Canaccord Genuity Reiterates Buy Rating on MP Materials (MP)

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $26.00 price target on MP Materials (NYSE: MP).

The analyst commented: "We adjusted our estimates in line with our global team’s new NdPr pricing assumptions. We maintain our BUY rating and $26 price target. We see MP’s assets as unique and its glidepath to vertically integrated rare earth magnetics production as timely and inimitable. Despite our lowered estimates, the strategic value of MP’s vertically integrated US magnetics assets have been materially enhanced by recent Trump Administration initiatives, in our view. As a result, our 2026E EV/EBITDA multiple moves from ~11x to ~17x — reflecting a premium to industry comps at ~10x."

For an analyst ratings summary and ratings history on MP Materials click here. For more ratings news on MP Materials click here.

Shares of MP Materials closed at $26.06 yesterday.

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