Is Albemarle Stock Going to $156? 1 Wall Street Analyst Thinks So.

Motley Fool04-14

Albemarle's stock price has dropped more than 50% since the peak in lithium prices 18 months ago. Lithium prices have bounced off the bottom and may be recovering as EVs are still in demand ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427080079?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F772473%2Fstocks-green-arrow.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-04-14 17:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2427080079","market":"fut","top_or_hot":-1,"title":"Is Albemarle Stock Going to $156? 1 Wall Street Analyst Thinks So.","media":"Motley Fool","content":"<div>\n<p>Albemarle's stock price has dropped more than 50% since the peak in lithium prices 18 months ago. \n\n\n\n\n\n\n\nLithium prices have bounced off the bottom and may be recovering as EVs are still in demand ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/14/albemarle-stock-go-to-156-wall-street-analyst/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Albemarle Stock Going to $156? 1 Wall Street Analyst Thinks So.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Albemarle Stock Going to $156? 1 Wall Street Analyst Thinks So.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-14 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/14/albemarle-stock-go-to-156-wall-street-analyst/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Albemarle's stock price has dropped more than 50% since the peak in lithium prices 18 months ago. \n\n\n\n\n\n\n\nLithium prices have bounced off the bottom and may be recovering as EVs are still in demand ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/14/albemarle-stock-go-to-156-wall-street-analyst/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1244550577.SGD","symbol_name":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","start_time":0,"source_url":"https://www.fool.com/investing/2024/04/14/albemarle-stock-go-to-156-wall-street-analyst/","article_id":"2427080079","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F772473%2Fstocks-green-arrow.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427080079","pubTimestamp":1713087000,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Lithium prices may have bottomed, which could be a bullish signal for Albemarle.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4548":"巴美列捷福持仓","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4109":"特种化学制品","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK4585":"ETF&股票定投概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","ALB":"美国雅保","LU0823414478.USD":"法巴经典能源转换基金","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4545":"锂电池","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)"},"translate_title":"雅宝的股票会涨到156美元吗？一位华尔街分析师认为是这样的。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALB":1},"content_text":"Albemarle's stock price has dropped more than 50% since the peak in lithium prices 18 months ago. \n\n\n\n\n\n\n\nLithium prices have bounced off the bottom and may be recovering as EVs are still in demand globally.\n\nLithium prices have plunged by more than 80% since hitting a recent peak in November 2022. But the bottom of this latest trough may have been reached as the pricing of the metal widely used for electric vehicle (EV) batteries is up by about 10% so far this year.That price performance led one Wall Street analyst to upgrade shares of Albemarle (ALB -5.93%) from a hold rating to a buy rating this week. Bank of America Securities analyst Matthew DeYoe also boosted his share price target for the lithium miner to $156. DeYoe raised that from a previous target price of $137. The new target represents a gain of more than 21% over the next 12 months or so from its current price.EV demand in focus when it comes to Albemarle's performanceDeYoe's positive view of Albemarle stock is based on the continued recovery of lithium prices. The huge decline over the last 18 months came as electric vehicle makers began slashing prices to boost sales. The drop from initially very strong demand has been seen globally.It's not a stretch to tie Albemarle's share price to the pricing of the commodity either. Albemarle stock has dropped more than 50% since lithium prices peaked in November 2022.Ultimately commodity pricing is based on the balance of supply and demand. The initial surge in demand for EVs led to higher demand for lithium batteries as well as a boost in mining and refining capacity. The decline in EV sales growth resulted in a lopsided supply/demand balance.But EVs are still selling. Even if the pace of growth has slowed, the market is still there. The pendulum in lithium pricing may be swinging back the other way now. That's what could drive the more than 21% boost in the share price that DeYoe predicts. That's a sensible analysis of the supply and demand picture.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427080079"}