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Li-Cycle (LICY) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

LICY Stock Forecast

Li-Cycle stock forecast is as follows: an average price target of $9.60 (represents a 548.65% upside from LICY’s last price of $1.48) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

LICY Price Target

The average price target for Li-Cycle (LICY) is $9.60 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $7.00. This represents a potential 548.65% upside from LICY's last price of $1.48.

LICY Analyst Ratings

Buy

According to 3 Wall Street analysts, Li-Cycle's rating consensus is 'Buy'. The analyst rating breakdown for LICY stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Li-Cycle Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 01, 2023Citigroup$7.00$5.5027.27%372.97%
Dec 15, 2022Citigroup$7.50$5.2941.78%406.76%
Sep 30, 2022Morgan Stanley$7.00$5.5126.93%372.97%
Sep 16, 2022Brian DobsonLoop Capital Markets$13.00$6.01116.13%778.38%
Sep 15, 2022Chardan Capital$13.00$6.39103.28%778.38%
Sep 15, 2022Robert W. Baird$8.00$6.7418.78%440.54%
Jun 15, 2022Robert W. Baird$11.00$7.1254.49%643.24%
Jun 03, 2022Morgan Stanley$8.00$8.00-440.54%

The latest Li-Cycle stock forecast, released on Feb 01, 2023 by Citigroup company, set a price target of $7.00, which represents a 27.27% increase from the stock price at the time of the forecast ($5.50), and a 372.97% increase from LICY last price ($1.48).

Li-Cycle Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$1.48$1.48$1.48
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Li-Cycle stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Li-Cycle's last price of $1.48. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 15, 2022CitigroupBuyBuyHold
Sep 30, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Sep 15, 2022Chardan CapitalBuyBuyHold
Jun 03, 2022Morgan StanleyEqual-WeightEqual-WeightHold

Li-Cycle's last stock rating was published by Citigroup on Dec 15, 2022. The company gave LICY a "Buy" rating, the same as its previous rate.

Li-Cycle Financial Forecast

Li-Cycle Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue-----------------$4.70M-$3.60M------
Avg Forecast$137.82M$137.72M$70.81M$57.35M$7.27M$7.51M$7.44M$6.19M$8.28M$8.47M$8.15M$7.10M$7.00M$6.99M$4.28M$4.84M$1.84M$2.79M$8.30M$6.40M$9.31M$10.62M$6.09M$6.77M$5.42M$1.53M
High Forecast$150.51M$150.40M$77.33M$62.63M$7.94M$8.21M$8.12M$6.76M$9.04M$9.25M$8.90M$7.39M$8.00M$7.63M$4.67M$5.29M$2.65M$3.05M$9.06M$6.99M$10.17M$10.62M$6.09M$6.77M$5.42M$1.84M
Low Forecast$125.14M$125.05M$64.30M$52.07M$6.60M$6.82M$6.76M$5.62M$7.51M$7.69M$7.40M$6.80M$6.00M$6.34M$3.88M$4.40M$1.40M$2.53M$7.54M$5.81M$8.45M$10.62M$6.09M$6.77M$5.42M$1.23M
# Analysts1111111111122111311111991020
Surprise %-----------------1.68%-0.56%------

Li-Cycle's average Quarter revenue forecast for Dec 23 based on 3 analysts is $1.84M, with a low forecast of $1.40M, and a high forecast of $2.65M. LICY's average Quarter revenue forecast represents a -60.90% decrease compared to the company's last Quarter revenue of $4.70M (Sep 23).

Li-Cycle EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111122111311111991020
EBITDA-----------------$-36.40M-$-30.40M------
Avg Forecast$-137.82M$-137.72M$-70.81M$-57.35M$-7.27M$-7.51M$-7.44M$-6.19M$-8.28M$-8.47M$-8.15M$-7.10M$-7.00M$-6.99M$-4.28M$-4.84M$-1.84M$-2.79M$-8.30M$-6.40M$-9.31M$-10.62M$-10.79M$-6.77M$-5.42M$-5.22M
High Forecast$-125.14M$-125.05M$-64.30M$-52.07M$-6.60M$-6.82M$-6.76M$-5.62M$-7.51M$-7.69M$-7.40M$-6.80M$-6.00M$-6.34M$-3.88M$-4.40M$-1.40M$-2.53M$-7.54M$-5.81M$-8.45M$-10.62M$-8.63M$-6.77M$-5.42M$-4.17M
Low Forecast$-150.51M$-150.40M$-77.33M$-62.63M$-7.94M$-8.21M$-8.12M$-6.76M$-9.04M$-9.25M$-8.90M$-7.39M$-8.00M$-7.63M$-4.67M$-5.29M$-2.65M$-3.05M$-9.06M$-6.99M$-10.17M$-10.62M$-12.95M$-6.77M$-5.42M$-6.26M
Surprise %-----------------13.04%-4.75%------

undefined analysts predict LICY's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Li-Cycle's previous annual EBITDA (undefined) of $NaN.

Li-Cycle Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111122111311111991020
Net Income-----------------$-130.50M-$-39.40M------
Avg Forecast$-38.49M$-38.88M$-46.04M$-47.87M$-36.55M$-36.37M$-36.86M$-36.88M$-36.00M$-35.82M$-36.15M$-32.97M$-33.21M$-34.54M$-51.83M$-27.48M$-48.31M$-52.72M$-37.00M$-35.49M$-28.00M$-176.21M$-13.75M$-102.21M$-47.55M$-6.18M
High Forecast$-33.88M$-34.23M$-40.53M$-42.14M$-32.17M$-32.02M$-32.45M$-32.47M$-31.69M$-31.53M$-31.82M$-29.03M$-29.23M$-30.41M$-45.63M$-24.19M$-31.40M$-46.41M$-32.57M$-31.24M$-24.65M$-176.21M$-11.00M$-102.21M$-47.55M$-4.95M
Low Forecast$-43.09M$-43.53M$-51.54M$-53.60M$-40.92M$-40.72M$-41.27M$-41.29M$-40.31M$-40.11M$-40.47M$-36.92M$-37.18M$-38.67M$-58.03M$-30.77M$-55.56M$-59.03M$-41.42M$-39.73M$-31.35M$-176.21M$-16.50M$-102.21M$-47.55M$-7.42M
Surprise %-----------------2.48%-1.11%------

Li-Cycle's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. LICY's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Li-Cycle SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111122111311111991020
SG&A-----------------$37.30M-$26.20M------
Avg Forecast$1.73B$1.73B$890.86M$721.49M$91.46M$94.53M$93.60M$77.84M$104.10M$106.56M$102.53M$89.29M$88.06M$87.90M$53.78M$60.94M$23.12M$35.12M$104.42M$80.50M$117.12M$133.66M$76.64M$85.14M$68.15M$19.28M
High Forecast$1.89B$1.89B$972.85M$787.90M$99.88M$103.23M$102.21M$85.00M$113.69M$116.36M$111.97M$93.03M$100.64M$95.99M$58.73M$66.55M$33.31M$38.35M$114.03M$87.91M$127.90M$133.66M$76.64M$85.14M$68.15M$23.14M
Low Forecast$1.57B$1.57B$808.87M$655.09M$83.04M$85.83M$84.98M$70.67M$94.52M$96.75M$93.09M$85.55M$75.48M$79.81M$48.83M$55.33M$17.55M$31.88M$94.81M$73.09M$106.35M$133.66M$76.64M$85.14M$68.15M$15.42M
Surprise %-----------------1.06%-0.33%------

Li-Cycle's average Quarter SG&A projection for Dec 23 is $23.12M, based on 3 Wall Street analysts, with a range of $17.55M to $33.31M. The forecast indicates a -38.01% fall compared to LICY last annual SG&A of $37.30M (Sep 23).

Li-Cycle EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111122111311111991020
EPS-----------------$-0.73-$-0.22------
Avg Forecast$-1.47$-1.48$-1.76$-1.83$-1.39$-1.39$-1.41$-1.41$-1.37$-1.37$-1.38$-1.26$-1.27$-1.32$-1.98$-1.05$-1.84$-2.01$-1.41$-1.35$-1.07$-0.99$-0.85$-0.57$-0.27$1.25
High Forecast$-1.29$-1.31$-1.55$-1.61$-1.23$-1.22$-1.24$-1.24$-1.21$-1.20$-1.21$-1.11$-1.12$-1.16$-1.74$-0.92$-1.20$-1.77$-1.24$-1.19$-0.94$-0.99$-0.85$-0.57$-0.27$1.25
Low Forecast$-1.64$-1.66$-1.97$-2.05$-1.56$-1.55$-1.58$-1.58$-1.54$-1.53$-1.54$-1.41$-1.42$-1.48$-2.21$-1.17$-2.12$-2.25$-1.58$-1.52$-1.20$-0.99$-0.85$-0.57$-0.27$1.25
Surprise %-----------------0.36%-0.16%------

According to undefined Wall Street analysts, Li-Cycle's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to LICY previous annual EPS of $NaN (undefined).

Li-Cycle Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LICYLi-Cycle$1.50$9.60540.00%Buy
MEGMontrose Environmental Group$17.51$43.00145.57%Buy
PESIPerma-Fix Environmental Services$11.38$18.0058.17%Buy
CLHClean Harbors$239.54$271.5013.34%Buy
CWSTCasella Waste Systems$106.50$119.2511.97%Buy
RSGRepublic Services$205.62$227.5010.64%Buy
GFLGFL Environmental$44.56$48.679.22%Buy
WCNWaste Connections$176.26$192.509.21%Buy

LICY Forecast FAQ

Is Li-Cycle a good buy?

Yes, according to 3 Wall Street analysts, Li-Cycle (LICY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of LICY's total ratings.

What is LICY's price target?

Li-Cycle (LICY) average price target is $9.6 with a range of $7 to $13, implying a 548.65% from its last price of $1.48. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Li-Cycle stock go up soon?

According to Wall Street analysts' prediction for LICY stock, the company can go up by 548.65% (from the last price of $1.48 to the average price target of $9.6), up by 778.38% based on the highest stock price target, and up by 372.97% based on the lowest stock price target.

Can Li-Cycle stock reach $2?

LICY's average twelve months analyst stock price target of $9.6 supports the claim that Li-Cycle can reach $2 in the near future.

What are Li-Cycle's analysts' financial forecasts?

Li-Cycle's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.41M (high $31.03M, low $25.8M), average EBITDA is $-28.411M (high $-25.796M, low $-31.026M), average net income is $-147M (high $-129M, low $-164M), average SG&A $357.43M (high $390.32M, low $324.53M), and average EPS is $-5.597 (high $-4.928, low $-6.267). LICY's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $403.71M (high $440.87M, low $366.56M), average EBITDA is $-404M (high $-367M, low $-441M), average net income is $-171M (high $-151M, low $-192M), average SG&A $5.08B (high $5.55B, low $4.61B), and average EPS is $-6.537 (high $-5.755, low $-7.319).

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

Based on Li-Cycle's last annual report (Dec 2023), the company's revenue was $18.3M, which missed the average analysts forecast of $19.33M by -5.32%. Apple's EBITDA was $-163M, beating the average prediction of $-19.328M by 741.25%. The company's net income was $-138M, missing the average estimation of $-174M by -20.47%. Apple's SG&A was $93.4M, missing the average forecast of $243.16M by -61.59%. Lastly, the company's EPS was $-0.78, missing the average prediction of $-6.623 by -88.22%. In terms of the last quarterly report (Sep 2023), Li-Cycle's revenue was $4.7M, beating the average analysts' forecast of $2.79M by 68.38%. The company's EBITDA was $-36.4M, beating the average prediction of $-2.791M by 1204.07%. Li-Cycle's net income was $-130M, beating the average estimation of $-52.718M by 147.55%. The company's SG&A was $37.3M, beating the average forecast of $35.12M by 6.22%. Lastly, the company's EPS was $-0.73, missing the average prediction of $-2.012 by -63.72%