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USA Rare Earth (USAR) Receives a New Rating from Needham
USA Rare Earth received a Buy rating and price target from Needham analyst Carter Goman today.
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In a report released on June 5, Roth MKM also maintained a Buy rating on the stock with a $40.00 price target.
Based on USA Rare Earth’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.7 million and a GAAP net loss of $66.99 million. In comparison, last year the company had a net profit of $51.83 million
Read More on USAR:
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- USA Rare Earth Details Pro Forma Merger and Financing Plans
- USA Rare Earth Shareholders Back Board and Auditor Slate
- Funding deals give USA Rare Earth $3.5B in capital commitment, says Roth Capital
- USA Rare Earth price target raised to $40 from $35 at Cantor Fitzgerald
- USA Rare Earth finalized funding agreements with Department of Commerce
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