Pilbara Minerals Share Price (ASX: PLS) May Have Bottomed Out, Says Broker

Pilbara Minerals Ltd (ASX: PLS), a prominent ASX lithium stock, has endured a rough year. The share price has plummeted nearly 40% in the past 12 months. Concerns about the company’s valuation have been voiced by brokers like UBS, who believe the stock price factored in a higher lithium price than they deem achievable.