Please always do your own due diligence and if you invest, do so with proper caution. Remember there is no guarantee that stocks will fulfill the analysts’ projections or increase in value. Individual investors are responsible for their own money and investment decisions. They are not intended in any way to provide specific advice or recommendations for any individual or on any specific security or investment product. The opinions expressed in this article are intended for general educational purposes and entertainment only. If the first analysts projection is any indication, they are well on their way to fulfill that goal.ĭISCLAIMER: The author is not a financial advisor or expert. Lucid Motors has piqued the interest of many investors as they approach the threshold of embarking on their EV journey with the hopes of becoming an industry leader. In the world of investing, count on nothing and expect the unexpected. However, the potential deserves to be part of the conversation. That’s not to say that should be expected or even likely. While Walletinvestor’s projection is tremendously bullish, it also seems like there is a possibility that in a best-case scenario, there are possible catalysts that could serve as rocket fuel for Lucid Motors to drive the price even higher. Does this mean that the AI is only using data such as Lucid’s projected production numbers? Is it not factoring in potential catalysts? However, subsequent numbers may be a bit modest. With the expected monthly price increase of between 3.03 and 5.98% between now and the end of 2022, and then declining to smaller percentages thereafter, it appears that the projection is taking into account the excitement of the completed merger and initial car deliveries as catalysts for greatest growth. Completing their five-year analysis, the expected share price at the end of June, 2026 is listed as being between $139.95 and $142.02. This is reflected in the analysis, as Walletinvestor foresees possible end-of-year highs for the stock price of $62.14 in 2022, $84.96 in 2023, $107.78 in 2024 and $130.60 in 2025. With each passing year, Lucid expects to increase its production numbers and also grow their operations. They expect the Lucid stock price to be between $37.03 and $39.31 by the end of 2021. Their projection determined the following: , which uses AI-based solutions to generate their forecasts, ran CCIV through their system, resulting in a very positive outlook. However, with just days remaining until merger completion, an analyst has presented an initial projection, with their predictions outlining a rosy future for the stock. CCIV had fallen into that same void, despite the enthusiasm for the stock by investors this year. The volatility of SPACs make them infrequent targets of analyst projections, as the experts typically prefer to wait until the company has cleared the merger process and is trading under their new ticker (CCIV will become LCID once the merger is finalized). Volatility associated with the excitement over the company’s potential sent it as high as nearly $65 earlier this winter and then back down to around $17 during the recent market correction. With the CCIV merger expected to close on July 23rd, the share price currently sits at $27.02. Additionally, their tech may be coveted by other auto manufacturers, who don’t have the same capabilities or expected time frames to develop their own, which may lead to lucrative collaborative deals. Although their initial foray into the market is with luxury vehicles, they will gradually be expanding into lower-priced cars, SUVs and renewable energy storage among other possible ventures. With an All-Star roster of talent in their ranks, superior technology and deep pockets, they have grand plans to be a dominant force in the EV sector. Recently, the company saw its first analyst price prediction, which provided a very bullish initial outlook. With its inaugural line of cars expected to start being delivered to customers shortly thereafter, the short and long-term excitement for the stock is palpable. In the coming weeks, up and coming luxury EV company Lucid Motors will be completing a SPAC merger with Churchill Capital Corp IV (CCIV). The EV company has a bright future according to an initial analysis
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