A Closer Look at 4 Analyst Recommendations For Arcadium Lithium
Portfolio Pulse from Benzinga Insights
Arcadium Lithium (NYSE:ALTM) has received mixed analyst ratings in the last three months, with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is now $8.32, significantly lower than the previous $30.00, indicating a bearish sentiment shift. Arcadium Lithium, a lithium producer from the Allkem-Livent merger, faces revenue challenges but has strong profitability indicators like net margin and ROE.
January 22, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Analysts have mixed opinions on ALTM, with a lower average price target of $8.32 compared to the previous $30.00, indicating a negative sentiment shift. Despite revenue decline, the company has strong profitability metrics.
The significant reduction in the average price target from $30.00 to $8.32 suggests that analysts have become more bearish on ALTM's outlook, which could negatively impact investor sentiment and the stock price in the short term. However, the company's strong profitability metrics such as net margin and ROE may provide some support to the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100