Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher Tuesday after the company announced updates for the 2025 model year before the opening bell.

The Details:

Lucid said enhancements to its 2025 Lucid Air Pure allow the vehicle to achieve 5 miles of range per kilowatt hour of energy via an EPA-estimated range of 420 miles from an 84 kWh battery pack, making it the most energy-efficient vehicle ever.

The company also said every 2025 Lucid Air model will receive new-generation control hardware and come standard with Lucid's DreamDrive Premium ADAS (Advanced Driver Assistance System). The in-car entertainment experience is also enhanced for Air Grand Touring models with Lucid's advanced SurrealSound Pro sound system now standard.

"The advancements introduced across the Lucid Air lineup for 2025 further cement our leadership position," said Peter Rawlinson, CEO and CTO of Lucid. "Lucid Air is the very embodiment of our relentless approach to optimization, enabling Air Pure to use less electrical energy than any other vehicle for any journey taken, A to B."

Lucid shares fell Monday after Cantor Fitzgerald analyst Andres Sheppard reiterated Lucid with an Underweight rating and maintained a price target of $4. The stock also faced headwinds from increasing odds of a second term for President Trump following Saturday's assassination attempt.

Will LCID Stock Go Up?

According to data from Benzinga Pro, Lucid shares are trading above the stock's 50-day moving average of $2.83 and 27.48% of available shares are being sold short.

When trying to assess whether or not Lucid Group will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $3.38 on Lucid. The Street high target is currently at $4 and the Street low target is $2.90. Of all the analysts covering Lucid Group, no one has positive ratings, 3 have neutral ratings and 2 have negative ratings.

In the last month, 3 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Lucid Gr have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Lucid Group is 47.3% down year-to-date. The average analyst price target suggests the stock could have further downside ahead.

For a broad overview of everything you need to know about Lucid, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

LCID Price Action: According to Benzinga Pro, Lucid Group shares are up 2.77% at $3.71 at the time of publication Tuesday.

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