Rivian (RIVN) vs. Lucid (LCID): Which EV Stock Has More Upside in 2026?

The race for the future of the electric vehicle (EV) market is heating up in 2026. Two closely watched U.S. EV makers, Rivian RIVN -2.88% ▼ and Lucid Group LCID +0.61% ▲ , are both at important turning points. Rivian is preparing to expand with its R2 mid-size SUV, while Lucid is developing a new midsize vehicle platform aimed at more affordable EV models. As both companies work to grow, investors are asking which EV maker could offer more upside this year.

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Using the TipRanks Stock Comparison Tool, we placed these two EV makers side by side to see which one currently offers more potential for investors, according to analysts.

Is RIVN Stock a Buy Now?

Rivian stock has fallen about 25% year-to-date, though it is still up roughly 35% in 2025. This year could be a turning point for the company. Just last week, Rivian revealed the full lineup and pricing for the R2, a mid-size electric SUV meant to expand the brand beyond its current premium models.

The R2 is aimed at a lower price segment, which could help Rivian reach a much larger group of buyers. The company plans to deliver around 25,000 R2 vehicles by the end of 2026. If Rivian can successfully increase production at its Normal, Illinois plant, the R2 could become the company’s first true mass-market hit, similar to how Tesla’s Model Y helped scale Tesla’s sales.

Following the announcement, TD Cowen analyst Itay Michaeli maintained a Buy rating on the stock with a price target of $20 per share. Overall, analysts have a Hold consensus rating on RIVN stock based on nine Buys, seven Holds, and six Sells assigned in the past three months. Further, the average RIVN price target of $17.45 per share implies 17.43% upside potential.

What Is Lucid’s Stock Forecast for 2026?

Lucid stock has fallen about 6% year-to-date and roughly 54% in 2025. The company is taking a long-term approach by focusing on improving its technology and developing new models, rather than trying to boost sales quickly. At its March 2026 Investor Day, the company revealed a new “Midsize” platform that will support three affordable models, starting below $50,000. These models are meant to compete with cars like the Tesla Model 3 and Tesla Model Y. The plan also includes Atlas, a smaller and more efficient electric drive unit designed to lower production costs.

Along with these vehicles, Lucid Group is expanding into software services and working with Uber on a robotaxi partnership. The goal is to add new revenue streams and reach profitability later this decade. Investors are now watching whether lower-priced models and cost improvements can finally turn its technology into steady profits.

Turning to Wall Street, analysts have a Hold consensus rating on LCID stock based on zero Buys, six Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average LCID price target of $12.86 per share implies 29.9% upside potential.

Conclusion

Between the two, Lucid offers higher potential upside, with analysts setting an average price target of $12.86, implying about 30% upside from current levels. However, the stock carries a low Smart Score of 3, reflecting weaker market signals and higher uncertainty.

Meanwhile, Rivian has a smaller expected upside of about 17%, based on its $17.45 price target. Still, Rivian’s higher Smart Score of 7 suggests stronger overall market momentum compared with Lucid.

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