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MP Materials' stock surged despite Q4 earnings falling short, as analysts raised price targets.
MP Materials, a rare earth materials producer, reported Q4 earnings below expectations but beat revenue forecasts.
Despite a negative EPS of $0.14 and a net margin of -32.24%, the company's stock surged to $24.25.
Analysts from Canaccord Genuity Group and BMO Capital Markets raised their price targets, with an average rating of "Moderate Buy."
Insiders have sold over $20 million worth of shares recently.
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Las acciones de MP Materials aumentaron a pesar de que las ganancias del cuarto trimestre no alcanzaron los objetivos, ya que los analistas elevaron los precios.