Morgan Stanley cuts target for MP Materials stock from USD 73.00 to USD 66.00
Published on 10/24/2026 at 19:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- On October 7, 2026, Morgan Stanley cut its MP Materials target from USD 73.00 to USD 66.00.
- Second-quarter 2026 revenue rose 89.00 percent to USD 108.49 million, while net income attributable to common shareholders was minus USD 20.30 million.
- MP Materials stock costs EUR 34.50 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.29 percent above the Tradegate close of October 23, 2026.
- MP Materials will publish third-quarter 2026 results on November 5, 2026 after the U.S. markets close.
MP Materials (ISIN US5533681012) faces a lower valuation benchmark after Morgan Stanley cut its price target from USD 73.00 to USD 66.00 on October 7, 2026, according to MarketBeat. The target remains 72.32 percent above the USD 38.30 NYSE price from October 23, 2026.
MP Materials was trading at EUR 34.50 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, up 0.29 percent versus the Tradegate close of EUR 34.40 on October 23, 2026.
Revenue growth meets a loss
The operating picture improved in the second quarter of 2026. MP Materials generated USD 108.49 million in revenue, an 89.00 percent year-over-year increase, while net income attributable to common shareholders was a loss of USD 20.30 million, according to Investing.com.
NdPr sales volumes reached 1,006 metric tons in the quarter, up 127.00 percent from 443 metric tons a year earlier. Consolidated adjusted EBITDA improved to USD 28.49 million from a loss of USD 12.54 million in the second quarter of 2025, although the company remained loss-making on a net basis.
Price position stays near the yearly low
The USD 38.30 NYSE price on October 23, 2026 stood 3.21 percent above the 52-week low of USD 37.11 and 50.13 percent below the 52-week high of USD 76.80. Market capitalization was USD 6.8 billion, and volume reached 3,288,572 shares on that date.
MP Materials operates in Basic Materials and Industrial Materials, with mining, processing and magnet manufacturing activities centered on its Mountain Pass operation and downstream facilities.
November date sets the next test
MP Materials will release its third-quarter 2026 results after the U.S. markets close on November 5, 2026 and will hold its conference call at 5:00 p.m. ET, according to the company's MP Materials release dated October 8, 2026. The report will cover the quarter ended September 30, 2026.
Target cut meets operating progress
The contrast is clear: Morgan Stanley's USD 66.00 target is materially above the latest NYSE price, while second-quarter revenue and NdPr volumes accelerated. The November report will test whether that operational improvement continued into the third quarter.
The further course of trading is shown by the continuously updated real-time quote of MP Materials stock.
MP Materials market facts
- Company: MP Materials Corp.
- ISIN: US5533681012
- Ticker: MP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 24, 2026, 1:04 p.m. CEST): EUR 34.50
- Change versus Tradegate close: plus 0.29 percent
- Tradegate close (October 23, 2026): EUR 34.40
- Market capitalization: USD 6.8 billion (as of October 23, 2026)
- 52-week range: USD 37.11-76.80 (as of October 23, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
Market context: Market report S&P 500.
