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Analysts Are Bullish on These Materials Stocks: Albemarle (ALB), USA Rare Earth (USAR)

Tipranks - Thu Apr 23, 6:34AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Albemarle (ALB) and USA Rare Earth (USAR) with bullish sentiments.

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Albemarle (ALB)

Truist Financial analyst Pete Osterland reiterated a Buy rating on Albemarle today and set a price target of $245.00. The company’s shares closed last Tuesday at $198.42.

According to TipRanks.com, Osterland is a 5-star analyst with an average return of 45.8% and a 89.1% success rate. Osterland covers the Basic Materials sector, focusing on stocks such as Minerals Technologies, Westlake Corporation, and Element Solutions. ;'>

Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $199.56, representing a 2.3% upside. In a report issued on April 9, UBS also maintained a Buy rating on the stock with a $230.00 price target.

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USA Rare Earth (USAR)

In a report released yesterday, Derek Soderberg from Cantor Fitzgerald maintained a Buy rating on USA Rare Earth, with a price target of $30.00. The company’s shares closed last Tuesday at $22.85.

Soderberg has an average return of 36.7% when recommending USA Rare Earth. ;'>

According to TipRanks.com, Soderberg is ranked #3914 out of 12212 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for USA Rare Earth with a $33.20 average price target, a 49.1% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $25.00 price target.

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