MP Materials Corp. (MP)
NYSE: MP · IEX Real-Time Price · USD
16.78
+0.43 (2.63%)
At close: Apr 17, 2024, 4:00 PM
17.09
+0.31 (1.85%)
Pre-market: Apr 18, 2024, 6:58 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 24.28, with a low estimate of 15 and a high estimate of 39. The average target predicts an increase of 44.70% from the current stock price of 16.78.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MP Materials stock from 10 stock analysts 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 5 | 5 |
| Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Maintains $17 → $15 | Hold | Maintains | $17 → $15 | -10.61% | Apr 11, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $36 → $28 | Strong Buy | Maintains | $36 → $28 | +66.87% | Mar 19, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $23 → $22 | Strong Buy | Maintains | $23 → $22 | +31.11% | Mar 13, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $16 | Buy → Hold | Downgrades | $16 | -7.63% | Mar 13, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $30 → $25 | Strong Buy | Maintains | $30 → $25 | +48.99% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
270.16M
from 253.45M
Increased by 6.60%
Revenue Next Year
496.15M
from 270.16M
Increased by 83.65%
EPS This Year
0.15
from 0.14
Increased by 9.13%
EPS Next Year
0.68
from 0.15
Increased by 342.71%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 316.7M | 670.7M | 902.2M | 2.1B | 3.1B |
| Avg | 270.2M | 496.2M | 724.0M | 1.6B | 3.0B |
| Low | 213.4M | 377.8M | 493.3M | 978.0M | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.0% | 148.3% | 81.8% | 193.7% | 98.5% |
| Avg | 6.6% | 83.7% | 45.9% | 115.1% | 94.7% |
| Low | -15.8% | 39.8% | -0.6% | 35.1% | 85.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.28 | 0.85 | 1.65 | 4.46 | 8.09 |
| Avg | 0.15 | 0.68 | 1.22 | 3.42 | 7.93 |
| Low | 0.01 | 0.37 | 0.51 | 2.35 | 7.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 102.5% | 456.7% | 143.7% | 265.1% | 136.1% |
| Avg | 9.1% | 342.7% | 80.7% | 180.2% | 131.6% |
| Low | -93.0% | 143.7% | -24.7% | 92.4% | 120.3% |
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.