Jefferies (NYSE:JEF) analyst Laurence Alexander maintained a Buy rating on MP Materials on Monday, setting a price target of $55, which is approximately 16.38% above the present share price of $47.26.
Alexander expects MP Materials to post earnings per share (EPS) of $0.24 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in MP Materials, with an average price target of $52.5.
The analysts price targets range from a high of $55 to a low of $51.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $99.75 million and a net profit of $54.09 million. The company's market cap is $8.41 billion.
According to TipRanks.com, Jefferies analyst Laurence Alexander is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.7% and a 62.09% success rate.
Fortress Value Acquisition Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses that the company has not yet identified.