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MP Materials (MP) Stock Forecast, Price Target & Predictions

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MP Stock Forecast

MP Materials stock forecast is as follows: an average price target of $23.57 (represents a 30.80% upside from MP’s last price of $18.02) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

MP Price Target

The average price target for MP Materials (MP) is $23.57 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $47.00 to $12.50. This represents a potential 30.80% upside from MP's last price of $18.02.

MP Analyst Ratings

Buy

According to 11 Wall Street analysts, MP Materials's rating consensus is 'Buy'. The analyst rating breakdown for MP stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

MP Materials Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024George GianarikasCanaccord Genuity$23.00$18.4624.58%27.64%
Nov 08, 2024Greg JonesBMO Capital$19.50$18.465.62%8.21%
Oct 01, 2024Matt SummervilleD.A. Davidson$23.00$17.6530.31%27.64%
Sep 19, 2024Carlos De AlbaMorgan Stanley$16.00$14.5310.15%-11.21%
Aug 27, 2024George GianarikasCanaccord Genuity$19.00$12.9047.29%5.44%
Aug 06, 2024Corinne BlanchardDeutsche Bank$12.50$10.4319.85%-30.63%
Jul 22, 2024Laurence AlexanderJefferies$24.00$14.2468.54%33.19%
Jul 15, 2024Greg Jones JonesBMO Capital$16.50$15.625.63%-8.44%
Mar 19, 2024Laurence AlexanderJefferies$28.00$13.08114.07%55.38%
Mar 13, 2024Carlos De AlbaMorgan Stanley$15.50$14.0510.32%-13.98%
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The latest MP Materials stock forecast, released on Nov 11, 2024 by George Gianarikas from Canaccord Genuity, set a price target of $23.00, which represents a 24.58% increase from the stock price at the time of the forecast ($18.46), and a 27.64% increase from MP last price ($18.02).

MP Materials Price Target by Period

1M3M12M
# Anlaysts2511
Avg Price Target$21.25$20.10$19.91
Last Closing Price$18.02$18.02$18.02
Upside/Downside17.92%11.54%10.49%

In the current month, the average price target of MP Materials stock is $21.25, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 17.92% increase as opposed to MP Materials's last price of $18.02. This month's average price target is up 5.72% compared to last quarter, and up 6.73% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 21, 2024Deutsche BankMarket PerformMarket PerformHold
Oct 21, 2024Canaccord GenuityUnderperformUnderperformHold
Sep 30, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 19, 2024Canaccord GenuityUnderperformUnderperformHold
Sep 19, 2024Deutsche BankMarket PerformMarket PerformHold
Sep 19, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 27, 2024Deutsche BankMarket PerformMarket PerformHold
Aug 27, 2024Canaccord GenuityUnderperformUnderperformHold
Aug 27, 2024Canaccord GenuityBuyBuyHold
Aug 06, 2024BMO CapitalUnderperformUnderperformHold
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MP Materials's last stock rating was published by Deutsche Bank on Oct 21, 2024. The company gave MP a "Market Perform" rating, the same as its previous rate.

MP Materials Financial Forecast

MP Materials Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue--------------------$41.20M$52.52M$64.02M$95.70M$93.25M$124.44M$143.56M$166.26M$99.11M$99.75M
Avg Forecast$185.58M$185.58M$181.77M$174.16M$174.16M$170.83M$167.50M$160.36M$156.27M$147.58M$134.38M$109.77M$105.15M$76.36M$64.84M$59.51M$48.81M$40.10M$40.03M$47.26M$45.49M$51.80M$61.00M$89.59M$77.32M$115.64M$128.76M$137.30M$94.29M$77.10M
High Forecast$206.67M$206.67M$202.43M$193.96M$193.96M$190.25M$186.54M$178.59M$174.03M$164.35M$149.66M$122.24M$117.10M$85.04M$72.21M$65.48M$53.60M$40.75M$40.03M$47.26M$49.59M$69.52M$67.93M$99.78M$86.11M$115.64M$128.76M$137.30M$94.29M$77.10M
Low Forecast$171.43M$171.43M$167.91M$160.88M$160.88M$157.80M$154.72M$148.13M$144.35M$136.32M$124.13M$101.40M$97.13M$70.54M$59.90M$54.35M$43.15M$39.45M$40.03M$47.26M$40.39M$40.51M$56.34M$82.76M$71.42M$115.64M$128.76M$137.30M$94.29M$77.10M
# Analysts1111111111111112632241099888899
Surprise %--------------------0.91%1.01%1.05%1.07%1.21%1.08%1.11%1.21%1.05%1.29%

MP Materials's average Quarter revenue forecast for Mar 24 based on 2 analysts is $47.26M, with a low forecast of $47.26M, and a high forecast of $47.26M. MP's average Quarter revenue forecast represents a 14.70% increase compared to the company's last Quarter revenue of $41.20M (Dec 23).

MP Materials EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111111112632241099888899
EBITDA--------------------$10.61M$16.75M$34.22M$49.15M$48.55M$85.33M$103.37M$115.22M$61.79M$61.14M
Avg Forecast$56.37M$56.37M$55.21M$52.90M$52.90M$51.89M$50.87M$48.71M$47.46M$44.82M$40.82M$33.34M$31.94M$23.19M$19.70M$18.08M$14.83M$12.18M$12.16M$14.35M$13.82M$15.73M$18.53M$87.92M$48.15M$40.30M$44.87M$94.03M$32.86M$26.87M
High Forecast$62.77M$62.77M$61.49M$58.91M$58.91M$57.78M$56.66M$54.24M$52.86M$49.92M$45.46M$37.13M$35.57M$25.83M$21.93M$19.89M$16.28M$12.38M$12.16M$14.35M$15.06M$21.12M$20.63M$105.50M$57.77M$40.30M$44.87M$112.84M$32.86M$26.87M
Low Forecast$52.07M$52.07M$51.00M$48.86M$48.86M$47.93M$46.99M$44.99M$43.84M$41.40M$37.70M$30.80M$29.50M$21.43M$18.19M$16.51M$13.11M$11.98M$12.16M$14.35M$12.27M$12.31M$17.11M$70.34M$38.52M$40.30M$44.87M$75.23M$32.86M$26.87M
Surprise %--------------------0.77%1.06%1.85%0.56%1.01%2.12%2.30%1.23%1.88%2.28%

2 analysts predict MP's average Quarter EBITDA for Mar 24 to be $14.35M, with a high of $14.35M and a low of $14.35M. This is 35.31% upper than MP Materials's previous annual EBITDA (Dec 23) of $10.61M.

MP Materials Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111111112632241099888899
Net Income--------------------$-16.26M$-4.28M$18.43M$37.45M$67.01M$63.18M$73.27M$85.55M$48.99M$42.76M
Avg Forecast$57.99M$57.30M$56.01M$52.92M$52.07M$50.49M$49.21M$48.75M$55.81M$49.24M$39.40M$21.34M$15.17M$2.62M$-4.60M$-10.92M$-14.92M$-20.89M$-14.75M$68.67M$-6.45M$119.50K$9.70M$62.43M$38.17M$48.29M$57.91M$66.77M$38.48M$28.50M
High Forecast$66.56M$65.77M$64.28M$60.74M$59.76M$57.95M$56.48M$55.96M$64.06M$56.52M$45.22M$24.49M$17.41M$3.01M$-4.14M$-6.83M$-5.97M$-18.82M$-13.29M$82.41M$8.60M$137.16K$11.13M$74.92M$45.80M$48.29M$57.91M$80.13M$38.48M$28.50M
Low Forecast$52.24M$51.62M$50.45M$47.67M$46.91M$45.49M$44.33M$43.92M$50.28M$44.36M$35.49M$19.22M$13.66M$2.36M$-5.28M$-17.75M$-25.37M$-23.98M$-16.93M$54.94M$-17.20M$107.65K$8.74M$49.95M$30.54M$48.29M$57.91M$53.42M$38.48M$28.50M
Surprise %--------------------2.52%-35.78%1.90%0.60%1.76%1.31%1.27%1.28%1.27%1.50%

MP Materials's average Quarter net income forecast for Sep 23 is $119.50K, with a range of $107.65K to $137.16K. MP's average Quarter net income forecast represents a -99.35% decrease compared to the company's last Quarter net income of $18.43M (Jun 23).

MP Materials SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111111112632241099888899
SG&A--------------------$21.42M$19.56M$18.86M$19.40M$19.71M$17.60M$18.22M$20.57M$16.23M$14.88M
Avg Forecast$36.42M$36.42M$35.67M$34.18M$34.18M$33.52M$32.87M$31.47M$30.66M$28.96M$26.37M$21.54M$20.63M$14.98M$12.72M$11.68M$9.58M$7.87M$7.86M$16.51M$8.93M$10.16M$11.97M$15.01M$12.65M$22.69M$25.27M$16.05M$18.50M$15.13M
High Forecast$40.56M$40.56M$39.72M$38.06M$38.06M$37.33M$36.60M$35.04M$34.15M$32.25M$29.37M$23.99M$22.98M$16.69M$14.17M$12.85M$10.52M$8.00M$7.86M$19.81M$9.73M$13.64M$13.33M$18.01M$15.17M$22.69M$25.27M$19.26M$18.50M$15.13M
Low Forecast$33.64M$33.64M$32.95M$31.57M$31.57M$30.96M$30.36M$29.07M$28.33M$26.75M$24.36M$19.90M$19.06M$13.84M$11.75M$10.66M$8.47M$7.74M$7.86M$13.21M$7.93M$7.95M$11.06M$12.01M$10.12M$22.69M$25.27M$12.84M$18.50M$15.13M
Surprise %--------------------2.40%1.92%1.58%1.29%1.56%0.78%0.72%1.28%0.88%0.98%

MP Materials's average Quarter SG&A projection for Mar 24 is $16.51M, based on 2 Wall Street analysts, with a range of $13.21M to $19.81M. The forecast indicates a -22.92% fall compared to MP last annual SG&A of $21.42M (Dec 23).

MP Materials EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111111111111112632241099888899
EPS--------------------$-0.09$-0.02$0.10$0.21$0.38$0.36$0.42$0.49$0.28$0.24
Avg Forecast$0.35$0.35$0.34$0.32$0.32$0.31$0.30$0.30$0.34$0.30$0.24$0.13$0.09$0.02$-0.03$-0.07$-0.09$-0.13$-0.09$-0.03$-0.04-$0.06$0.19$0.16$0.29$0.35$0.41$0.23$0.17
High Forecast$0.41$0.40$0.39$0.37$0.36$0.35$0.34$0.34$0.39$0.34$0.28$0.15$0.11$0.02$-0.03$-0.04$-0.04$-0.11$-0.08$-0.03$0.05-$0.07$0.21$0.18$0.29$0.35$0.41$0.23$0.17
Low Forecast$0.32$0.31$0.31$0.29$0.29$0.28$0.27$0.27$0.31$0.27$0.22$0.12$0.08$0.01$-0.03$-0.11$-0.15$-0.15$-0.10$-0.04$-0.10-$0.05$0.17$0.14$0.29$0.35$0.41$0.23$0.17
Surprise %--------------------2.33%-33.10%1.69%1.12%2.37%1.23%1.20%1.21%1.20%1.39%

According to 10 Wall Street analysts, MP Materials's projected average Quarter EPS for Sep 23 is -, with a low estimate of - and a high estimate of -. This represents a -99.27% decrease compared to MP previous annual EPS of $0.10 (Jun 23).

MP Materials Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LACLithium Americas$3.74$16.96353.48%Buy
VALEVale$10.02$17.5374.95%Buy
RIORio Tinto Group$62.43$90.4044.80%Buy
MPMP Materials$18.02$23.5730.80%Buy
BHPBHP Group$52.68$47.80-9.26%Hold
TECKTeck Resources$47.13$40.31-14.47%Buy
PLLPiedmont Lithium$12.25$9.40-23.27%Buy

MP Forecast FAQ

Is MP Materials a good buy?

Yes, according to 11 Wall Street analysts, MP Materials (MP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of MP's total ratings.

What is MP's price target?

MP Materials (MP) average price target is $23.57 with a range of $12.5 to $47, implying a 30.80% from its last price of $18.02. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MP Materials stock go up soon?

According to Wall Street analysts' prediction for MP stock, the company can go up by 30.80% (from the last price of $18.02 to the average price target of $23.57), up by 160.82% based on the highest stock price target, and down by -30.63% based on the lowest stock price target.

Can MP Materials stock reach $30?

MP's highest twelve months analyst stock price target of $47 supports the claim that MP Materials can reach $30 in the near future.

What is MP Materials's current price target trend?

2 Wall Street analysts forecast a $21.25 price target for MP Materials (MP) this month, up 17.92% from its last price of $18.02. Compared to the last 3 and 12 months, the average price target increased by 11.54% and increased by 10.49%, respectively.

What are MP Materials's analysts' financial forecasts?

MP Materials's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $672.85M (high $749.32M, low $621.53M), average EBITDA is $204.36M (high $227.59M, low $188.78M), average net income is $200.52M (high $230.15M, low $180.64M), average SG&A $132.03M (high $147.04M, low $121.96M), and average EPS is $1.22 (high $1.4, low $1.1). MP's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $727.09M (high $809.74M, low $671.64M), average EBITDA is $220.84M (high $245.94M, low $204M), average net income is $224.23M (high $257.36M, low $202M), average SG&A $142.68M (high $158.89M, low $131.8M), and average EPS is $1.37 (high $1.57, low $1.23).

Did the MP's actual financial results beat the analysts' financial forecasts?

Based on MP Materials's last annual report (Dec 2023), the company's revenue was $253.44M, beating the average analysts forecast of $247.88M by 2.24%. Apple's EBITDA was $103M, missing the average prediction of $136M by -24.26%. The company's net income was $24.31M, missing the average estimation of $65.8M by -63.06%. Apple's SG&A was $79.24M, beating the average forecast of $46.07M by 72.02%. Lastly, the company's EPS was $0.0001, missing the average prediction of $0.207 by -99.95%. In terms of the last quarterly report (Dec 2023), MP Materials's revenue was $41.2M, missing the average analysts' forecast of $45.49M by -9.43%. The company's EBITDA was $10.61M, missing the average prediction of $13.82M by -23.22%. MP Materials's net income was $-16.259M, beating the average estimation of $-6.45M by 152.07%. The company's SG&A was $21.42M, beating the average forecast of $8.93M by 139.89%. Lastly, the company's EPS was $-0.0915, beating the average prediction of $-0.0393 by 132.85%