5 Cheap Lithium Stocks to Buy According to Analysts

2. Piedmont Lithium Inc. (NASDAQ:PLL)

Average Price Target Based on Analyst Ratings: 43.71           

Upside Potential as of 21 March: 253.93%

P/E Ratio: -11.88

Piedmont Lithium Inc. (NASDAQ:PLL) is an U.S. based mining company, racing on to the sweet lithium reserves in the U.S., Canada, and Ghana. EPS of the company is expected to grow from $-0.36 as of now, to a solid $1.72 by 2025 start. Yahoo Finance is giving away a “buy” stance for the share, as their revenue is expected to hit $155.19 million this year, and $183.7 million next year, expected to boast a strong 18.4% growth.

The hedge funds are also seeing a bright future of the stock, with 12 holding a position in the stock, as of the December 2023 quarter.