2 Reasons Lucid Group Is a Long-Term Buy for 2030 and Beyond
It's difficult to buy great growth stocks at a discount. That's especially true when the market already expects rapid growth to occur in the near future. But Lucid Group (NASDAQ: LCID) shares could be an exception to the rule.Over the next 12 months, analysts expect Lucid's revenue to grow by nearly 100%. Yet due to some short-term challenges, shares have lost nearly 30% of their value since the year began, pushing the stock to its lowest levels in years according to many valuation metrics. Could this be the giant buying opportunity you've been waiting for? The answer is likely yes. But there's a catch.Continue reading
It's difficult to buy great growth stocks at a discount. That's especially true when the market already expects rapid growth to occur in the near future. But Lucid Group (NASDAQ: LCID) shares could be an exception to the rule.
Over the next 12 months, analysts expect Lucid's revenue to grow by nearly 100%. Yet due to some short-term challenges, shares have lost nearly 30% of their value since the year began, pushing the stock to its lowest levels in years according to many valuation metrics.
Could this be the giant buying opportunity you've been waiting for? The answer is likely yes. But there's a catch.
