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J.P. Morgan Sticks to Their Buy Rating for MP Materials (MP)

Tipranks - Tipranks - Tue Apr 7, 4:50AM CDT

In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Buy rating on MP Materials, with a price target of $75.00.

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Peterson covers the Basic Materials sector, focusing on stocks such as MP Materials, Nucor, and Steel Dynamics. According to TipRanks, Peterson has an average return of 2.8% and a 46.72% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MP Materials with a $78.57 average price target.

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Based on MP Materials’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $103.7 million and a net profit of $9.43 million. In comparison, last year the company earned a revenue of $60.99 million and had a GAAP net loss of $22.34 million

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