In a report released today, Ben Klieve from Lake Street reiterated a Buy rating on Local Bounti Corporation (LOCL – Research Report), with a price target of $3.50. The company’s shares closed yesterday at $0.66.
Klieve covers the Basic Materials sector, focusing on stocks such as S&W Seed Company, Yield10 Bioscience, and Limoneira Co. According to TipRanks, Klieve has an average return of 11.0% and a 46.20% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Local Bounti Corporation with a $2.75 average price target, implying a 316.67% upside from current levels. In a report released on March 20, Deutsche Bank also maintained a Buy rating on the stock with a $2.00 price target.
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The company has a one-year high of $9.66 and a one-year low of $0.30. Currently, Local Bounti Corporation has an average volume of 679.1K.
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