Lets look at what the experts think:
·29 Sep 2021 *DJ Orocobre Target Price Raised 29% To A$8.50/Share By Morgan Stanley>Ore.Au
·27 Aug*DJ Orocobre Target Price Raised 17% To A$10.50/Share By Citi>Ore.Au
·26 Aug 2021 *DJ Orocobre Target Price Cut 1.8% To A$10.80/Share By Macquarie>Ore.Au
·26 Aug 2021 *DJ Orocobre Price Target Cut 6.4% To A$10.20/Share By Jpmorgan
·16 Aug 2021*DJ Orocobre Target Price Raised 22% To A$11.00/Share By Canaccord Genuity>Ore....
·02 Jul 2021 *DJ Orocobre Target Price Cut 4% To A$6.32/Share By Credit Suisse>Ore.Au
- Morningstar consensus from 9 brokers $7.74 (conveniently there is a broker with name withheld on mornigstar that is clearly dragging the average price target down significantly!)
FYIback in 28 Jan 2021:
*DJ Orocobre Target Price Raised 75% ToA$5.00/Share By Credit Suisse>Ore.Au
Prices of Carbonate, hydroxide and spodumene have allrisen over 100% since Jan 2021… Interesting.
Take out Credit Suisse who seem content on thereJuly price target (apparently nothing fundamentally has changed in that time) andthe average of the above 5 brokers is $10.20.
Notadvice
