In a recent update from JP Morgan, analyst Bill Peterson has maintained a Neutral rating for MP Materials (MP, Financial). The latest evaluation comes with a slight adjustment in the price target, moving from a previous figure of $22.00 USD to a new target of $21.00 USD.
The adjustment represents a 4.55% decrease in the price target, indicating a cautious outlook on the stock's performance. Despite this adjustment, the Neutral rating signifies that the current market conditions are seen as balanced, without a strong push towards a bullish or bearish sentiment for MP Materials (MP, Financial).
This information comes as part of JP Morgan's ongoing analysis of the market, reflecting updated forecasts and market conditions. Investors in MP Materials (MP, Financial) may consider this information when evaluating their positions as the stock continues to navigate the economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for MP Materials Corp (MP, Financial) is $27.16 with a high estimate of $32.00 and a low estimate of $21.60. The average target implies an upside of 10.86% from the current price of $24.50. More detailed estimate data can be found on the MP Materials Corp (MP) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, MP Materials Corp's (MP, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MP Materials Corp (MP, Financial) in one year is $29.39, suggesting a upside of 19.96% from the current price of $24.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MP Materials Corp (MP) Summary page.
