PureCycle Technologies Stock Price Jumps 6.7%

Analysts Weigh in on Whether the Recycling Tech Company is Still a Buy

Mar. 21, 2026 at 1:36pm

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PureCycle Technologies, Inc. (NASDAQ:PCT) saw its share price rise 6.7% during mid-day trading on Thursday, reaching as high as $5.88 per share before closing at $5.8450. The company, which operates recycling facilities that convert used polypropylene into ultra-pure recycled resin, saw trading volume of 2,172,787 shares, down 53% from its average session volume.

Why it matters

PureCycle's stock price movement is closely watched by investors as the company's proprietary recycling technology aims to address the growing global demand for sustainable plastic alternatives. The stock's performance reflects market sentiment around the company's future growth potential.

The details

Several research analysts have recently weighed in on PureCycle's stock. TD Cowen reissued a 'hold' rating and set a $9.00 target price, down from $16.00 previously. Cantor Fitzgerald reduced their price target from $16.00 to $14.00 and maintained an 'overweight' rating. Weiss Ratings assigned a 'sell (d-)' rating to the shares. Overall, the consensus rating is 'Moderate Buy' with a $13.00 target price.

  • PureCycle Technologies' share price shot up 6.7% during mid-day trading on Thursday, March 21, 2026.

The players

PureCycle Technologies, Inc.

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

TD Cowen

A research analyst firm that reissued a 'hold' rating and $9.00 target price on PureCycle Technologies' stock.

Cantor Fitzgerald

A research analyst firm that reduced its price target on PureCycle Technologies from $16.00 to $14.00 while maintaining an 'overweight' rating.

Weiss Ratings

A research analyst firm that assigned a 'sell (d-)' rating to PureCycle Technologies' stock.

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What they’re saying

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

— Robert Jenkins, San Francisco resident

The takeaway

PureCycle's stock price jump reflects ongoing investor interest in the company's innovative recycling technology, but the mixed analyst ratings suggest the market remains cautious about the company's near-term growth prospects and ability to execute on its ambitious goals.