RBC Capital Raises PT On Albemarle (ALB) To $257, Reiterates “Outperform” Rating

On the back of strong hedge fund and analyst support, Albemarle Corporation (NYSE:ALB) features on our list of the best commodity stocks to buy in 2026. The stock carries an upside of 27.5%.

RBC Capital Raises PT On Albemarle (ALB) To $257, Reiterates “Outperform” Rating

Amid improving lithium prices and a favorable long-term growth outlook, Albemarle Corporation is drawing increasing attention from Wall Street.

On May 26, 2026, RBC Capital raised its price target on Albemarle Corporation to $257 from $253 and kept an “Outperform” rating. The firm sees volume growing at a mid-single digit CAGR over the next several years, driven by brownfield expansion at CGP3/Wodgina, productivity gains at Atacama, and longer-term opportunities at Kings Mountain and Antofalla. RBC also views last month’s 9% pullback in share prices, tied to oil and broader market factors, as a buying opportunity.

Two earlier analyst updates added to the constructive tone.

On May 15, 2026, Scotiabank’s Ben Isaacson raised the firm’s price target to $215 from $200, keeping an “Outperform” rating, though he had a mixed view, flagging that Albemarle is pricing in line with Lithium Americas, a developer with no meaningful production expected until 2028. On May 12, 2026, Deutsche Bank’s David Begleiter lifted the firm’s target to $250 from $210 and kept a “Buy” rating, saying higher lithium prices suggest Albemarle Corporation should reach the upper end of its outlook.

That outlook spans three lithium price scenarios for 2026.

At around $10/kg lithium carbonate equivalent (LCE), Albemarle Corporation projects revenue of $4.1 billion to $4.3 billion and adjusted EBITDA of $0.9 billion to $1.0 billion. At $20/kg LCE, the Q1 2026 average, those figures rise to $5.7-$6.0 billion in revenue and $2.4-$2.6 billion in adjusted EBITDA. At $30/kg LCE, revenue could reach $7.5-$7.8 billion, with adjusted EBITDA of $4.2-$4.4 billion.

Albemarle Corporation also plans capital expenditures of $550 million to $600 million and targets $100 million to $150 million in cost and productivity improvements for the year.

Albemarle Corporation is one of the world’s leading lithium producers, with a fully integrated model spanning mining, processing, and refining operations across key global markets.

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