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home / news releases / LAC:CC - Lithium Americas Stock Forecast: Can The Price Reach $50?

LAC:CC - Lithium Americas Stock Forecast: Can The Price Reach $50?

Lithium Americas Corp.
  • Lithium Americas is an early-stage mining company that's still deeply unprofitable. Also, the consensus estimates suggest that its revenue growth could slow significantly in FY24.
  • Our price action analysis in LAC stock and lithium futures suggests caution is warranted. Moreover, the series of double top bull traps in LAC stock is also not constructive.
  • We rate LAC stock as a Hold for now. However, we may reassess our rating if we observe a significant change in its fundamentals or price action structure.
  • As a result, we are not confident it could reach a new high at $50 anytime soon.

For further details see:

Lithium Americas Stock Forecast: Can The Price Reach $50?
Stock Information
Company Name: Lithium Americas Corp.
Stock Symbol: LAC:CC
Market: TSXC
Website: lithiumamericas.com
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