5 Most Promising EV Battery Stocks According to Analysts

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In this article, we discuss the 5 most promising EV battery stocks according to analysts. To read the detailed analysis of the EV battery industry, go directly to the 11 Most Promising EV Battery Stocks According to Analysts.

5. Nouveau Monde Graphite Inc. (NYSE:NMG)

Stock Price: $2.53

Average Analyst Price Target: $6.10

Average Analyst Price Target Upside: 141.23%

Nouveau Monde Graphite Inc. (NYSE:NMG) is a Canadian company that focuses on graphite-based material solutions utilized in the lithium-ion and fuel cell markets. Nouveau Monde Graphite Inc. (NYSE:NMG) is one of the most promising EV battery stocks according to analysts.

On November 14, Roth MKM analyst Joe Reagor lowered the price target on Nouveau Monde Graphite Inc. (NYSE:NMG)’s stock to $5.30 from $9 and maintained a Buy rating on the shares.

3 Wall Street analysts covered Nouveau Monde Graphite Inc. (NYSE:NMG) over the last three months, and all kept a Buy-equivalent rating on the stock. As of the December 21 market close, the average price target of $6.10 had an upside of 141.23%.

Follow Nouveau Monde Graphite Inc.

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