Commodity stocks are expected to be strong performers. But it's been a rough year for lithium stocks. Albemarle Corp. (NYSE: ALB) is down over 33% in 2026, but it just got a bullish spark. On Oct. 14, Mizuho's John Roberts upgraded the lithium giant to Outperform from Neutral. The analyst believes that lithium's demand story is about to take a bullish turn.
Roberts gave ALB a $130 price target, implying a gain of more than 30% from recent levels. Roberts believes the catalyst will come from booming demand for battery energy storage systems (BESS).