Northland Securities analyst Abhishek Sinha maintained a Buy rating on MP Materials (MP – Research Report) today and set a price target of $32.00. The company’s shares closed yesterday at $15.67.
According to TipRanks, Sinha is an analyst with an average return of -34.1% and a 14.89% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MP Materials with a $27.63 average price target, which is a 76.32% upside from current levels. In a report released on November 14, Benchmark Co. also maintained a Buy rating on the stock with a $30.00 price target.
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MP market cap is currently $2.79B and has a P/E ratio of 28.11.
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MP Materials (MP) Company Description:
MP Materials is one of the largest producers of rare earth materials, accounting for about 15% of the global supply. It operates the Mountain Pass Rare Earth Mine and Processing Facility. These rare earth materials are a critical input for powering EVs, drones, wind turbines, and other advanced technologies.
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