Purecycle Technologies Stock Target Price and Analyst Consensus

PCT Stock  USD 11.68  0.31  2.59%   
The current analyst and expert consensus on Purecycle Technologies is Strong Buy, with 3 strong buy opinions. The current projected Purecycle Technologies target price consensus is 12.92 with 5 analyst opinions. Check out Macroaxis Advice on Purecycle Technologies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.
The most common way Purecycle Technologies analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Purecycle Technologies executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Purecycle Technologies. We strongly encourage you to use your own analysis of Purecycle Technologies to validate this buy or sell advice. Purecycle Technologies buy-or-sell recommendation module provides average expert sentiment on the projected Purecycle Technologies target price to derive its highest and lowest estimates based on projected price volatility of 8.319.
Lowest Forecast
11.76
Highest Forecast
14.34
Target Price
12.92
Gross Profit is likely to drop to about (19.8 M) in 2024. At this time, Purecycle Technologies' Other Current Assets are comparatively stable compared to the past year. Total Liabilities is likely to gain to about 650.1 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 33.2 M in 2024.
  
It's important to approach Purecycle Technologies' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Purecycle Technologies price targets

Purecycle Technologies' stock target price is an estimate of its future price, usually made by analysts. Using Purecycle Technologies' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Purecycle Technologies' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Purecycle Technologies' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Purecycle Technologies Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Purecycle Technologies is a key component of Purecycle Technologies valuation and have some predictive power on the future returns of a Purecycle Technologies.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Purecycle Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
3.9812.2320.48
Details
Intrinsic
Valuation
LowRealHigh
3.5711.8220.07
Details
Naive
Forecast
LowNextHigh
1.609.8618.11
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.36-0.3-0.26
Details

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Additional Tools for Purecycle Stock Analysis

When running Purecycle Technologies' price analysis, check to measure Purecycle Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.