LCID earns a BUY rating with an $8.84 target, though the bull case projects $14.51 if Napoli's Robotaxi launch and $1.4 billion cash plan execute on time. RIVN's positive gross profit and nine-times-larger market cap versus LCID, plus TSLA's massive scale, show markets won't reward Lucid until Robotaxi generates real revenue. The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.
Lucid (NASDAQ:LCID) rallies on headlines (a Robotaxi partner, a new CEO, fresh capital), and traders ask: can this stock double? At $6.44, a double would mean roughly $12.88. Our base case sees meaningful upside, though short of a double.
The 24/7 Wall St. price target for Lucid is $8.84 over the next 12 months, implying 37.26% upside from the current price. Our recommendation is buy, with a moderate 50% confidence level. Our bull scenario reaches a double in 2026, and management has given investors a credible plan to chase.
Lucid is down 72.48% over the past year and 39.07% year to date, but has rebounded 39.39% in the last month off a June low near $5.25. Q2 revenue came in at $405.35 million, up 56.2% year over year. The adjusted loss of -$2.78 missed by 20.03% and free cash flow ran to -$1.48 billion.
New CEO Silvio Napoli launched an operational reset anchored by a $1.4 billion cash flow improvement plan for 2026 and workforce cuts delivering $158 million in annualized savings. Before Doomberg published a word, its team spent long careers in heavy industry, private equity, and the hard sciences. They take no advertisers and serve no institution — which is why their lateral-thinking coverage of energy, finance, and geopolitics reads nothing like consensus financial media.
Doomberg has set aside a discounted rate exclusively for 24/7 Wall St. readers — it isn't available on their main page. In the bull case, our model projects LCID reaching $14.51 within 12 months, a 125.37% return that would double the stock. Napoli framed the Robotaxi program with Uber and Nuro as a must-win project, sizing the vehicle TAM at $600 billion by 2040 and citing a 35,000-unit commitment from Uber.
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