The Lion Electric Company (LEV)
NYSE: LEV · IEX Real-Time Price · USD
0.972
+0.007 (0.73%)
At close: Apr 19, 2024, 4:00 PM
0.998
+0.026 (2.66%)
After-hours: Apr 19, 2024, 7:23 PM EDT
The Lion Electric Company Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for LEV stock have an average target of 2.67, with a low estimate of 2.00 and a high estimate of 3.50. The average target predicts an increase of 174.69% from the current stock price of 0.97.
Analyst Consensus: Buy
* Price targets were last updated on Mar 5, 2024.
Analyst Ratings
The average analyst rating for LEV stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Maintains $4 → $3.5 | Strong Buy | Maintains | $4 → $3.5 | +260.08% | Mar 5, 2024 |
| Barclays | Barclays | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | +105.76% | Nov 14, 2023 |
| Canaccord Genuity | Canaccord Genuity | Hold Reiterates $2.5 | Hold | Reiterates | $2.5 | +157.20% | Jul 18, 2023 |
| RF Lafferty | RF Lafferty | Strong Buy Initiates $7 | Strong Buy | Initiates | $7 | +620.16% | Mar 27, 2023 |
| BMO Capital | BMO Capital | Hold Initiates $2 | Hold | Initiates | $2 | +105.76% | Mar 20, 2023 |
Financial Forecast
Revenue This Year
366.09M
from 253.50M
Increased by 44.42%
Revenue Next Year
595.58M
from 366.09M
Increased by 62.69%
EPS This Year
-0.32
from -0.46
EPS Next Year
-0.14
from -0.32
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 480.4M | 901.3M | 1.0B | 1.6B | 1.8B |
| Avg | 366.1M | 595.6M | 792.5M | 1.5B | 1.8B |
| Low | 266.0M | 405.7M | 558.6M | 1.5B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 89.5% | 146.2% | 76.1% | 100.9% | 20.4% |
| Avg | 44.4% | 62.7% | 33.1% | 93.3% | 15.7% |
| Low | 4.9% | 10.8% | -6.2% | 87.5% | 12.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.24 | 0.11 | 0.04 | 0.38 | 0.67 |
| Avg | -0.32 | -0.14 | -0.03 | 0.36 | 0.65 |
| Low | -0.39 | -0.25 | -0.10 | 0.35 | 0.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 84.8% |
| Avg | - | - | - | - | 77.8% |
| Low | - | - | - | - | 72.5% |
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.