Atlas Lithium

ATLX · NASDAQ

$2.05−$0.02 (−0.97%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $2.07

ATLX analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 3 analysts

Average $11.73 (+472.2% upside)

Low: $11.61
Now: $2.05
High: $12.07

Upgrades and downgrades

The latest rating actions, newest first

ATLX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Sep 10, 2026	Maintains	Buy	$12.50 → $11.50	24%
HC Wainwright & Co.	Nov 17, 2025	Maintains	Buy	$18.00 → $12.00	24%

The case for and against

Updated Mar 20, 2025

Bull case

Atlas Lithium Corp is positioned for growth due to its strategic focus on developing the Minas Gerais Lithium Project in Brazil, which aims to produce lithium concentrate crucial for the battery supply chain. The company has received necessary permits, which marks a significant milestone in de-risking its operations while also facilitating local job creation that can enhance its social license. Additionally, ongoing geological studies, positive technical results, and recognition for its lithium plant design indicate strong future potential, particularly with the Salinas Project, which may further unlock shareholder value.

Bear case

Atlas Lithium Corp's stock outlook appears negative due to a significant reduction in the company's target price, revised from $41 to $19, primarily driven by adjustments in lithium price forecasts. This indicates potential challenges for the company's profitability and overall financial health, especially as it focuses on developing its Minas Gerais Lithium Project. The reliance on fluctuating lithium prices raises concerns about revenue stability and the feasibility of maintaining competitive operational costs in the increasingly volatile battery minerals market.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.