Raymond James Lifts PT on Standard Lithium (SLI) Stock

Standard Lithium Ltd. (NYSEAMERICAN:SLI) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 4, Raymond James lifted the price objective on the company’s stock to $4.00 from $2.75, while maintaining an “Outperform” rating. The firm believes that the increasing maturation of Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s projects as well as model adjustments are the key factors responsible for the increased valuation. Notably, the firm sees the company as a leader in Direct Lithium Extraction (DLE) with an emphasis towards advancing its portfolio of lithium-brine projects in the US.

Raymond James Lifts PT on Standard Lithium (SLI) Stock

Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s cash and working capital came in at $33.8 million and $30.6 million, respectively, as of June 30, 2025. The company has no term or revolving debt obligations. Smackover Lithium, which is a JV between Standard Lithium Ltd. (NYSEAMERICAN:SLI) and Equinor, announced the positive results of a Definitive Feasibility Study for its South West Arkansas project. Talking about highlights, the first production has been targeted for 2028, with the projected initial production capacity of 22,500 tonnes per annum of battery-quality lithium carbonate for the project.

While we acknowledge the potential of SLI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SLI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.