Li-Cycle Holdings Corp. (LICY)
NYSE: LICY · IEX Real-Time Price · USD
0.673
-0.039 (-5.48%)
At close: Apr 24, 2024, 4:00 PM
0.680
+0.007 (1.01%)
Pre-market: Apr 25, 2024, 6:14 AM EDT
Li-Cycle Holdings Stock Forecast
LICY's stock price has decreased by -85.77% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Li-Cycle Holdings stock have an average target of 3.70, with a low estimate of 0.51 and a high estimate of 8.50. The average target predicts an increase of 449.70% from the current stock price of 0.67.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for LICY stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
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 | 1 | 1 |
| Hold | 5 | 5 | 5 | 5 | 5 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 9 | 9 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Chardan Capital | Chardan Capital | Hold Maintains $0.75 | Hold | Maintains | $0.75 | +11.42% | Apr 19, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $4 → $0.51 | Sell | Maintains | $4 → $0.51 | -24.23% | Nov 16, 2023 |
| Chardan Capital | Chardan Capital | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Nov 16, 2023 |
| UBS | UBS | Strong Buy → Hold Downgrades $9 → $0.75 | Strong Buy → Hold | Downgrades | $9 → $0.75 | +11.42% | Nov 16, 2023 |
| TD Cowen | TD Cowen | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 23, 2023 |
Financial Forecast
Revenue This Year
14.59M
from 18.30M
Decreased by -20.30%
Revenue Next Year
64.31M
from 14.59M
Increased by 340.91%
EPS This Year
-0.57
from -0.78
EPS Next Year
-0.50
from -0.57
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.4M | 110.8M | 449.9M | 594.3M | 589.1M |
| Avg | 14.6M | 64.3M | 235.5M | 577.3M | 572.2M |
| Low | 9.9M | 20.2M | 32.6M | 554.7M | 549.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.1% | 659.5% | 599.6% | 152.4% | 2.0% |
| Avg | -20.3% | 340.9% | 266.2% | 145.2% | -0.9% |
| Low | -45.9% | 38.4% | -49.4% | 135.6% | -4.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.51 | -0.50 | 0.13 |
| Avg | -0.57 | -0.50 | -0.15 |
| Low | -0.62 | -0.49 | -0.40 |
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.