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MP Materials Corp has a consensus price target of $26.5 based on the ratings of 15 analysts. The high is $60 issued by Northland Capital Markets on June 6, 2022. The low is $12.5 issued by Deutsche Bank on August 6, 2024. The 3 most-recent analyst ratings were released by Deutsche Bank, Benchmark, and JP Morgan on August 6, 2024, August 2, 2024, and July 23, 2024, respectively. With an average price target of $19.17 between Deutsche Bank, Benchmark, and JP Morgan, there's an implied 48.01% upside for MP Materials Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MP Materials (NYSE:MP) was reported by Deutsche Bank on August 6, 2024. The analyst firm set a price target for $12.50 expecting MP to fall to within 12 months (a possible -3.47% downside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for MP Materials (NYSE:MP) was provided by Deutsche Bank, and MP Materials maintained their hold 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 August 6, 2024 so you should expect the next rating to be made available sometime around August 6, 2025.
While ratings are subjective and will change, the latest MP Materials (MP) rating was a maintained with a price target of $13.50 to $12.50. The current price MP Materials (MP) is trading at is $12.95, which is out of the analyst’s predicted range.
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