Is Lucid stock a buy ahead of its first-ever Investor Day?

‘Ebattled’ has become something of a Homeric epithet for the electric vehicle (EV) maker Lucid (NASDAQ: LCID), but judging by the Saudi-backed company’s plans for its first-ever Investor Day, it might soon have to be dropped.

Specifically, the luxury car company has, in a press release published on March 9, unveiled an ambitious schedule aimed at addressing the long-standing profitability concerns, plans for revenue growth, and the midsize platform program.

Still, possibly the most interesting part of Lucid’s first-ever Investor Day, scheduled for March 12, will involve the President and Chief Operating Officer of Uber (NYSE: UBER), Andrew Macdonald.

Specifically, the Saudi-backed EV maker is planning to outline its autonomous driving plans and the rollout and adoption of ‘robotaxis.’

Considering how much at least one Lucid competitor – Tesla (NASDAQ: TSLA) – has benefitted from its own talk about the ‘Cybercab,’ it is possible LCID shares can reverse their long decline should investors find themselves impressed.

Lucid stock enjoys bullish reversal ahead of Investor Day

Elsewhere, Lucid stock price decline remains a salient concern for any hopeful traders. The equity has been hammered through much of its time as a publicly-traded company, and LCID shares are fown 89% since their initial public offering (IPO).

Additionally, 2025 has not been a positive year for the EV maker, considering the stock is down 50% in the 12-month chart and 46.50% in the last six months.

Simultaneously, the most recent stock market performance provides some silver lining, considering the 2026 losses diminished to 6.73%, and the last week of trading might be showing some signs that investors are looking forward to Lucid’s March 12 first-ever Investor Day.

Specifically, LCID shares are 3.25% in the green in the last week of trading and are, at press time on March 10, changing hands at $10.34.

This latest upswing, however, is no guarantee that Lucid stock is a buy ahead of the New York event. 

Is Lucid stock a ‘Buy’ ahead of the March 12 Investor Day?

Wall Street is, based on the ratings assigned within the most recent three months, decisively ‘Neutral” about LCID shares as 8 out of the 12 assigned ratings paint it as such. Furthermore, only 1 analyst considers Lucid stock a ‘Buy’ and three rank it as either a ‘Sell’ or a ‘Strong Sell.’

Another issue is that, while the average 12-month price target for LCID shares indicates a 29.81% rally to $13.50 is anticipated, the equity itself was changing hands at $13 three months ago – the time when the earliest still-considered forecasts were assigned – diminishing the actual implied optimism.

Technical analysis (TA), on the other hand, has hardly been kinder to Lucid stock per the data Finbold retrieved from TradingView on March 10. Specifically, the equity’s most recent month of trading has led oscillators to turn somewhat bullish on the EV maker and to judge its shares as a ‘buy.’

Still, the moving averages (MA) indicator paints the Saudi-backed car company as a ‘sell,’ and the overall rating retrieved from TradingView still positions LCID stock as a ‘Sell.’

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