The Lion Electric Company (LEV)
NYSE: LEV · IEX Real-Time Price · USD
0.867
-0.021 (-2.37%)
Jul 2, 2024, 4:00 PM EDT - Market closed
The Lion Electric Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for LEV stock have an average target of 1.60, with a low estimate of 1.00 and a high estimate of 2.50. The average target predicts an increase of 84.61% from the current stock price of 0.87.
Analyst Consensus: Buy
* Price targets were last updated on May 13, 2024.
Analyst Ratings
The average analyst rating for LEV stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Maintains $3.5 → $1.5 | Strong Buy | Maintains | $3.5 → $1.5 | +73.07% | May 13, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $2 → $1 | Hold | Maintains | $2 → $1 | +15.38% | May 9, 2024 |
| Barclays | Barclays | Hold Maintains $2 → $1 | Hold | Maintains | $2 → $1 | +15.38% | May 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $2.5 → $2 | Strong Buy | Maintains | $2.5 → $2 | +130.76% | May 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $5 → $2.5 | Strong Buy | Reiterates | $5 → $2.5 | +188.45% | Apr 23, 2024 |
Financial Forecast
Revenue This Year
290.49M
from 253.50M
Increased by 14.59%
Revenue Next Year
494.05M
from 290.49M
Increased by 70.07%
EPS This Year
-0.37
from -0.46
EPS Next Year
-0.15
from -0.37
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 356.2M | 654.4M | 792.7M | 1.1B | 1.4B |
| Avg | 290.5M | 494.1M | 608.0M | 1.1B | 1.4B |
| Low | 246.0M | 334.2M | 440.0M | 1.0B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 40.5% | 125.3% | 60.4% | 81.6% | 32.9% |
| Avg | 14.6% | 70.1% | 23.1% | 74.7% | 27.8% |
| Low | -3.0% | 15.0% | -10.9% | 69.4% | 24.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.32 | 0.01 | -0.09 |
| Avg | -0.37 | -0.15 | -0.12 |
| Low | -0.42 | -0.25 | -0.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.