JPMorgan has revised its price target for MP Materials (MP, Financial), increasing it from $18 to $64 while maintaining a Neutral rating on the stock. This adjustment comes as the firm updates its assessment of the company in anticipation of the upcoming Q2 report. A strategic alliance with Apple has enhanced MP's earnings outlook, giving it a leading position in its industry and justifying a higher valuation, according to JPMorgan's analysis. Despite this, the firm believes that the company's current share price already reflects its anticipated growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for MP Materials Corp (MP, Financial) is $44.07 with a high estimate of $67.00 and a low estimate of $21.60. The average target implies an downside of 30.30% from the current price of $63.22. More detailed estimate data can be found on the MP Materials Corp (MP) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, MP Materials Corp's (MP, Financial) average brokerage recommendation is currently 2.0, 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 $27.65, suggesting a downside of 56.26% from the current price of $63.22. 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.
