USA Rare Earth Inc (USAR) PT Raised to $35 at Cantor Fitzgerald

Cantor Fitzgerald analyst Derek Soderberg raised the price target on USA Rare Earth Inc (NASDAQ: USAR) to $35.00 (from $28.00) while maintaining a Overweight rating.

The analyst commented, "Earlier this week (1/26), USAR secured a letter of intent (LOI) from the U.S. government and concurrently raised capital via a $1.5B PIPE that cumulatively increases access to ~3.5B in capital (including current $343M cash balance). The capital injection is timely given the company is currently accelerating mining operations and expanding LCM's metal-making capacity. Moreover, magnet production line 1a is being commissioned, and remains on track for 1Q26 commissioning / F26 commercialization. With funding secured (de-risks mining, metal-making segments), our focus is on execution surrounding magnet production. Should USAR execute, management sees the potential to generate $1.2B in 2030E EBITDA. We reiterate our Overweight rating and raise our 12-month price target to $35 (from $28)."

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