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Analysts Are Bullish on These Materials Stocks: MP Materials (MP), Iperionx Ltd. ADR (IPX)

Tipranks - Fri Apr 10, 8:04AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on MP Materials (MP) and Iperionx Ltd. ADR (IPX) with bullish sentiments.

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MP Materials (MP)

In a report released today, Corinne Blanchard from Deutsche Bank maintained a Buy rating on MP Materials, with a price target of $65.00. The company’s shares closed last Wednesday at $54.44.

According to TipRanks.com, Blanchard ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.1% and a 30.0% success rate. Blanchard covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Lithium Americas Corp., and Lithium Argentina. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MP Materials with a $76.50 average price target, implying a 44.3% upside from current levels. In a report issued on April 5, J.P. Morgan also maintained a Buy rating on the stock with a $75.00 price target.

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Iperionx Ltd. ADR (IPX)

William Blair analyst Neal Dingmann maintained a Buy rating on Iperionx Ltd. ADR today. The company’s shares closed last Wednesday at $30.95.

According to TipRanks.com, Dingmann is a 4-star analyst with an average return of 2.8% and a 50.9% success rate. Dingmann covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Kodiak Gas Services, Inc., and Mach Natural Resources LP. ;'>

Currently, the analyst consensus on Iperionx Ltd. ADR is a Strong Buy with an average price target of $54.33, implying an 80.2% upside from current levels. In a report issued on March 27, BTIG also initiated coverage with a Buy rating on the stock with a $40.00 price target.

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