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Piedmont Lithium (PLL) Stock Forecast & Price Target

$12.28
+0.61 (+5.23%)
(As of 03:08 PM ET)

Piedmont Lithium - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Piedmont Lithium in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for PLL.

Consensus Price Target

$67.00
445.60% Upside
High Forecast$184.00
Average Forecast$67.00
Low Forecast$15.00

According to the 7 analysts' twelve-month price targets for Piedmont Lithium, the average price target is $67.00. The highest price target for PLL is $184.00, while the lowest price target for PLL is $15.00. The average price target represents a forecasted upside of 445.60% from the current price of $12.28.

TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Hold
Hold
Hold
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$67.00$67.00$65.67$133.50
Forecasted Upside445.60% Upside170.93% Upside163.85% Upside130.55% Upside
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PLL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PLL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Piedmont Lithium Stock vs. The Competition

TypePiedmont LithiumBasic Materials CompaniesS&P 500
Consensus Rating Score
2.43
2.63
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside473.14% Upside380.54% Upside8.11% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/10/2024BMO Capital Markets
3 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$20.00 ➝ $28.00+115.38%
4/16/2024DA Davidson
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$60.00+332.59%
2/23/2024BTIG Research
2 of 5 stars
 DowngradeBuy ➝ Neutral
2/8/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$25.00 ➝ $15.00+2.46%
1/29/2024TD Cowen
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 DowngradeOutperform ➝ Market Perform$55.00 ➝ $20.00+13.51%
8/28/2023Roth Mkm
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 Lower TargetBuy ➝ Buy$190.00 ➝ $184.00+340.72%
8/10/2023B. Riley
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 Lower TargetBuy ➝ Buy$105.00 ➝ $95.00+100.00%
3/8/2023Macquarie
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 Initiated CoverageOutperform$140.00+145.01%
9/5/2022Roth Capital
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J. Reagor
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:40 PM ET.

PLL Forecast - Frequently Asked Questions

What is Piedmont Lithium's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Piedmont Lithium is $67.00, with a high forecast of $184.00 and a low forecast of $15.00.

Should I buy or sell Piedmont Lithium stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLL, but not buy additional shares or sell existing shares.

Does Piedmont Lithium's stock price have much upside?

According to analysts, Piedmont Lithium's stock has a predicted upside of 170.93% based on their 12-month stock forecasts.

What analysts cover Piedmont Lithium?

Piedmont Lithium has been rated by research analysts at BMO Capital Markets in the past 90 days.

Do Wall Street analysts like Piedmont Lithium more than its competitors?

Analysts like Piedmont Lithium less than other "basic materials" companies. The consensus rating for Piedmont Lithium is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how PLL compares to other companies.


This page (NASDAQ:PLL) was last updated on 7/16/2024 by MarketBeat.com Staff

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