Morgan Stanley Raises its Price Target on MP Materials (MP)

MP Materials Corp. (NYSE:MP) is one of the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.

On May 11, 2026, Morgan Stanley analyst Carlos De Alba raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $70 from $62 previously while maintaining an Overweight rating on the shares.

On May 8, 2026, Goldman Sachs analyst Brian Lee also raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $80 from $71 previously and maintained a Buy rating on the shares.

Morgan Stanley Raises its Price Target on MP Materials (MP)

On May 7, 2026, MP Materials Corp. (NYSE:MP) reported Q1 EPS of 3c, versus the consensus estimate of a loss of (4c). Revenue totaled $90.65M, versus the consensus estimate of $72.14M. Founder, Chairman, and CEO James Litinsky said the company achieved record NdPr production and sales during the quarter while generating solid adjusted EBITDA. Litinsky also highlighted progress across several growth initiatives, including the expansion of operations at Independence, groundbreaking activities at the 10X facility, and upcoming commissioning work for scaled heavy rare earth separation at Mountain Pass. The company said these developments underscore continued execution across its vertically integrated rare earth platform.

MP Materials Corp. (NYSE:MP) produces rare earth materials in the Western Hemisphere.

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