MP Materials Stock Surges on Rare-Earth Export Truce – Analysts Weigh In
MP Materials closed at $64.29 on Oct. 29, down from a mid-October peak of $100.25 after U.S.–China trade news triggered a sharp pullback. Shares remain up nearly 300–380% year-to-date, fueled by a $400 million U.S. Defense Department investment and a $500 million Apple supply deal. MP remains unprofitable, posting a Q2 loss of $0.13 per share despite 84% revenue growth. Analyst consensus targets average $77.80.