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Piedmont Lithium (PLL) Stock Forecast, Price Target & Predictions

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PLL Stock Forecast

Piedmont Lithium stock forecast is as follows: an average price target of $9.40 (represents a -23.27% downside from PLL’s last price of $12.25) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

PLL Price Target

The average price target for Piedmont Lithium (PLL) is $9.40 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $9.50 to $9.30. This represents a potential -23.27% downside from PLL's last price of $12.25.

PLL Analyst Ratings

Buy

According to 2 Wall Street analysts, Piedmont Lithium's rating consensus is 'Buy'. The analyst rating breakdown for PLL stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Piedmont Lithium Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024Greg JonesBMO Capital$9.50$8.3014.46%-22.45%
Sep 24, 2024Greg JonesBMO Capital$8.50$7.838.56%-30.61%
Aug 12, 2024Hayden BairstowMacquarie$9.30$8.3012.05%-24.08%
Jul 25, 2024Greg JonesBMO Capital$15.00$10.3944.37%22.45%
May 10, 2024Greg JonesBMO Capital$28.00$13.18112.44%128.57%
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The latest Piedmont Lithium stock forecast, released on Nov 13, 2024 by Greg Jones from BMO Capital, set a price target of $9.50, which represents a 14.46% increase from the stock price at the time of the forecast ($8.30), and a -22.45% decrease from PLL last price ($12.25).

Piedmont Lithium Price Target by Period

1M3M12M
# Anlaysts125
Avg Price Target$9.50$9.00$14.06
Last Closing Price$12.25$12.25$12.25
Upside/Downside-22.45%-26.53%14.78%

In the current month, the average price target of Piedmont Lithium stock is $9.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -22.45% decrease as opposed to Piedmont Lithium's last price of $12.25. This month's average price target is up 5.56% compared to last quarter, and down -32.43% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 16, 2024MacquarieNeutralUnderperformDowngrade
Sep 24, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 12, 2024B. RileyBuyBuyHold
Aug 12, 2024Macquarie-NeutralDowngrade
Jul 25, 2024BMO CapitalMarket PerformMarket PerformHold
May 10, 2024BMO CapitalMarket PerformMarket PerformHold
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Piedmont Lithium's last stock rating was published by BMO Capital on Oct 29, 2024. The company gave PLL a "Market Perform" rating, the same as its previous rate.

Piedmont Lithium Financial Forecast

Piedmont Lithium Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
Revenue---------------------$47.13M
Avg Forecast$41.10M$41.10M$41.10M$41.10M$41.10M$41.10M$41.10M$41.10M$39.11M$36.77M$35.09M$33.07M$28.81M$27.70M$26.44M$42.06M$38.83M$28.00M$16.32M$16.44M$26.55M$63.25M
High Forecast$53.19M$53.19M$53.19M$53.19M$53.19M$53.19M$53.19M$53.19M$50.60M$47.58M$45.40M$42.79M$37.28M$35.84M$34.21M$60.33M$47.13M$36.23M$16.33M$16.44M$36.07M$95.45M
Low Forecast$28.88M$28.88M$28.88M$28.88M$28.88M$28.88M$28.88M$28.88M$27.47M$25.83M$24.65M$23.23M$20.24M$19.46M$18.57M$23.80M$33.09M$19.67M$16.31M$16.44M$15.55M$48.73M
# Analysts1111111111111112421134
Surprise %---------------------0.75%

Piedmont Lithium's average Quarter revenue forecast for Dec 23 based on 3 analysts is $26.55M, with a low forecast of $15.55M, and a high forecast of $36.07M. PLL's average Quarter revenue forecast represents a -43.66% decrease compared to the company's last Quarter revenue of $47.13M (Sep 23).

Piedmont Lithium EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111111112421134
EBITDA---------------------$25.02M
Avg Forecast----------------------
High Forecast----------------------
Low Forecast----------------------
Surprise %----------------------

3 analysts predict PLL's average Quarter EBITDA for Dec 23 to be -, with a high of - and a low of -. This is -100.00% lower than Piedmont Lithium's previous annual EBITDA (Sep 23) of $25.02M.

Piedmont Lithium Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111111112421134
Net Income---------------------$22.89M
Avg Forecast$27.85M$27.88M$27.91M$23.24M$23.26M$23.28M$23.31M$12.61M$-1.69M$-2.35M$-4.64M$-5.55M$-2.87M$-4.37M$-5.15M$-4.09M$-7.54M$-9.62M$-6.99M$-10.10M$31.27M$-11.79M
High Forecast$38.49M$38.53M$38.57M$32.12M$32.15M$32.19M$32.22M$17.43M$-1.04M$-1.44M$-2.84M$-3.40M$-1.76M$-2.68M$-3.16M$6.43M$-5.10M$-5.90M$-4.28M$-6.19M$68.30M$-9.10M
Low Forecast$17.08M$17.10M$17.11M$14.25M$14.27M$14.28M$14.29M$7.73M$-2.34M$-3.25M$-6.41M$-7.67M$-3.97M$-6.04M$-7.12M$-14.62M$-11.42M$-13.30M$-9.66M$-13.96M$12.34M$-13.84M
Surprise %----------------------1.94%

Piedmont Lithium's average Quarter net income forecast for Dec 23 is $31.27M, with a range of $12.34M to $68.30M. PLL's average Quarter net income forecast represents a 36.59% increase compared to the company's last Quarter net income of $22.89M (Sep 23).

Piedmont Lithium SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111111112421134
SG&A---------------------$11.19M
Avg Forecast----------------------
High Forecast----------------------
Low Forecast----------------------
Surprise %----------------------

Piedmont Lithium's average Quarter SG&A projection for Dec 23 is -, based on 3 Wall Street analysts, with a range of - to -. The forecast indicates a -100.00% fall compared to PLL last annual SG&A of $11.19M (Sep 23).

Piedmont Lithium EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23
# Analysts1111111111111112421134
EPS---------------------$1.19
Avg Forecast$1.45$1.45$1.45$1.21$1.21$1.21$1.21$0.66$-0.09$-0.12$-0.24$-0.29$-0.15$-0.23$-0.27$-0.21$-0.39$-0.50$-0.36$-0.52$1.63$-0.61
High Forecast$2.00$2.00$2.01$1.67$1.67$1.67$1.67$0.91$-0.05$-0.08$-0.15$-0.18$-0.09$-0.14$-0.16$0.33$-0.26$-0.31$-0.22$-0.32$3.55$-0.47
Low Forecast$0.89$0.89$0.89$0.74$0.74$0.74$0.74$0.40$-0.12$-0.17$-0.33$-0.40$-0.21$-0.31$-0.37$-0.76$-0.59$-0.69$-0.50$-0.73$0.64$-0.72
Surprise %----------------------1.94%

According to 3 Wall Street analysts, Piedmont Lithium's projected average Quarter EPS for Dec 23 is $1.63, with a low estimate of $0.64 and a high estimate of $3.55. This represents a 36.57% increase compared to PLL previous annual EPS of $1.19 (Sep 23).

Piedmont Lithium Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LACLithium Americas$3.74$16.96353.48%Buy
VALEVale$10.02$17.5374.95%Buy
RIORio Tinto Group$62.43$90.4044.80%Buy
MPMP Materials$18.02$23.5730.80%Buy
BHPBHP Group$52.68$47.80-9.26%Hold
TECKTeck Resources$47.13$40.31-14.47%Buy
PLLPiedmont Lithium$12.25$9.40-23.27%Buy

PLL Forecast FAQ

Is Piedmont Lithium a good buy?

Yes, according to 2 Wall Street analysts, Piedmont Lithium (PLL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of PLL's total ratings.

What is PLL's price target?

Piedmont Lithium (PLL) average price target is $9.4 with a range of $9.3 to $9.5, implying a -23.27% from its last price of $12.25. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Piedmont Lithium stock go up soon?

According to Wall Street analysts' prediction for PLL stock, the company can go down by -23.27% (from the last price of $12.25 to the average price target of $9.4), down by -22.45% based on the highest stock price target, and down by -24.08% based on the lowest stock price target.

Can Piedmont Lithium stock reach $20?

PLL's average twelve months analyst stock price target of $9.4 does not support the claim that Piedmont Lithium can reach $20 in the near future.

What is Piedmont Lithium's current price target trend?

1 Wall Street analyst forecast a $9.5 price target for Piedmont Lithium (PLL) this month, down -22.45% from its last price of $12.25. Compared to the last 3 and 12 months, the average price target decreased by -26.53% and increased by 14.78%, respectively.

What are Piedmont Lithium's analysts' financial forecasts?

Piedmont Lithium's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $164.41M (high $212.76M, low $115.5M), average EBITDA is $0 (high $0, low $0), average net income is $82.46M (high $113.99M, low $50.57M), average SG&A $0 (high $0, low $0), and average EPS is $4.29 (high $5.92, low $2.63). PLL's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $164.41M (high $212.76M, low $115.5M), average EBITDA is $0 (high $0, low $0), average net income is $106.87M (high $147.72M, low $65.54M), average SG&A $0 (high $0, low $0), and average EPS is $5.55 (high $7.68, low $3.41).

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

In terms of the last quarterly report (Sep 2023), Piedmont Lithium's revenue was $47.13M, missing the average analysts' forecast of $63.25M by -25.49%. The company's EBITDA was $25.02M, beating the average prediction of $0 by 0%. Piedmont Lithium's net income was $22.89M, missing the average estimation of $-11.792M by -294.12%. The company's SG&A was $11.18M, beating the average forecast of $0 by 0%. Lastly, the company's EPS was $1.19, missing the average prediction of $-0.613 by -294.15%