Li-Cycle (LICY) Stock Forecast & Price Target

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$0.67

-0.03 (-4.30%)

(As of 04/19/2024 ET)

Li-Cycle Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$5.25
686.75% Upside

High Forecast	$8.00
Average Forecast	$5.25
Low Forecast	$0.75

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$5.25	$7.60	$7.00	$8.56
Predicted Upside	686.75% Upside	45.91% Upside	30.46% Upside	39.39% Upside

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LICY Analyst Ratings 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.

LICY 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.

Li-Cycle Stock vs. The Competition

Type	Li-Cycle	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.40	2.58	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	726.77% Upside	130.11% Upside	11.65% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/19/2024	Chardan Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$0.75	+17.61%
11/16/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/23/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
8/15/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$8.00	+68.42%
6/26/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$10.00 ➝ $7.00	+28.68%
5/4/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:40 PM ET.

LICY Price Target - Frequently Asked Questions

What is Li-Cycle's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Li-Cycle stock is Hold based on the current 3 hold ratings and 2 buy ratings for LICY. The average twelve-month price prediction for Li-Cycle is $5.25 with a high price target of $8.00 and a low price target of $0.75. Learn more on LICY's analyst rating history.
Do Wall Street analysts like Li-Cycle more than its competitors?: Analysts like Li-Cycle less than other Computer and Technology companies. The consensus rating for Li-Cycle is Hold while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how LICY compares to other companies.
Does Li-Cycle's stock price have much upside?: According to analysts, Li-Cycle's stock has a predicted upside of 61.88% based on their 12-month stock forecasts.

What analysts cover Li-Cycle?: Li-Cycle has been rated by Chardan Capital in the past 90 days.

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This page (NYSE:LICY) was last updated on 4/19/2024 by MarketBeat.com Staff

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Li-Cycle (LICY) Stock Forecast & Price Target

Li-Cycle Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

LICY Analyst Ratings By Month

LICY Price Targets by Month

Li-Cycle Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

LICY Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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