The Latest Analyst Ratings For Arcadium Lithium
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Arcadium Lithium (NYSE:ALTM) over the past three months, with a notable decrease in the average 12-month price target by 21.37%. The company, formed from the Allkem-Livent merger, benefits from increased lithium demand due to EV adoption. Despite strong revenue growth and profitability, its return on assets lags behind industry averages.
September 20, 2024 | 2:00 pm
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Arcadium Lithium (NYSE:ALTM) has received mixed analyst ratings, with a decrease in the average price target by 21.37%. Despite strong revenue growth and profitability, the company's return on assets is below industry averages.
The decrease in the average price target by 21.37% indicates a negative sentiment shift among analysts, which could lead to short-term downward pressure on the stock price. However, the company's strong revenue growth and profitability metrics provide some positive aspects, though the low return on assets suggests operational challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100