Apple's $500 Million Rare Earth Deal With MP Materials Pushes Deutsche Bank To Triple Price Target — Analyst Says Catalyst 'Priced In'

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Deutsche Bank has significantly raised its stock price target for MP Materials Corp. (NYSE:MP) following a strategic investment from the Defense Department and a substantial contract with Apple Inc. (NASDAQ:AAPL).

What Happened: Deutsche Bank has more than tripled its stock price target for MP Materials, a rare-earth miner. The company’s shares are now projected to rise to $67, a substantial increase from the previous target of $20. This new target suggests an 11.18% upside from the closing price of $60.26 per share on Thursday, as reported by CNBC.