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Lion Electric Company (LEV) Stock Forecast, Price Target & Predictions

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LEV Stock Forecast

Lion Electric Company stock forecast is as follows: an average price target of $1.80 (represents a 654.08% upside from LEV’s last price of $0.24) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

LEV Price Target

The average price target for Lion Electric Company (LEV) is $1.80 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $1.00. This represents a potential 654.08% upside from LEV's last price of $0.24.

LEV Analyst Ratings

Hold

According to 3 Wall Street analysts, Lion Electric Company's rating consensus is 'Hold'. The analyst rating breakdown for LEV stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Lion Electric Company Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 12, 2024Michael ShliskyD.A. Davidson--76.06%318.94%
Aug 01, 2024Jaime PerezR.F. Lafferty--47.04%318.94%
May 13, 2024Michael ShliskyD.A. Davidson--57.28%528.40%
May 09, 2024Tamy ChenBMO Capital---2.91%318.94%
May 09, 2024George GiankarikasCanaccord Genuity--3.31%318.94%
Dec 27, 2022Northland Securities--149.38%1994.68%
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The latest Lion Electric Company stock forecast, released on Aug 12, 2024 by Michael Shlisky from D.A. Davidson, set a price target of $1.00, which represents a 76.06% increase from the stock price at the time of the forecast ($0.57), and a 318.94% increase from LEV last price ($0.24).

Lion Electric Company Price Target by Period

1M3M12M
# Anlaysts--5
Avg Price Target--$1.10
Last Closing Price$0.24$0.24$0.24
Upside/Downside-100.00%-100.00%360.83%

In the current month, the average price target of Lion Electric Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lion Electric Company's last price of $0.24. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Aug 01, 2024CIBCUnderperformDowngrade
Aug 01, 2024R.F. LaffertyHoldDowngrade
May 09, 2024BMO CapitalMarket PerformMarket PerformHold
May 09, 2024Canaccord GenuityHoldHoldHold
Feb 24, 2022BMO CapitalMarket PerformDowngrade
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Lion Electric Company's last stock rating was published by CIBC on Aug 01, 2024. The company Downgrade its LEV rating from "null" to "Underperform".

Lion Electric Company Financial Forecast

Lion Electric Company Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Revenue-----------$54.70M$46.77M$40.98M$29.52M$22.65M-$11.93M--
Avg Forecast$49.21M$45.63M$40.07M$35.20M$32.67M$35.99M$63.14M$69.57M$89.45M$77.74M$66.70M$53.75M$46.77M$41.19M$30.27M$22.79M$13.24M$26.24M$15.72M$9.69M
High Forecast$57.34M$53.16M$46.69M$41.01M$36.50M$41.93M$63.14M$69.57M$95.78M$78.33M$77.72M$62.63M$54.50M$41.19M$30.27M$22.79M$13.24M$26.24M$15.72M$9.69M
Low Forecast$40.89M$37.91M$33.30M$29.25M$29.09M$29.90M$63.14M$69.57M$85.15M$77.16M$55.43M$44.66M$38.86M$41.19M$30.27M$22.79M$13.24M$26.24M$15.72M$9.69M
# Analysts11125245763322223456
Surprise %-----------1.02%1.00%0.99%0.98%0.99%-0.45%--

Lion Electric Company's average Quarter revenue forecast for Jun 23 based on 3 analysts is $66.70M, with a low forecast of $55.43M, and a high forecast of $77.72M. LEV's average Quarter revenue forecast represents a 21.93% increase compared to the company's last Quarter revenue of $54.70M (Mar 23).

Lion Electric Company EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11125245763322223456
EBITDA-----------$-16.54M$-31.56M$-18.15M$-19.11M$-15.28M-$124.79M--
Avg Forecast$-15.18M$-14.08M$-12.36M$-10.86M$-10.08M$-11.10M$-19.48M$-21.46M$-27.60M$-23.98M$-20.58M$-16.58M$-14.43M$-22.31M$-16.40M$-12.34M$-7.17M$-14.21M$-8.51M$-5.25M
High Forecast$-12.61M$-11.70M$-10.27M$-9.02M$-8.97M$-9.23M$-19.48M$-21.46M$-26.27M$-23.81M$-17.10M$-13.78M$-11.99M$-22.31M$-16.40M$-12.34M$-7.17M$-14.21M$-8.51M$-5.25M
Low Forecast$-17.69M$-16.40M$-14.41M$-12.65M$-11.26M$-12.94M$-19.48M$-21.46M$-29.55M$-24.16M$-23.98M$-19.32M$-16.81M$-22.31M$-16.40M$-12.34M$-7.17M$-14.21M$-8.51M$-5.25M
Surprise %-----------1.00%2.19%0.81%1.17%1.24%--8.78%--

3 analysts predict LEV's average Quarter EBITDA for Dec 21 to be $-7.17M, with a high of $-7.17M and a low of $-7.17M. This is -105.75% lower than Lion Electric Company's previous annual EBITDA (Sep 21) of $124.79M.

Lion Electric Company Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11125245763322223456
Net Income-----------$-8.63M$11.13M$-13.18M$98.20M$22.65M-$123.01M--
Avg Forecast$-22.17M$-24.43M$-26.69M$-24.42M$-33.37M$-25.85M$-26.14M$-19.93M$-20.38M$-22.37M$-22.92M$-22.63M$-28.12M$-24.59M$-15.84M$-11.31M$-13.57M$250.95M$-10.86M$-35.44M
High Forecast$-17.30M$-19.06M$-20.83M$-22.24M$-23.83M$-20.17M$-20.40M$-15.55M$-15.85M$-17.45M$-17.88M$-17.66M$-21.94M$-24.59M$-15.84M$-11.31M$-13.57M$301.14M$-10.86M$-35.44M
Low Forecast$-26.93M$-29.68M$-32.43M$-26.60M$-38.13M$-31.41M$-31.76M$-24.21M$-27.18M$-27.18M$-27.84M$-27.49M$-34.16M$-24.59M$-15.84M$-11.31M$-13.57M$200.76M$-10.86M$-35.44M
Surprise %-----------0.38%-0.40%0.54%-6.20%-2.00%-0.49%--

Lion Electric Company's average Quarter net income forecast for Mar 23 is $-22.63M, with a range of $-27.49M to $-17.66M. LEV's average Quarter net income forecast represents a -303.37% decrease compared to the company's last Quarter net income of $11.13M (Dec 22).

Lion Electric Company SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11125245763322223456
SG&A-----------$18.86M$15.64M$17.40M$18.43M$16.35M-$15.18M--
Avg Forecast$60.24M$55.85M$49.06M$43.09M$40.00M$44.05M$77.29M$85.16M$109.50M$95.17M$81.65M$65.80M$57.26M$50.21M$36.90M$27.78M$16.13M$31.99M$19.16M$11.81M
High Forecast$70.19M$65.08M$57.16M$50.20M$44.68M$51.33M$77.29M$85.16M$117.25M$95.88M$95.15M$76.67M$66.72M$50.21M$36.90M$27.78M$16.13M$31.99M$19.16M$11.81M
Low Forecast$50.06M$46.41M$40.76M$35.80M$35.61M$36.61M$77.29M$85.16M$104.24M$94.46M$67.85M$54.68M$47.58M$50.21M$36.90M$27.78M$16.13M$31.99M$19.16M$11.81M
Surprise %-----------0.29%0.27%0.35%0.50%0.59%-0.47%--

Lion Electric Company's average Quarter SG&A projection for Jun 23 is $81.65M, based on 3 Wall Street analysts, with a range of $67.85M to $95.15M. The forecast indicates a 332.89% rise compared to LEV last annual SG&A of $18.86M (Mar 23).

Lion Electric Company EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts11125245763322223456
EPS-----------$-0.04$0.05$-0.07$0.52$0.12-$0.65--
Avg Forecast$-0.10$-0.11$-0.12$-0.11$-0.15$-0.11$-0.12$-0.09$-0.09$-0.10$-0.10$-0.10$-0.12$-0.11$-0.07$-0.05$-0.06$0.04$-0.05$-0.16
High Forecast$-0.08$-0.08$-0.09$-0.10$-0.11$-0.09$-0.09$-0.07$-0.07$-0.08$-0.08$-0.08$-0.10$-0.11$-0.07$-0.05$-0.06$0.04$-0.05$-0.16
Low Forecast$-0.12$-0.13$-0.14$-0.12$-0.17$-0.14$-0.14$-0.11$-0.12$-0.12$-0.12$-0.12$-0.15$-0.11$-0.07$-0.05$-0.06$0.04$-0.05$-0.16
Surprise %-----------0.39%-0.39%0.63%-7.43%-2.40%-15.60%--

According to 3 Wall Street analysts, Lion Electric Company's projected average Quarter EPS for Mar 23 is $-0.10, with a low estimate of $-0.12 and a high estimate of $-0.08. This represents a -308.44% decrease compared to LEV previous annual EPS of $0.05 (Dec 22).

Lion Electric Company Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LEVLion Electric Company--650.00%Hold
NKLANikola--371.43%Buy
HYFMHydrofarm Group--134.38%Hold
XOSXos--124.88%Hold
UGROurban-gro--98.17%Buy
WNCWabash National--22.95%Hold
DEDeere & Company---2.93%Buy
CATCaterpillar---26.53%Buy

LEV Forecast FAQ

Is Lion Electric Company a good buy?

No, according to 3 Wall Street analysts, Lion Electric Company (LEV) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of LEV's total ratings.

What is LEV's price target?

Lion Electric Company (LEV) average price target is $1.8 with a range of $1 to $5, implying a 654.08% from its last price of $0.239. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Lion Electric Company stock go up soon?

According to Wall Street analysts' prediction for LEV stock, the company can go up by 654.08% (from the last price of $0.239 to the average price target of $1.8), up by 1994.68% based on the highest stock price target, and up by 318.94% based on the lowest stock price target.

Can Lion Electric Company stock reach $0?

LEV's average twelve months analyst stock price target of $1.8 supports the claim that Lion Electric Company can reach $0 in the near future.

What are Lion Electric Company's analysts' financial forecasts?

Lion Electric Company's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $201.36M (high $211.14M, low $191.7M), average EBITDA is $-62.121M (high $-59.139M, low $-65.136M), average net income is $-105M (high $-79.955M, low $-126M), average SG&A $246.51M (high $258.47M, low $234.67M), and average EPS is $-0.465 (high $-0.353, low $-0.555). LEV's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $170.1M (high $198.21M, low $141.35M), average EBITDA is $-52.476M (high $-43.605M, low $-61.147M), average net income is $-97.716M (high $-79.428M, low $-116M), average SG&A $208.23M (high $242.64M, low $173.03M), and average EPS is $-0.432 (high $-0.351, low $-0.511).

Did the LEV's actual financial results beat the analysts' financial forecasts?

Based on Lion Electric Company's last annual report (Dec 2022), the company's revenue was $139.91M, which missed the average analysts forecast of $141.02M by -0.78%. Apple's EBITDA was $-69.272M, beating the average prediction of $-65.478M by 5.79%. The company's net income was $116.32M, missing the average estimation of $-79.855M by -245.66%. Apple's SG&A was $67.82M, missing the average forecast of $172.14M by -60.60%. Lastly, the company's EPS was $0.6, missing the average prediction of $-0.353 by -269.97%. In terms of the last quarterly report (Mar 2023), Lion Electric Company's revenue was $54.7M, beating the average analysts' forecast of $53.75M by 1.77%. The company's EBITDA was $-16.543M, missing the average prediction of $-16.582M by -0.23%. Lion Electric Company's net income was $-8.627M, missing the average estimation of $-22.633M by -61.88%. The company's SG&A was $18.86M, missing the average forecast of $65.8M by -71.33%. Lastly, the company's EPS was $-0.0391, missing the average prediction of $-0.1 by -60.92%