MP Materials Corp has a consensus price target of $29.25, established from looking at the 42 latest analyst ratings. The last 3 analyst ratings were released from Benchmark, JP Morgan, and Deutsche Bank on May 3, 2024, April 23, 2024, and April 11, 2024. With an average price target of $20.33 between Benchmark, JP Morgan, and Deutsche Bank, there's an implied 25.51% upside for MP Materials Corp from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for MP Materials (NYSE: MP) was reported by Benchmark on May 3, 2024. The analyst firm set a price target for $30.00 expecting MP to rise to within 12 months (a possible 85.19% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for MP Materials (NYSE: MP) was provided by Benchmark, and MP Materials reiterated their buy rating.
The last upgrade for MP Materials Corp happened on September 6, 2023 when Northland Capital Markets raised their price target to N/A. Northland Capital Markets previously had a market perform for MP Materials Corp.
The last downgrade for MP Materials Corp happened on April 23, 2024 when JP Morgan changed their price target from N/A to $16 for MP Materials Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MP Materials, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MP Materials was filed on May 3, 2024 so you should expect the next rating to be made available sometime around May 3, 2025.
While ratings are subjective and will change, the latest MP Materials (MP) rating was a reiterated with a price target of $0.00 to $30.00. The current price MP Materials (MP) is trading at is $16.20, which is within the analyst’s predicted range.
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