Is Lucid Motors a Millionaire-Maker?
Lucid Motors (NASDAQ: LCID) is attempting to use the emergence of a new technology to gain entry into the highly competitive automotive sector. That's a tall order, given that the industry is dominated by a relatively small number of large companies. Notably, most of them are also leaning into the new technology that Lucid is focused on. Here's what you need to know before you buy Lucid in the hopes of it being a millionaire-maker stock.
The auto industry is largely built around internal combustion engines (ICE). A massive infrastructure exists to support ICE vehicles, from the auto manufacturer to the gas station where customers purchase fuel. However, (NASDAQ: TSLA) upended the story when it introduced all-electric vehicles (EVs).
Image source: Getty Images.
Source Fool.com
Intercontinental Exchange Inc. Stock
With 22 Buy predictions and not a single Sell prediction Intercontinental Exchange Inc. is an absolute favorite of our community.
With a target price of 175 € there is a positive potential of 29.15% for Intercontinental Exchange Inc. compared to the current price of 135.5 €.
