Deutsche Bank Remains a Buy on MP Materials (MP)
Deutsche Bank analyst Corinne Blanchard maintained a Buy rating on MP Materials today and set a price target of $65.00.
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Blanchard covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Constellium, and MP Materials. According to TipRanks, Blanchard has an average return of -9.1% and a 32.95% success rate on recommended stocks.
In addition to Deutsche Bank , MP Materials also received a Buy from D.A. Davidson’s Matt Summerville in a report issued yesterday. However, on February 27, TipRanks – OpenAI reiterated a Hold rating on MP Materials (NYSE: MP).
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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- MP Materials call volume above normal and directionally bullish
- MP Materials Stock (MP) Primed for Growth; China’s Grip on Rare Earths Will Weaken, Say Analysts
- MP Materials reports Q4 adjusted EPS 9c, consensus 2c
- MP Materials to develop rare earth magnet manufacturing campus in Northlake
- Rare earth suppliers to U.S. aerospace firms face shortages, Reuters says
