Sociedad Química y Minera de Chile (SQM) PT Raised to $100 at Scotiabank as Top 2026 Pick

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the hot EV stocks to buy now. On March 4, Scotiabank increased its price target for Sociedad Química y Minera de Chile from $90 to $100 while maintaining an Outperform rating. The firm continues to designate the company as a top pick for investors as they look toward 2026.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) also held its Q4 and full-year 2025 earnings on March 2, reporting annual revenues of $44.6 billion and net income of $588 million. CEO Ricardo Ramos highlighted the year’s strategic milestones, including the formation of Nova Andino Litio through an agreement with Codelco and record quarterly lithium sales volumes exceeding 66,000 metric tons.

Sociedad Química y Minera de Chile (SQM) PT Raised to $100 at Scotiabank as Top 2026 Pick

On February 23, Berenberg increased its price target for Sociedad Química y Minera de Chile from $47 to $53 while keeping a Hold rating. The firm noted that a rally in lithium prices has caused producer share prices to more than double since mid-2025, leading to the assessment that Sociedad Química y Minera de Chile is currently trading above its fundamental valuation levels.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces and sells specialty plant nutrients, iodine, and its derivatives worldwide.

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 this cheapest AI stock.

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