Piedmont Lithium (PLL) Stock Forecast & Price Target

$14.13

+1.40 (+11.00%)

(As of 10/9/2024 ET)

Piedmont Lithium - Analysts' Recommendations 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.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
0

Hold
5

Buy
3

Based on 8 Wall Street analysts who have issued ratings for Piedmont Lithium in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 5 have given a hold rating, and 3 have given a buy rating for PLL.

Consensus Price Target

$24.69
74.70% Upside

According to the 8 analysts' twelve-month price targets for Piedmont Lithium, the average price target is $24.69. The highest price target for PLL is $60.00, while the lowest price target for PLL is $8.50. The average price target represents a forecasted upside of 74.70% from the current price of $14.13.

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PLL Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$24.69	$24.69	$67.00	$128.75
Forecasted Upside	74.70% Upside	259.33% Upside	497.68% Upside	259.94% Upside
Consensus Rating	Hold	Hold	Hold	Buy

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PLL Analyst Recommendations 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.

PLL 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.

Piedmont Lithium Stock vs. The Competition

Type	Piedmont Lithium	Basic Materials Companies	S&P 500
Consensus Rating Score	2.38	2.73	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	73.97% Upside	121.86% Upside	7.37% Upside
News Sentiment Rating	Positive News See Recent PLL News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$15.00 ➝ $8.50	+13.94%
8/12/2024	B. Riley 4 of 5 stars		Lower Target	Buy ➝ Buy	$26.00 ➝ $20.00	+158.06%
8/12/2024	Macquarie 2 of 5 stars	A. Yun Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$9.30	+12.05%
8/9/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$61.00 ➝ $40.00	+358.19%
4/16/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$60.00	+332.59%
2/23/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
2/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$25.00 ➝ $15.00	+2.46%
1/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$55.00 ➝ $20.00	+13.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:22 PM ET.

PLL Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Piedmont Lithium is $24.69, with a high forecast of $60.00 and a low forecast of $8.50.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Lithium in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLL, but not buy additional shares or sell existing shares.
: According to analysts, Piedmont Lithium's stock has a predicted upside of 74.70% based on their 12-month stock forecasts.
: Piedmont Lithium has been rated by research analysts at B. Riley, BMO Capital Markets, Macquarie, and Roth Mkm in the past 90 days.
: Analysts like Piedmont Lithium less than other "basic materials" companies. The consensus rating for Piedmont Lithium is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how PLL compares to other companies.