Sigma Lithium price target raised to $11 from $7 at BofA

BofA analyst Rock Hoffman raised the firm’s price target on Sigma Lithium (SGML) to $11 from $7 and keeps a Neutral rating on the shares. The firm increased its Q4 and FY26 EBITDA estimates, driven by higher lithium prices, but its multiple compresses given heightened liquidity risk. At the current earnings profile, an equity raise may be considered and under normal market conditions this would be negative, but with the lithium cycle turning, this could “also be a catalyst for value creation,” the analyst tells investors.