MP Materials Corp. (MP)
NYSE: MP · IEX Real-Time Price · USD
13.74
+0.94 (7.34%)
At close: Jul 2, 2024, 4:00 PM
13.98
+0.24 (1.75%)
Pre-market: Jul 3, 2024, 4:58 AM EDT
MP Materials Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for MP Materials stock have an average target of 23.56, with a low estimate of 14 and a high estimate of 39. The average target predicts an increase of 71.47% from the current stock price of 13.74.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MP Materials stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 5 | 5 | 5 | 5 |
| Buy | 3 | 3 | 2 | 1 | 1 | 1 |
| Hold | 1 | 1 | 2 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 9 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $25 → $24 | Strong Buy | Maintains | $25 → $24 | +74.67% | Jun 26, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $16 → $14 | Hold | Maintains | $16 → $14 | +1.89% | Jun 21, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +118.34% | May 14, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +118.34% | May 3, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $16 | Buy → Hold | Downgrades | $16 | +16.45% | Apr 23, 2024 |
Financial Forecast
Revenue This Year
214.11M
from 253.45M
Decreased by -15.52%
Revenue Next Year
442.97M
from 214.11M
Increased by 106.89%
EPS This Year
-0.09
from 0.14
EPS Next Year
0.36
from -0.09
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 283.2M | 680.5M | 902.2M | 1.1B | 1.2B |
| Avg | 214.1M | 443.0M | 659.0M | 1.1B | 1.2B |
| Low | 148.9M | 286.2M | 458.6M | 978.0M | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.7% | 217.8% | 103.7% | 74.1% | 15.3% |
| Avg | -15.5% | 106.9% | 48.8% | 63.3% | 13.1% |
| Low | -41.3% | 33.7% | 3.5% | 48.4% | 7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.09 | 0.83 | 1.47 | 2.73 | 2.57 |
| Avg | -0.09 | 0.36 | 1.10 | 2.58 | 2.52 |
| Low | -0.19 | 0.07 | 0.47 | 2.35 | 2.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -32.5% | - | 313.1% | 147.7% | -0.1% |
| Avg | - | - | 209.7% | 133.6% | -2.0% |
| Low | - | - | 32.2% | 113.4% | -6.8% |
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.