2023 Benzinga.com. On average, they expect the company's stock price to reach $8.56 in the next twelve months. The Li-Cycle Analyst: Daniel Ives initiated coverage on Li-Cycle with an Outperform rating and a price target of $14. Below is a. They then can be recycled and reintroduced to the EV cycle chain. All rights reserved. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. What is Li-Cycle's stock price forecast for 2023? These cookies ensure basic functionalities and security features of the website, anonymously. Glencore and Li-Cycle announce innovative partnership to advance Today, Ives initiated coverage on Li-Cycle, placing a 12-month price target of $14 on this stock. Their current price target among these bulls is now $11 to $18 per share. Real-time analyst ratings, insider transactions, earnings data, and more. Li-Cycles balance sheet appears in good shape to support the huge ramp-up of capacity leadership is planning for over the coming years. Black mass contains varying amounts of cobalt, lithium, graphite, nickel, copper, and manganese. This cookie is set by GDPR Cookie Consent plugin. The Li-CycleAnalyst: Daniel Ives initiated coverage on Li-Cyclewith an Outperform rating and a price target of $14. Summary Li-Cycle is growing its customer base beyond North America to Europe, with its recent partnership with Morrow Batteries. 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last year. News Profile Analyst Coverage 5 Yr. Financials Dividends Adv. Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. Cantor Fitzgerald analyst Matthew O'Keefe initiates coverage on Li-Cycle Holdings (NYSE:LICY) with a Buy rating and announces Price Target of $8.5. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Indeed, as far as many investors are concerned, now appears to be the time to take some money off the table. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Li-Cycle has received a consensus rating of Buy. All rights reserved. Why This Analyst Believes Li-Cycle Is In A 'Sweet Spot' Here's what has LICY stock on the move today. 2023 Benzinga.com. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. Want the fastest, most accurate stock market intelligence? Li-Cycle is engaged in the lithium-ion battery resource recovery and lithium-ion battery recycling business. Li-Cycle's stock was trading at $4.76 at the beginning of the year. Join us on our mission to create a more sustainable future and a zero-carbon planet. Copyright FactSet Research Systems Inc. All rights reserved. The Li-CycleThesis: The company seems poised to continue leading in the battery recycling space and is in the sweet spot of a pending green tidal wave with battery recycling front and center, Ives wrote in anote. Wedbush analyst D. Ives forecasts that the company will earn ($0.13) per share for the quarter. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. View our LICY earnings forecast. These cookies will be stored in your browser only with your consent. Chairman & Interim Regional Pres of EMEA, Sr. VP of Investor Relations & Financial Communications. Glencore will subscribe for convertible debt in Li-Cycle and Li-Cycle will become a preferred partner for Glencore in the lithium-ion battery recycling sector. Li-Cycle Stock Forecast, Price & News (NYSE:LICY) Li-Cycle has a P/B Ratio of 1.88. This cookie is set by GDPR Cookie Consent plugin. * By selecting Subscribe, I agree to Li-Cycle's Terms and Conditions and Privacy Policy. On January 27th, Li-Cycle reported fourth quarter results. Get Free LICY Updates LICY stock forecasts by analyst All Analysts Top Analysts Strong Buy Strong Sell 1 of 1 The cookie is used to store the user consent for the cookies in the category "Analytics". The companys spoke and hub expansion is being executed well by REUSE/RECYCLING End-of-life lithium-ion batteries and the battery manufacturing scrap thats generated along the way are proving to be a global issue. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Russia bans 'unfriendly' countries' journalists from showpiece economic gathering, Biden signs debt ceiling bill that pulls US back from brink of unprecedented default, Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry, Twitter executive responsible for content safety resigns after Elon Musk criticism, Mullen Automotive - What's Good, What's Bad, and What's Downright Ugly, These Stocks Have Bottomed and Are Primed for Reversal, AI Helps Palantir Make a Move to the Upside, Co-Founder, Exec. At Li-Cycle, we are committed to supporting our employees through effective leadership, communication, management systems, training, and accountability. All rights reserved. Legal Name Li-Cycle Corp. Stock Symbol NYSE:LICY. The Latest Analyst Ratings for Li-Cycle Holdings Li-Cycle Joins the United Nations Global Compact Initiative, Li-Cycle to Host Investor Meetings on June 1-2, 2023, Laser breakthrough could send stock soaring 2,467%, Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York, Li-Cycle (NYSE:LICY) Shares Gap Down to $4.97, U.S. Secretary of Energy Jennifer Granholm and U.S. This cookie is set by GDPR Cookie Consent plugin. A small watch item holding as a proxy for the predicted migration to electric vehicles doesnt seem out of line on the recent huge pullback across the space, however. This website uses cookies to improve your experience while you navigate through the website. Why Li-Cycle Holdings Gained More Than 7% Today This is a downstream play on a surging battery sector that could see significant momentum. By clicking Accept All, you consent to the use of ALL the cookies. How A.I. The company has a series of spokes or regionally optimized locations to reduce costs and increase safety. See Also: Li-Cycle Misses On Q3 Earnings Estimates. What happened Shares of lithium battery recycler Li-Cycle Holdings (NYSE:LICY) ended Monday's trading session up 7.7%, although the gain wasn't in response to any news from the start-up company. (844) 978-6257. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. quotes delayed at least 15 minutes, all others at least 20 minutes. This suggests a possible upside of 73.5% from the stock's current price. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Future ROE: LICY is forecast to be unprofitable in 3 years. Looking In On Li-Cycle Holdings - Li-Cycle It does not store any personal data. Sep. 20, 2021, 01:50 PM Li-Cycle Holdings Corp (NYSE:LICY) is a pure-play lithium-ion recycle and the largest North American company in the space, according to Wedbush. Date. Glencore is pleased to announce the establishment of a strategic partnership with Li-Cycle Holdings Corp. (NYSE: LICY), a leading lithium-ion battery recycler in North America. The business had revenue of $3 million for the quarter, compared to the consensus estimate of $8.13 million. Buy Strong Buy 3 analysts 42.86% Buy 1 analysts 14.29% Hold 2 analysts 28.57% Sell 0 analysts 0% Strong Sell 1 analysts 14.29% Be the first to know when Wall Street analysts revise their LICY stock forecasts and price targets. Li-Cycle Holdings rallies after Morgan Stanley points to long-term Li-Cycle Holdings Corp. (NYSE:LICY - Get Rating) - Analysts at Wedbush issued their Q2 2023 EPS estimates for shares of Li-Cycle in a research note issued on Wednesday, May 17th.Wedbush analyst D. Ives expects that the company will post earnings per share of ($0.13) for the quarter. Li-Cycle Holdings Corp. analyst ratings, historical stock prices, earnings estimates & actuals. Each GWh of lithium-ion batteries is enough to power approximately 1,250 electric vehicles. The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023. Future criteria checks 5/6. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. May 31, 2022 6:42 PM EDT. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. And while we are inching closer to a correction, it appears investors have reason to latch onto LICY stock. Li-Cycle has completed merger with SPAC Peridot Acquisition Corp (NYSE: PDAC) and is trading on the NYSE under the symbol LICY. Li-Cycle Holdings (NYSE:LICY)is located in Toronto. However, you may visit "Cookie Settings" to provide a controlled consent. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The cookie is used to store the user consent for the cookies in the category "Other. Our Code of Business Conduct embodies our company-wide commitment to Diversity, Equity and Inclusion (DEI). Li-Cycle's Market Conditions Trigger 27% Price Target Cut By This Analyst Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Analyst Price Forecast Suggests 72.04% Upside. Copyright 2023, Li-Cycle Corp. All Rights Reserved. We also use third-party cookies that help us analyze and understand how you use this website. Source: Kantar Media, LICY will report FY 2024 earnings on 01/30/2023, LICY will report Q2 earnings on 08/15/2023. Can Presto Automation Bring AI to the Drive-Thru? Data are provided 'as is' for informational purposes only and are not intended for trading purposes.
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