Stock Track | MP Materials Soars as Deutsche Bank Raises Price Target

Stock Track

2024/11/12

MP Materials Corp. (MP) witnessed a significant surge in its stock price, soaring 5.08% on November 11, 2024. This rally can be attributed to a positive analyst action from Deutsche Bank, which raised its price target for the rare earth mining company.

According to reports, Deutsche Bank has adjusted its price target for MP Materials to $19 per share, up from the previous target of $13. Despite the price target increase, the bank maintained its "Hold" rating on the stock.

The upward revision in the price target reflects Deutsche Bank's more optimistic view of MP Materials' prospects. While the exact reasoning behind the upgrade remains unclear, it likely factors in the company's strong performance and potential growth opportunities in the rapidly expanding rare earth market.

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(MP) witnessed a significant surge in its stock price, soaring 5.08% on November 11, 2024. This rally can be attributed to a positive analyst action from Deutsche Bank, which raised its price target for the rare earth mining company.</p>\n\n<p>According to reports, Deutsche Bank has adjusted its price target for MP Materials to $19 per share, up from the previous target of $13. Despite the price target increase, the bank maintained its \"Hold\" rating on the stock.</p>\n\n<p>The upward revision in the price target reflects Deutsche Bank's more optimistic view of MP Materials' prospects. 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