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MP Materials (MP) Stock Forecast & Price Target

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$18.83 +0.60 (+3.29%)
(As of 11/21/2024 ET)

MP Materials - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
6

Based on 10 Wall Street analysts who have issued ratings for MP Materials in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, and 6 have given a buy rating for MP.

Consensus Price Target

$21.40
13.66% Upside
According to the 10 analysts' twelve-month price targets for MP Materials, the average price target is $21.40. The highest price target for MP is $30.00, while the lowest price target for MP is $12.50. The average price target represents a forecasted upside of 13.66% from the current price of $18.83.
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MP Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$21.40$21.15$20.22$32.71
Forecasted Upside13.66% Upside18.32% Upside56.16% Upside103.95% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

MP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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MP Materials Stock vs. The Competition

TypeMP MaterialsBasic Materials CompaniesS&P 500
Consensus Rating Score
2.60
2.76
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.66% Upside120.36% Upside8.53% Upside
News Sentiment Rating
Positive News

See Recent MP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/25/2024BMO Capital Markets
4 of 5 stars
G. Jones
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Boost TargetMarket Perform ➝ Market Perform$16.00 ➝ $18.50-0.27%
10/21/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$15.00 ➝ $18.00-3.12%
10/1/2024DA Davidson
3 of 5 stars
 Boost TargetBuy ➝ Buy$20.00 ➝ $23.00+31.88%
9/27/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$20.00 ➝ $25.00+47.80%
9/19/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$13.50 ➝ $16.00+9.89%
8/27/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$20.00 ➝ $19.00+47.29%
8/6/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$13.50 ➝ $12.50+15.21%
8/2/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$30.00 ➝ $30.00+171.00%
6/26/2024Bank of America
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 Lower TargetBuy ➝ Buy$25.00 ➝ $24.00+95.44%
3/19/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$36.00 ➝ $28.00+114.40%
9/6/2023Northland Securities
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 UpgradeMarket Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:18 AM ET.


MP Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for MP Materials is $21.40, with a high forecast of $30.00 and a low forecast of $12.50.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MP Materials in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MP shares.

According to analysts, MP Materials's stock has a predicted upside of 13.66% based on their 12-month stock forecasts.

MP Materials has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, DA Davidson, JPMorgan Chase & Co., Morgan Stanley, and Robert W. Baird in the past 90 days.

Analysts like MP Materials less than other "basic materials" companies. The consensus rating score for MP Materials is 2.60 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how MP compares to other companies.


This page (NYSE:MP) was last updated on 11/22/2024 by MarketBeat.com Staff
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