The firm set a "buy" rating and a $36.00 price target on the stock. HSBC's price objective would suggest a potential upside of 42.24% from the stock's previous close. LAC investor needs to get used to price swing, at least until mid-summer when LAC will become a producing mine. In mean time fluctuation will be normal.
Will LAC stock go up?
Will Lithium Americas stock price grow / rise / go up? Yes. The LAC stock price can go up from 24.550 USD to 38.703 USD in one year.
What is the price target of LAC?
High $44.00
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Median $40.00
Low $23.62
Average $38.17
Current Price $31.38
Who buys lithium from Lithium Americas?
Ganfeng has agreed to purchase, by way of a private placement, 75,000,000 common shares of the Company at a price of C$0.85 per common share for gross proceeds of C$64 million (US$49 million).
What is the future of LAC stock?
Lithium Americas Corp quote is equal to 24.550 USD at 2022-01-30. Based on our forecasts, a long-term increase is expected, the "LAC" stock price prognosis for 2027-01-22 is 97.053 USD. With a 5-year investment, the revenue is expected to be around +295.33%. Your current $100 investment may be up to $395.33 in 2027.
Is LAC a good company?
The financial health and growth prospects of LAC, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.
Is Lithium Americas a good stock to buy?
Is Lithium Americas a buy right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lithium Americas in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Lithium Americas stock.