Canaccord analyst George Gianarikas raised the firm’s price target on MP Materials (MP) to $82 from $79 and keeps a Buy rating on the shares. The firm’s target change is based on some model adjustments and, importantly, management’s continued progress to scaling production.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- MP Materials reports Q1 EPS 3c, consensus (4c)
- Billions Flow Into Critical Minerals as West Races to Reduce Supply Risk
- Daniel Ives Is Betting on These 2 US Rare Earth Stocks Amid the Push to Break China’s Grip
- MP Materials (MP) Stock Surges after Wedbush Calls It ‘Nearly Irreplaceable’ with Big Upside
- MP Materials call volume above normal and directionally bullish
