MP Materials (MP) Stock Forecast & Price Target

$13.90

+0.10 (+0.72%)

(As of 07/26/2024 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

Moderate Buy
Based on 10 Analyst Ratings

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

$20.50
47.48% Upside

High Forecast	$30.00
Average Forecast	$20.50
Low Forecast	$14.00

According to the 10 analysts' twelve-month price targets for MP Materials, the average price target is $20.50. The highest price target for MP is $30.00, while the lowest price target for MP is $14.00. The average price target represents a forecasted upside of 47.48% from the current price of $13.90.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
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)	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.50	$23.50	$23.64	$38.14
Forecasted Upside	47.48% Upside	52.79% Upside	51.47% Upside	34.45% Upside

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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.

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.

MP Materials Stock vs. The Competition

Type	MP Materials	Basic Materials Companies	S&P 500
Consensus Rating Score	2.60	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	48.01% Upside	306.42% Upside	9.14% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$16.00 ➝ $15.00	+5.34%
7/15/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$24.00 ➝ $20.00	+28.04%
7/15/2024	BMO Capital Markets 3 of 5 stars	G. Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$16.50	+5.63%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$25.00 ➝ $24.00	+95.44%
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$15.50 ➝ $14.00	+2.41%
5/14/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$30.00	+69.49%
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4/11/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$17.00 ➝ $15.00	-11.40%
3/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$36.00 ➝ $28.00	+114.40%
3/13/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$23.00 ➝ $22.00	+66.92%
9/6/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
7/11/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$42.00 ➝ $39.00	+54.46%
10/20/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$40.00	+42.65%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:44 PM ET.

MP Forecast - Frequently Asked Questions

What is MP Materials' forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for MP Materials is $20.50, with a high forecast of $30.00 and a low forecast of $14.00.
Should I buy or sell MP Materials stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MP Materials in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MP shares.
Does MP Materials's stock price have much upside?: According to analysts, MP Materials's stock has a predicted upside of 39.46% based on their 12-month stock forecasts.
What analysts cover MP Materials?: MP Materials has been rated by research analysts at Bank of America, Benchmark, BMO Capital Markets, JPMorgan Chase & Co., Morgan Stanley, and Robert W. Baird in the past 90 days.
Do Wall Street analysts like MP Materials more than its competitors?: 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 2.64. Learn more on how MP compares to other companies.