Scotiabank Raises its Price Target on Sociedad Química y Minera de Chile (SQM)

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the 8 Most Undervalued Growth Stocks to Buy Right Now.

On May 28, 2026, Scotiabank raised the firm’s price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $105 from $100 and maintained an Outperform rating on the shares. Scotiabank said that, following the company’s Q1 results and guidance revisions, there are multiple ways to win with the stock.

Meanwhile, BofA raised the firm’s price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $58 from $53 and maintained an Underperform rating on the shares. BofA cited “strong” Q1 operating results and raised its 2026-27 EBITDA estimates by 6.2%, reflecting higher Specialty Plant Nutrition volumes and modestly stronger lithium prices after a 15% rebound since the end of March.

Scotiabank Raises its Price Target on Sociedad Química y Minera de Chile (SQM)

On May 26, 2026, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) reported Q1 revenue of $1.76B, above the consensus estimate of $1.70B. CEO Ricardo Ramos said the company delivered “strong results” in the quarter, with lithium sales volumes reaching approximately 69 thousand metric tons of LCE as SQM operated at full capacity to meet customer demand. Ramos said global lithium demand could exceed 1.9 million metric tons of LCE this year, while market dynamics suggest a tight supply-demand balance. SQM raised its expected sales volume growth guidance for the year from 10% to 15%.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces and sells specialty plant nutrients, iodine and its derivatives, and related products across Chile, Latin America, the Caribbean, Europe, North America, Asia, and internationally.

While we acknowledge the risk and potential of SQM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SQM and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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