Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 15 analysts that cover Freeport-McMoRan stock have a consensus rating of "Strong Buy" and an average price target of $60.73, which forecasts a 5.27% increase in the stock price over the next year. The lowest target is $42 and the highest is $77.

Price Target: $60.73 (+5.27%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$42	$60.73	$66	$77
Change	-27.20%	+5.27%	+14.40%	+33.47%

Analyst Ratings

The average analyst rating for Freeport-McMoRan stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	7	7	9	8	9	8
Buy	6	6	6	6	5	5
Hold	3	3	2	2	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	17	16	17	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexander Hacking Citigroup	Citigroup	Strong Buy Maintains $67 → $66	Strong Buy	Maintains	$67 → $66	+14.40%	May 4, 2026
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $70 → $66	Buy → Hold	Downgrades	$70 → $66	+14.40%	Apr 24, 2026
Timna Tanners Wells Fargo	Wells Fargo	Buy Maintains $64 → $77	Buy	Maintains	$64 → $77	+33.47%	Apr 15, 2026
Orest Wowkodaw Scotiabank	Scotiabank	Buy Maintains $72 → $71	Buy	Maintains	$72 → $71	+23.07%	Apr 14, 2026
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $68 → $76	Buy	Maintains	$68 → $76	+31.74%	Apr 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

28.55B

Increased by 10.16%

from 25.92B

Revenue Next Year

34.41B

Increased by 20.52%

from 28.55B

EPS This Year

2.54

Increased by 67.04%

from 1.52

EPS Next Year

3.71

Increased by 46.26%

from 2.54

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	22.85B	22.78B	22.86B	25.46B	25.92B	28.55B	34.41B
Revenue Growth	60.90%	-0.29%	0.33%	11.38%	1.81%	10.16%	20.52%
EPS	2.90	2.39	1.28	1.30	1.52	2.54	3.71
EPS Growth	607.32%	-17.59%	-46.44%	1.56%	16.92%	67.04%	46.26%
Forward PE	-	-	-	-	-	22.72	15.54
No. Analysts	-	-	-	-	-	26	26

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	33.0B	44.3B
Avg	28.5B	34.4B
Low	25.1B	30.4B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	27.2%	55.0%
Avg	10.2%	20.5%
Low	-3.0%	6.4%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	3.34	5.64
Avg	2.54	3.71
Low	1.53	2.01

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	119.7%	122.1%
Avg	67.0%	46.3%
Low	0.6%	-20.9%

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 sources.