Mizuho Upgrades Albemarle to Outperform Amid Rising Lithium Demand
Mizuho has upgraded Albemarle (ALB) from neutral to outperform, citing strong demand for battery and stationary storage lithium. Analyst John Roberts highlighted ALB's position as the lowest-cost producer with an improved balance sheet offering resilience amid market volatility. The firm set a $130 price target on shares, implying 33% upside potential based on recent closing prices. Lithium carbonate is projected to rise from $18,375 per metric ton in early 2026 to $22,500 by the end of 2027. Despite this positive outlook, Albemarle's shares have fallen 31% year-to-date due to weak lithium prices and market conditions. Mizuho’s upgrade aligns with broader analyst sentiment: out of 23 analysts covering ALB, 15 hold a buy or strong buy rating.
Tickers: $ALB
Topics: Albemarle (ALB) Commodity Demand Lithium Stock Rating Change
Part of the story Mizuho Upgrades Albemarle to Outperform Amid Rising Lithium Demand (2 articles)