MP Materials Stock Gains Amid Analyst Optimism Despite Mixed Financials
MP Materials shares ROSE 3.4% to $60.17 despite below-average trading volume, as Wall Street firms increasingly endorse the rare-earth producer. The stock now carries a consensus 'Moderate Buy' rating with a $78.73 price target, implying 35% upside potential.
Recent analyst actions reveal growing conviction. Jefferies upgraded to Buy with an $80 target in August, while Deutsche Bank and Goldman Sachs initiated coverage with bullish ratings. This Optimism persists despite Q3 results showing a $0.10 per share loss on 14.9% lower revenue of $53.55 million.
Notable divergence appears in trading activity. Insiders disposed of $27.8 million in shares last quarter, while institutions accumulated positions. The light-volume rally suggests cautious participation, leaving room for stronger moves if conviction builds.
