Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 13 analysts that cover Freeport-McMoRan stock have a consensus rating of "Buy" and an average price target of $49.85, which forecasts a 12.35% increase in the stock price over the next year. The lowest target is $39 and the highest is $56.

Price Target: $49.85 (+12.35%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$39	$49.85	$50	$56
Change	-12.10%	+12.35%	+12.69%	+26.21%

* Price targets were last updated on Jul 24, 2025.

Analyst Ratings

The average analyst rating for Freeport-McMoRan stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	5	4	3	3	4	4
Buy	4	5	5	6	5	5
Hold	4	4	4	2	5	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	12	11	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Katja Jancic BMO Capital	BMO Capital	Buy Maintains $55 → $54	Buy	Maintains	$55 → $54	+21.70%	Jul 24, 2025
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $45 → $54	Buy → Hold	Downgrades	$45 → $54	+21.70%	Jul 15, 2025
Curt Woodworth UBS	UBS	Strong Buy → Hold Downgrades $45 → $50	Strong Buy → Hold	Downgrades	$45 → $50	+12.69%	Jul 11, 2025
Orest Wowkodaw Scotiabank	Scotiabank	Buy Maintains $48 → $52	Buy	Maintains	$48 → $52	+17.20%	Jul 9, 2025
Paul Forward Stifel	Stifel	Strong Buy Initiates $56	Strong Buy	Initiates	$56	+26.21%	Jul 9, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

27.69B

Increased by 8.79%

from 25.46B

Revenue Next Year

30.82B

Increased by 11.30%

from 27.69B

EPS This Year

1.84

Increased by 41.67%

from 1.30

EPS Next Year

2.73

Increased by 48.00%

from 1.84

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	14.20B	22.85B	22.78B	22.86B	25.46B	27.69B	30.82B
Revenue Growth	-1.42%	60.90%	-0.29%	0.33%	11.38%	8.79%	11.30%
EPS	0.41	2.90	2.39	1.28	1.30	1.84	2.73
EPS Growth	-	607.32%	-17.59%	-46.44%	1.56%	41.67%	48.00%
Forward PE	-	-	-	-	-	24.09	16.28
No. Analysts	-	-	-	-	-	23	23

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	29.5B	34.9B
Avg	27.7B	30.8B
Low	25.8B	27.7B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	16.0%	25.9%
Avg	8.8%	11.3%
Low	1.5%	0.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.50	4.26
Avg	1.84	2.73
Low	1.47	1.62

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	92.2%	131.5%
Avg	41.7%	48.0%
Low	13.1%	-12.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.