Baird analyst Ben Kallo has adjusted the price target for Albemarle (ALB, Financial), reducing it from $77 to $60. Despite maintaining a Neutral rating on the stock, this revision comes as part of a first-quarter earnings forecast. The analyst anticipates a subdued outlook for sustainable energy and mobility in the second quarter and the latter half of 2025, with global market uncertainties playing a significant role in this assessment.
While Albemarle faces these challenges, Baird continues to show strong support for other companies in the sector. Notably, Bloom Energy (BE) and MP Materials (MP) are highlighted as the firm's top picks for the year. In addition, Baird expresses a willingness to increase its position in Itron (ITRI) as the quarter progresses. There is also ongoing positive sentiment towards First Solar (FSLR), indicating a strategic focus on specific growth opportunities within the clean energy space.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Albemarle Corp (ALB, Financial) is $93.18 with a high estimate of $155.00 and a low estimate of $60.00. The average target implies an upside of 62.36% from the current price of $57.39. More detailed estimate data can be found on the Albemarle Corp (ALB) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Albemarle Corp's (ALB, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Albemarle Corp (ALB, Financial) in one year is $109.71, suggesting a upside of 91.17% from the current price of $57.39. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Albemarle Corp (ALB) Summary page.
