5 Best Nickel Stocks to Buy According to Analysts

3. Materion Corporation (NYSE:MTRN)

Materion Corporation (NYSE:MTRN) earns a place on our list of the 8 best nickel stocks to buy according to analysts.

As of March 27, 2026, 75% of covering analysts were bullish on Materion Corporation (NYSE:MTRN), with the $180 consensus price target implying a 27% upside. The shares, which gained almost 18% in the past six months and approximately 63% over the previous year, reached their all-time high of $168.92 on March 2, 2026.

That optimism was echoed on Wall Street.

In February, KeyBanc maintained its “Overweight” rating and increased its price target for Materion Corporation (NYSE:MTRN) from $159 to $170, citing robust defense-related beryllium demand that would sustain beyond 2027, according to the firm. Growing investor interest in the company’s exposure to specialized materials continues to drive share momentum.

Meanwhile, Materion Corporation (NYSE:MTRN)’s improved recent quarterly performance served as the backdrop.

Fourth-quarter net income increased from a year-earlier loss of $48.80 million to $6.60 million, or $0.31 per share, according to last month’s earnings release. Net sales for the entire year 2025 were recorded at $1.79 billion, while adjusted net income was $113.60 million, or $5.44 per share.

The products of Materion Corporation (NYSE:MTRN) include copper-based alloys, specialty coatings, inorganic chemicals and powders, precious and non-precious specialty metals, and specialized engineered beryllium. The firm’s primary raw elements are ruthenium, silver, tin, gold, nickel, palladium, platinum, cobalt, copper, aluminum, beryllium, and tantalum.