MP Materials (MP) Stock Forecast, Price Target & Predictions
MP Stock Forecast
MP Materials stock forecast is as follows: an average price target of $22.42 (represents a 62.46% upside from MP’s last price of $13.80) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
MP Price Target
The average price target for MP Materials (MP) is $22.42 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $47.00 to $12.50. This represents a potential 62.46% upside from MP's last price of $13.80.
MP Analyst Ratings
According to 9 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' (66.67%), 3 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MP Materials Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | George Gianarikas | Canaccord Genuity | $19.00 | $12.90 | 47.29% | 37.68% |
| Aug 06, 2024 | Corinne Blanchard | Deutsche Bank | $12.50 | $10.43 | 19.85% | -9.42% |
| Jul 22, 2024 | Laurence Alexander | Jefferies | $24.00 | $14.24 | 68.54% | 73.91% |
| Jul 15, 2024 | Greg Jones Jones | BMO Capital | $16.50 | $15.62 | 5.63% | 19.57% |
| Mar 19, 2024 | Laurence Alexander | Jefferies | $28.00 | $13.08 | 114.07% | 102.90% |
| Mar 13, 2024 | Carlos De Alba | Morgan Stanley | $15.50 | $14.05 | 10.32% | 12.32% |
| Mar 12, 2024 | George Gianarikas | Canaccord Genuity | $22.00 | $14.81 | 48.55% | 59.42% |
| Sep 28, 2022 | - | Canaccord Genuity | $40.00 | $28.34 | 41.14% | 189.86% |
| Feb 10, 2022 | Subash Chandra | Benchmark Co. | $47.00 | $39.03 | 20.42% | 240.58% |
The latest MP Materials stock forecast, released on Aug 27, 2024 by George Gianarikas from Canaccord Genuity, set a price target of $19.00, which represents a 47.29% increase from the stock price at the time of the forecast ($12.90), and a 37.68% increase from MP last price ($13.80).
MP Materials Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 7 |
| Avg Price Target | $19.00 | $18.00 | $19.64 |
| Last Closing Price | $13.80 | $13.80 | $13.80 |
| Upside/Downside | 37.68% | 30.43% | 42.32% |
In the current month, the average price target of MP Materials stock is $19.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 37.68% increase as opposed to MP Materials's last price of $13.80. This month's average price target is up 5.56% compared to last quarter, and down -3.26% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 27, 2024 | Deutsche Bank | Market Perform | Market Perform | Hold |
| Aug 27, 2024 | Canaccord Genuity | Underperform | Underperform | Hold |
| Aug 27, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Aug 06, 2024 | BMO Capital | Underperform | Underperform | Hold |
| Aug 06, 2024 | Deutsche Bank | Market Perform | Market Perform | Hold |
| Aug 06, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jul 22, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 15, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 15, 2024 | Benchmark | Underperform | Underperform | Hold |
| Jul 15, 2024 | Edward Jones | - | Market Perform | Initialise |
MP Materials's last stock rating was published by Deutsche Bank on Aug 27, 2024. The company gave MP a "Market Perform" rating, the same as its previous rate.
MP Materials Financial Forecast
MP Materials Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.20M | $52.52M | $64.02M | $95.70M | $93.25M | $124.44M | - | $166.26M | $99.11M | $99.75M | $73.12M | $59.97M | $42.18M |
| Avg Forecast | $174.16M | $170.83M | $167.50M | $160.36M | $151.07M | $142.09M | $129.31M | $105.60M | $101.23M | $76.46M | $69.48M | $62.79M | $47.37M | $40.36M | $40.03M | $47.26M | $45.49M | $51.80M | $61.00M | $89.59M | $77.32M | $115.64M | $128.76M | $137.30M | $94.29M | $77.10M | $59.14M | $49.06M | $37.51M |
| High Forecast | $199.94M | $196.12M | $192.29M | $184.10M | $173.43M | $163.12M | $148.45M | $121.23M | $116.22M | $87.78M | $79.77M | $72.08M | $54.39M | $41.96M | $45.96M | $54.26M | $49.59M | $69.52M | $70.02M | $102.86M | $88.77M | $132.76M | $128.76M | $147.69M | $101.42M | $82.93M | $63.62M | $52.77M | $40.35M |
| Low Forecast | $128.05M | $125.60M | $123.15M | $117.90M | $111.07M | $104.47M | $95.07M | $77.64M | $74.43M | $56.22M | $51.08M | $46.16M | $34.83M | $37.55M | $29.43M | $34.75M | $40.39M | $40.51M | $44.85M | $65.87M | $56.85M | $85.02M | $128.76M | $126.51M | $86.88M | $71.04M | $54.49M | $45.20M | $34.57M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.01% | 1.05% | 1.07% | 1.21% | 1.08% | - | 1.21% | 1.05% | 1.29% | 1.24% | 1.22% | 1.12% |
MP Materials's average Quarter revenue forecast for Mar 24 based on 2 analysts is $47.26M, with a low forecast of $34.75M, and a high forecast of $54.26M. 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.61M | $16.75M | $34.22M | $49.15M | $48.55M | $85.33M | - | $115.22M | $61.79M | $61.14M | $42.63M | $27.91M | $-16.73M |
| Avg Forecast | $60.69M | $59.53M | $58.37M | $55.88M | $52.64M | $49.52M | $45.06M | $36.80M | $35.28M | $26.64M | $24.21M | $21.88M | $16.51M | $14.06M | $13.95M | $16.47M | $15.85M | $18.05M | $21.26M | $87.92M | $26.94M | $37.22M | $44.87M | $94.03M | $43.77M | $29.42M | $31.98M | $11.51M | $13.07M |
| High Forecast | $69.67M | $68.34M | $67.01M | $64.15M | $60.44M | $56.84M | $51.73M | $42.25M | $40.50M | $30.59M | $27.80M | $25.12M | $18.95M | $14.62M | $16.01M | $18.91M | $17.28M | $24.23M | $24.40M | $105.50M | $30.93M | $44.67M | $44.87M | $112.84M | $52.52M | $35.31M | $38.37M | $13.82M | $14.06M |
| Low Forecast | $44.62M | $43.77M | $42.91M | $41.09M | $38.70M | $36.40M | $33.13M | $27.06M | $25.94M | $19.59M | $17.80M | $16.09M | $12.14M | $13.08M | $10.26M | $12.11M | $14.07M | $14.12M | $15.63M | $70.34M | $19.81M | $29.78M | $44.87M | $75.23M | $35.01M | $23.54M | $25.58M | $9.21M | $12.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 0.93% | 1.61% | 0.56% | 1.80% | 2.29% | - | 1.23% | 1.41% | 2.08% | 1.33% | 2.42% | -1.28% |
2 analysts predict MP's average Quarter EBITDA for Mar 24 to be $16.47M, with a high of $18.91M and a low of $12.11M. This is 55.24% upper than MP Materials's previous annual EBITDA (Dec 23) of $10.61M.
MP Materials Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-16.26M | $-4.28M | $18.43M | $37.45M | $67.01M | $63.18M | - | $85.55M | $48.99M | $42.76M | $27.17M | $16.12M | $-39.48M |
| Avg Forecast | $37.50M | $36.19M | $35.07M | $40.86M | $38.03M | $31.42M | $21.49M | $6.61M | $17.43M | $4.97M | $-165.51K | $-9.29M | $-11.89M | $-18.56M | $-14.86M | $68.67M | $-6.50M | $120.37K | $9.77M | $62.43M | $26.53M | $26.03M | $65.42M | $66.77M | $34.70M | $20.58M | $20.37M | $6.65M | $5.96M |
| High Forecast | $44.72M | $43.16M | $41.82M | $48.72M | $45.35M | $37.46M | $25.63M | $7.89M | $20.78M | $5.93M | $-108.54K | $-6.09M | $-7.80M | $-16.24M | $-9.74M | $82.41M | $8.66M | $143.53K | $11.65M | $74.92M | $31.64M | $31.24M | $65.42M | $80.13M | $41.64M | $24.70M | $24.45M | $7.98M | $6.55M |
| Low Forecast | $24.59M | $23.74M | $23.00M | $26.79M | $24.94M | $20.60M | $14.10M | $4.34M | $11.43M | $3.26M | $-197.36K | $-11.07M | $-14.17M | $-25.52M | $-17.72M | $54.94M | $-17.33M | $78.94K | $6.41M | $49.95M | $17.40M | $20.83M | $65.42M | $53.42M | $27.76M | $16.46M | $16.30M | $5.32M | $5.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.50% | -35.52% | 1.89% | 0.60% | 2.53% | 2.43% | - | 1.28% | 1.41% | 2.08% | 1.33% | 2.42% | -6.62% |
MP Materials's average Quarter net income forecast for Sep 23 is $120.37K, with a range of $78.94K to $143.53K. 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.42M | $19.56M | $18.86M | $19.40M | $19.71M | $17.60M | - | $20.57M | $16.23M | $14.88M | $13.63M | $13.58M | $12.53M |
| Avg Forecast | $34.18M | $33.52M | $32.87M | $31.47M | $29.64M | $27.88M | $25.37M | $20.72M | $19.86M | $15.00M | $13.63M | $12.32M | $9.30M | $7.92M | $7.86M | $16.51M | $8.93M | $10.16M | $11.97M | $15.01M | $15.17M | $9.06M | $25.27M | $16.05M | $11.50M | $7.16M | $10.22M | $5.60M | $7.36M |
| High Forecast | $39.23M | $38.48M | $37.73M | $36.12M | $34.03M | $32.01M | $29.13M | $23.79M | $22.80M | $17.22M | $15.65M | $14.14M | $10.67M | $8.23M | $9.02M | $19.81M | $9.73M | $13.64M | $13.74M | $18.01M | $17.42M | $10.87M | $25.27M | $19.26M | $13.79M | $8.59M | $12.27M | $6.72M | $7.92M |
| Low Forecast | $25.13M | $24.65M | $24.17M | $23.14M | $21.79M | $20.50M | $18.66M | $15.23M | $14.60M | $11.03M | $10.02M | $9.06M | $6.83M | $7.37M | $5.78M | $13.21M | $7.93M | $7.95M | $8.80M | $12.01M | $11.16M | $7.25M | $25.27M | $12.84M | $9.20M | $5.73M | $8.18M | $4.48M | $6.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.40% | 1.92% | 1.58% | 1.29% | 1.30% | 1.94% | - | 1.28% | 1.41% | 2.08% | 1.33% | 2.42% | 1.70% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.09 | $-0.02 | $0.10 | $0.21 | $0.38 | $0.36 | - | $0.49 | $0.28 | $0.24 | $0.16 | $0.10 | $-0.35 |
| Avg Forecast | $0.23 | $0.22 | $0.21 | $0.25 | $0.23 | $0.19 | $0.13 | $0.04 | $0.11 | $0.03 | $-0.00 | $-0.06 | $-0.07 | $-0.11 | $-0.09 | $-0.03 | $-0.04 | - | $0.06 | $0.19 | $0.16 | $0.29 | $0.35 | $0.41 | $0.23 | $0.17 | $0.12 | $0.09 | $0.03 |
| High Forecast | $0.27 | $0.26 | $0.25 | $0.29 | $0.27 | $0.23 | $0.16 | $0.05 | $0.13 | $0.04 | $-0.00 | $-0.04 | $-0.05 | $-0.10 | $-0.06 | $-0.02 | $0.05 | - | $0.07 | $0.22 | $0.19 | $0.35 | $0.35 | $0.45 | $0.26 | $0.19 | $0.13 | $0.10 | $0.04 |
| Low Forecast | $0.15 | $0.14 | $0.14 | $0.16 | $0.15 | $0.12 | $0.09 | $0.03 | $0.07 | $0.02 | $-0.00 | $-0.07 | $-0.09 | $-0.15 | $-0.11 | $-0.04 | $-0.10 | - | $0.04 | $0.12 | $0.11 | $0.19 | $0.35 | $0.36 | $0.21 | $0.15 | $0.11 | $0.08 | $0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.33% | -33.10% | 1.69% | 1.12% | 2.37% | 1.23% | - | 1.21% | 1.20% | 1.39% | 1.32% | 1.11% | -10.42% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAC | Lithium Americas | $2.39 | $23.02 | 863.18% | Buy |
| VALE | Vale | $10.51 | $19.82 | 88.58% | Buy |
| PLL | Piedmont Lithium | $7.42 | $12.15 | 63.75% | Hold |
| MP | MP Materials | $13.80 | $22.42 | 62.46% | Buy |
| RIO | Rio Tinto Group | $62.55 | $93.25 | 49.08% | Buy |
| BHP | BHP Group | $52.89 | $52.20 | -1.30% | Hold |
| TECK | Teck Resources | $46.33 | $40.31 | -12.99% | Buy |
MP Forecast FAQ
Is MP Materials a good buy?
Yes, according to 9 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 66.67% of MP's total ratings.
What is MP's price target?
MP Materials (MP) average price target is $22.42 with a range of $12.5 to $47, implying a 62.46% from its last price of $13.8. The data is based on 9 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 62.46% (from the last price of $13.8 to the average price target of $22.42), up by 240.58% based on the highest stock price target, and down by -9.42% based on the lowest stock price target.
Can MP Materials stock reach $20?
MP's average twelve months analyst stock price target of $22.42 supports the claim that MP Materials can reach $20 in the near future.
What is MP Materials's current price target trend?
1 Wall Street analyst forecast a $19 price target for MP Materials (MP) this month, up 37.68% from its last price of $13.8. Compared to the last 3 and 12 months, the average price target increased by 30.43% and increased by 42.32%, respectively.
What are MP Materials's analysts' financial forecasts?
MP Materials's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $528.07M (high $606.23M, low $388.25M), average EBITDA is $184.02M (high $211.26M, low $135.29M), average net income is $97.55M (high $116.33M, low $63.97M), average SG&A $103.62M (high $118.96M, low $76.19M), and average EPS is $0.59 (high $0.704, low $0.387). MP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $672.85M (high $772.44M, low $494.69M), average EBITDA is $234.47M (high $269.18M, low $172.39M), average net income is $149.62M (high $178.41M, low $98.12M), average SG&A $132.03M (high $151.58M, low $97.07M), and average EPS is $0.905 (high $1.08, low $0.593).
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 $143.08M by -28.01%. The company's net income was $24.31M, missing the average estimation of $65.82M by -63.07%. 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 $15.85M by -33.08%. MP Materials's net income was $-16.259M, beating the average estimation of $-6.497M by 150.25%. 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%