H.C. Wainwright has adjusted its price target for Largo (LGO, Financial), reducing it from $3.90 to $3.70 while maintaining a Buy rating on the stock. This revision comes after the firm reassessed the company's model in light of its first-quarter report. The updated analysis continues to reflect confidence in Largo's potential despite the slight downward adjustment in valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Largo Inc (LGO, Financial) is $9.00 with a high estimate of $9.00 and a low estimate of $9.00. The average target implies an upside of 542.86% from the current price of $1.40. More detailed estimate data can be found on the Largo Inc (LGO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Largo Inc's (LGO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Largo Inc (LGO, Financial) in one year is $2.73, suggesting a upside of 95% from the current price of $1.4. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Largo Inc (LGO) Summary page.
