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Investing.com - Cantor Fitzgerald maintained its Overweight rating and $16.00 price target on PureCycle Technologies (NASDAQ:PCT) following investor meetings with the company’s management team. The stock, currently trading at $12.69, has shown remarkable momentum with a 124% return over the past year, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The investment firm hosted PCT’s management for meetings with both long/short and long-only investors in New York and Boston last week, according to a research note published Tuesday.
Investors primarily focused their questions on production at the company’s Ironton facility, trial progress, timelines for new manufacturing facilities in Thailand, Belgium, and Georgia, and the integration of compounding operations.
Additional topics of investor interest included unit economics, energy efficiency, and the company’s liquidity status, the research note indicated.
Cantor Fitzgerald maintained its 12-month price target of $16.00 for PureCycle Technologies, representing significant upside potential from the stock’s current trading level.
In other recent news, PureCycle Technologies has secured $300 million in funding to enhance its global recycling capacity, aiming for one billion pounds of production by 2030. This capital raise involves contributions from investors such as Duquesne Family Office LLC and Wasserstein Debt Opportunities. Additionally, PureCycle Technologies produced 3.4 million pounds of resin in the second quarter of 2025, achieving 87% onstream time in April and May, and successfully completing a rate test in August at 14,000 pounds per hour. These production achievements have led Cantor Fitzgerald to reiterate its Overweight rating with a $16.00 price target. Similarly, TD Cowen has raised its price target for PureCycle Technologies to $16.00 from $13.00, maintaining a Buy rating. The company also announced a partnership with Emerald Carpets, focusing on trade show carpets, further expanding its commercial pipeline. These developments highlight PureCycle’s strategic moves to bolster its production capabilities and market presence.
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