TD Cowen analyst Thomas Boyes maintained a Buy rating on PureCycle Technologies (PCT – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $5.13.
According to TipRanks, Boyes is an analyst with an average return of -32.5% and a 17.65% success rate. Boyes covers the Industrials sector, focusing on stocks such as Eos Energy Enterprises, PureCycle Technologies, and Nikola.
Currently, the analyst consensus on PureCycle Technologies is a Moderate Buy with an average price target of $7.75, representing a 51.07% upside. In a report released on March 7, Stifel Nicolaus also reiterated a Buy rating on the stock with a $6.00 price target.
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PCT market cap is currently $843M and has a P/E ratio of -7.88.
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PureCycle Technologies (PCT) Company Description:
Roth CH Acquisition I Co is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
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