Lithium Americas (LAC) Stock Surges 3% as JPMorgan Sees 100% Upside
TLDR
- JPMorgan upgraded Lithium Americas from Neutral to Overweight with a $6.00 price target, implying 100% upside from the prior close.
- The upgrade followed JPMorgan’s internal commodity refresh, which raised lithium price assumptions and lifted net asset value projections from 2029 onward.
- Lithium carbonate equivalent pricing currently stands at $22.30 per kilogram, holding above $20/kg since mid-February.
- Thacker Pass construction is well advanced, with detailed engineering over 95% complete and procurement over 80% done.
- LAC stock had fallen roughly 35% over the prior six months and was trading near its 52-week low before today’s move.
Lithium Americas Corp (LAC) jumped 3.3% in pre-market trading on September 9, 2026, after JPMorgan upgraded the stock from Neutral to Overweight. The stock was trading around $3.00 before the move.
JPMorgan set a price target of $6.00 in U.S. dollars, equivalent to C$8.00. That target implies roughly 100% upside from where the stock was trading.
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