Purecycle Technologies

PCT · NASDAQ

$2.93+$0.01 (+0.34%)TodayMarket closed · Oct 20, 7:44 PM ET

Prev close $2.92

PCT analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $11.73 (+300.3% upside)

Low: $6.06
Now: $2.93
High: $17.85

Upgrades and downgrades

The latest rating actions, newest first

PCT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Cantor Fitzgerald	Aug 7, 2026	Maintains	Overweight	$14.00 → $12.00	59%
Cantor Fitzgerald	Feb 27, 2026	Maintains	Overweight	$16.00 → $14.00	59%
TD Cowen	Nov 24, 2025	Downgrade	Buy → Hold	$16.00 → $9.00	67%
Seaport Global	Oct 22, 2025	Initiates	Buy	$23.00	—

The case for and against

Updated Dec 15, 2025

Bull case

PureCycle Technologies Inc. has made significant adjustments to its projected gross margins, increasing estimates for FY26 and FY27 to 25% and 30%, respectively, from prior forecasts of 15% and 22%. Additionally, the company expects robust growth in its UPR resin sales, with revised projections indicating 24.5 million pounds in FY25 and 91.1 million pounds in FY26, which translates to anticipated revenues of $33.5 million and $123.9 million for those respective years, up from previous estimates. Furthermore, the planned expansion into Thailand is expected to enhance unit economics due to lower production and labor costs, further supporting the company's positive financial outlook.

Bear case

PureCycle Technologies Inc is primarily engaged in recycling polypropylene through its patented dissolution process, aiming to produce high-quality PureFive resin. Despite the innovative nature of its technology, the company faces significant challenges, including scaling operational efficiencies and securing a consistent supply of feedstock, which are crucial for profitability. Additionally, increased operational costs and competition within the recycling industry may hinder its financial performance and long-term viability, leading to a negative outlook on its stock.

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