MP Materials Stock Soars on Defense Partnership and Analyst Confidence

Shares of MP Materials, the Western Hemisphere’s leading producer of rare earth elements, surged 8.1% in a single trading session. The rally was fueled by a significant analyst upgrade and growing market optimism surrounding government backing for producers of critical minerals. Trading volume was notably heavy, reaching 169% of the daily average. The stock hit an intraday high of $82.23 before settling to close at $76.98.

The primary catalyst for the upward move was a bullish research note from investment bank Jefferies. The firm not only reaffirmed its “Buy” rating but also raised its price target substantially, from $85 to $90 per share. Analysts highlighted the company’s strategic value as a potential “national champion,” a position strengthened by its vertical integration strategy and growth prospects... Read more...