Williams Wesley Hastie sells $328k in Cipher Mining shares
Investing.com -- JPMorgan upgraded MP Materials to Overweight from Neutral, arguing that investors are overlooking what the firm calls the company’s “underappreciated national security importance and unmatched earnings visibility.”
In the note, JPMorgan analyst Bill Peterson set a new December 2026 price target of $74 on the stock, down slightly from $75, implying “~29%” upside from the stock’s Nov. 13 close.
Peterson said the bank’s new rating follows updates to its MP model after third-quarter results, including “new accounting guidance for its landmark DoD deal… including the $110/kg NdPr price floor kicking in Oct-1.”
The analyst wrote that rare earths’ national security concerns are “here to stay” even after China’s reported pause on export restrictions, adding that “risks remain, especially for military exposure.”
According to JPMorgan, MP’s “unique mine-to-magnet vertical integration positions the company as the ex-China leader ready to immediately begin addressing these concerns,” though the firm noted it will take “multiple players over many years to sort out” long-term supply security.
The analysts also said shares appear attractive after falling sharply.
While JPMorgan acknowledged that “retail-driven volatility will likely persist in the near-term,” the analyst argued that long-term investors should “take comfort in building a position in a government-backed company with unmatched earnings visibility.”
They added that the company’s structure and its role in U.S. national-security supply chains provide potential upside in the coming years.