Roth Capital analyst Leo Mariani has revised the price target for LanzaTech (LNZA, Financial), reducing it significantly from $3 to $0.50 while maintaining a Buy rating on the stock. This adjustment follows an internal evaluation by LanzaTech's accountants indicating serious concerns about the company's financial viability.
The analysis adheres to Generally Accepted Accounting Principles (GAAP) and reflects substantial doubt about LanzaTech's ability to continue its operations without additional financial support. This has prompted the management to explore various strategies, including potential capital-raising efforts, cost-cutting strategies, and the possibility of forming partnerships or selling assets.
Despite the backdrop of uncertainty, LanzaTech's fourth-quarter revenue was reported to be in line with expectations. However, the firm's future outlook remains under scrutiny as it navigates these financial challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for LanzaTech Global Inc (LNZA, Financial) is $2.00 with a high estimate of $3.00 and a low estimate of $0.50. The average target implies an upside of 660.46% from the current price of $0.26. More detailed estimate data can be found on the LanzaTech Global Inc (LNZA) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, LanzaTech Global Inc's (LNZA, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
