Albemarle (ALB) Gets Truist Price Target Boost on Lithium Price Momentum

Albemarle Corporation (NYSE:ALB) is one of the best EV battery stocks to buy in 2026. On April 22, Truist Securities analyst Peter Osterland raised his price target on Albemarle Corporation (NYSE:ALB) to $245 from $210 while maintaining a Buy rating.

Truist Has Raised Its Target on Albemarle (ALB) Three Times Since January

The target hike reflects Osterland’s upward revisions to both the 2026 and 2027 earnings estimates for Albemarle. This move aligns with what the analyst describes as sustained momentum in lithium prices through the first part of 2026. Osterland believes this trend will be around for a long time and that it will be driven by demand from electric vehicles and grid-scale energy storage that continues to outpace supply growth in the near to medium term.

This bullish call follows a similar move on January 21 when Osterland upgraded the stock from Hold to Buy and lifted the target to $205 from $125. He premised his thesis on improving lithium market fundamentals and Albemarle’s strengthening free cash flow prospects.

Following that January upgrade, Osterland reiterated his Buy rating and raised the target to $210 on March 6. The call came after Albemarle’s non-deal roadshow, and the analyst expected the company to maintain a disciplined approach to costs and capital expenditure in the near term. In the analyst’s view, this cost-control posture would position Albemarle well to expand margins as lithium prices rise.

Albemarle Corporation (NYSE:ALB) is a specialty chemicals company that supplies lithium used in the manufacture of EV batteries. The company produces lithium compounds such as lithium carbonate and lithium hydroxide, which are essential inputs in lithium-ion battery manufacturing. Its operations span lithium extraction and chemical processing.

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