Jefferies Reaffirms Their Buy Rating on PureCycle Technologies (PCT)

Jefferies analyst Hamzah Mazari maintained a Buy rating on PureCycle Technologies (PCTResearch Report) yesterday and set a price target of $25.00. The company’s shares closed last Thursday at $9.24, close to its 52-week low of $4.94.

According to, Mazari is a 4-star analyst with an average return of 8.5% and a 57.1% success rate. Mazari covers the Services sector, focusing on stocks such as Republic Services, Waste Connections, and GFL Environmental.

Currently, the analyst consensus on PureCycle Technologies is a Strong Buy with an average price target of $23.67, representing a 185.9% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $16.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on PureCycle Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $20.98 million. In comparison, last year the company had a GAAP net loss of $6.61 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on PCT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More