Li-Cycle Holdings Corp. (LICY)

Li-Cycle Holdings Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Li-Cycle Holdings stock have an average target of 4.13, with a low estimate of 2.25 and a high estimate of 6.00. The average target predicts an increase of 95.73% from the current stock price of 2.11.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$2.25	$4.13	$6.00	$6.00
Change	+6.64%	+95.73%	+184.36%	+184.36%

Analyst Ratings

The average analyst rating for LICY stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	0
Buy	1	1	1	1	1	0
Hold	3	3	3	3	3	2
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jon Windham UBS	UBS	Hold Maintains $2 → $2.25	Hold	Maintains	$2 → $2.25	+6.64%	Nov 18, 2024
Brian Dobson Chardan Capital	Chardan Capital	Hold Maintains $6	Hold	Maintains	$6	+184.36%	Apr 19, 2024
Adam Jonas Morgan Stanley	Morgan Stanley	Sell Maintains $32 → $4.08	Sell	Maintains	$32 → $4.08	+93.36%	Nov 16, 2023
Brian Dobson Chardan Capital	Chardan Capital	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Nov 16, 2023
Jon Windham UBS	UBS	Strong Buy → Hold Downgrades $72 → $6	Strong Buy → Hold	Downgrades	$72 → $6	+184.36%	Nov 16, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

27.11M

Increased by 48.13%

from 18.30M

Revenue Next Year

32.03M

Increased by 18.15%

from 27.11M

EPS This Year

-6.83

from -6.24

EPS Next Year

-5.76

from -6.83

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	800.00K	7.30M	13.40M	35.40M	18.30M	27.11M	32.03M	39.22M
Revenue Growth	1,561.13%	812.50%	83.56%	164.18%	-48.31%	48.13%	18.15%	22.47%
EPS	-0.91	-5.12	-2.36	0.44	-6.24	-6.83	-5.76	-5.51
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	5	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	30.0M	35.8M	41.7M
Avg	27.1M	32.0M	39.2M
Low	24.1M	28.1M	36.5M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	64.1%	32.2%	30.1%
Avg	48.1%	18.2%	22.5%
Low	31.5%	3.7%	13.9%

EPS Forecast

EPS	2024	2025	2026
High	-3.16	-2.57	-2.63
Avg	-6.83	-5.76	-5.51
Low	-10.18	-8.67	-8.14

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.