SQM stock gets a Strong Buy upgrade from Wall Street Zen
Published on 10/07/2026 at 00:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SQM stock gets a Strong Buy upgrade from Wall Street Zen as its latest quarterly figures show a sharp rebound in revenue and earnings. The shares were last at USD 66.17 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 0.52 percent from the previous close.
Wall Street Zen raises the rating
According to MarketBeat on October 4, 2026, Wall Street Zen upgraded SQM from Buy to Strong Buy. The broader analyst view remained Moderate Buy in the same report, with an average price target of USD 79.30.
The rating change follows SQM's second-quarter performance. SQM reported Q2 2026 revenue of USD 2.468 billion and gross profit of USD 1.260 billion, compared with USD 1.043 billion and USD 254 million in Q2 2025.
Revenue growth resets expectations
MarketBeat reported that Q2 2026 adjusted earnings per share reached USD 2.31, exceeding the USD 2.03 consensus estimate by USD 0.28. Revenue increased 136.7 percent from the prior-year quarter, giving the lithium and specialty chemicals producer a stronger earnings base than the market had anticipated.
The operating mix matters because SQM sells more than lithium compounds. Its portfolio also includes iodine, specialty plant nutrients and industrial chemicals, while lithium carbonate and lithium hydroxide remain central to the electric-vehicle and energy-storage supply chain.
Consensus target stays above USD 88
According to TradingView on October 3, 2026, the average 12-month target rose from USD 87.38 to USD 88.91. The consensus rating was Buy across 15 covering analysts, with targets ranging from USD 60 to USD 110; the average target stood 34.4 percent above the October 6 price.
That gap leaves the lithium market as the key variable for the valuation. SQM's Q2 revenue of USD 2.468 billion and earnings per share of USD 2.31 provide measurable support, but the stock remains USD 31.83 below the consensus target and USD 31.83 above the low end of the published target range.
Results date is November 17
SQM lists November 17, 2026 as the publication date for its third-quarter financial results, followed by a conference call on November 18, 2026. The next report will show whether the Q2 revenue acceleration continues into the second half of the year.
NYSE price remains below yearly high
SQM was last at USD 66.17 on the NYSE on October 6, 2026 at 4:00 p.m. ET, with a market capitalization of USD 18.9 billion. The 52-week range was USD 40.58 to USD 98.00, and trading volume reached 536,830 shares.
SQM stock facts
- Company: Sociedad Química y Minera de Chile S.A.
- ISIN: US8336351056
- Ticker: SQM
- Trading venue: NYSE
- Price (as of October 6, 2026, 4:00 p.m. ET): USD 66.17
- Market capitalization: USD 18.9 billion (as of October 6, 2026)
- 52-week range: USD 40.58-98.00
- Sector / Industry: Basic Materials / Specialty Chemicals
Upcoming dates for SQM stock
- November 17, 2026: Third-quarter financial results
- November 18, 2026: Third-quarter conference call
