion in 2026 and expand autonomous vehicle deployment in Europe and Saudi Arabia. Analysts see potential for the stock to rise from $4.09 to $8.78 within a year, with a bullish scenario reaching $14.47. Risks include negative equity, high cash burn, and potential dilution, but the overall outlook suggests significant upside if key projects succeed.

Lucid stock trades at USD 4.15 on Pluang as of Sep 21, 2026, 18:51 WIB, showing a 1.47% gain for the day. The company’s market cap is $1.61 billion with a volume of over 15 million shares. Investors hold Lucid shares for an average of 44 days on the platform, reflecting active trading interest.

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