MP Materials (MP, Financial) has experienced a boost in its price target, now set at $38, up from the previous $30, according to a recent update from Baird analyst Ben Kallo. The firm maintains its Outperform rating on the stock. This revision follows a thorough assessment of MP's potential for growth under optimistic market conditions. The analysis reflects a belief in the company's long-term prospects and future performance.
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 $28.96 with a high estimate of $38.00 and a low estimate of $20.00. The average target implies an downside of 16.42% from the current price of $34.65. 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 1.8, 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 $25.52, suggesting a downside of 26.35% from the current price of $34.65. 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.
