MP

Over the past six months (March 2026 - September 2026), MP Materials' stock price declined by 31.54% from $72.13 on September 18, 2025, to $49.38 on September 17, 2026, after reaching an all-time high of $100.25 on October 13, 2025. In Q1 2026, the company reported record NdPr production of 917 metric tons (a 63% increase year-over-year) and record NdPr sales of 1006 metric tons (a 117% increase year-over-year), with consolidated revenue and PPA Income reaching $132.9 million, and broke ground on its 10X magnetics facility. Q2 2026 saw revenue rise by 89% to $108.5 million, NdPr sales volume increase by 127%, and adjusted EBITDA improve significantly to $28.5 million from a prior year loss. As of September 23, 2026, analysts have a consensus "Moderate Buy" rating with an average price target of $76.29, representing about 54.9% upside, though some suggest a "Hold" due to high valuation and a more attractive entry point around $35–$40. On September 21, 2026, MP shares rose by 5.8% to $50.00, but the stock had a year-to-date decline of 1.0% and a 31.7% drop over the past year; GuruFocus assessed the company as overvalued, and insider activity showed significant net selling totaling $144.8 million over the past 12 months.