PureCycle Technologies Shares Drop After Analyst Downgrade

Cantor Fitzgerald lowers price target on recycling company's stock

Published on Feb. 27, 2026

Got story updates? Submit your updates here. ›

Shares of PureCycle Technologies (NASDAQ:PCT) fell sharply on Friday after investment firm Cantor Fitzgerald downgraded the stock and lowered its price target. The stock opened at $7.50, down from the previous close of $8.12, as Cantor Fitzgerald cut its price target from $16 to $14 while maintaining an Overweight rating.

Why it matters

PureCycle's stock price has been volatile as the company navigates the early stages of commercializing its recycling technology. The analyst downgrade and lower price target reflect concerns about the company's near-term financial performance, even as Cantor Fitzgerald remains optimistic about PureCycle's long-term potential.

The details

In its report, Cantor Fitzgerald cited PureCycle's recent fourth-quarter results, which missed revenue expectations and showed a wider-than-expected loss. The investment firm said the company's commercial ramp-up and capital plans remain on track, but the headline financial figures pressured the stock price.

  • PureCycle Technologies stock closed at $8.12 on Thursday, February 26, 2026.
  • The stock opened at $7.50 on Friday, February 27, 2026, after the analyst downgrade.

The players

PureCycle Technologies, Inc.

A recycling technology company focused on restoring waste polypropylene to a 'virgin-like' state through a proprietary purification process.

Cantor Fitzgerald

An investment firm that covers PureCycle Technologies and recently downgraded the stock and lowered its price target.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

What’s next

The company is expected to provide more details on its commercial ramp-up and capital plans in future updates, which could impact the stock price.

The takeaway

PureCycle's stock volatility reflects the challenges of commercializing new recycling technologies, but the company's long-term potential remains intact despite the near-term headwinds.