MP Materials-凭借本土稀土布局及与美国政策的战略契合，有望通过垂直整合释放重大价值；首次覆盖给予买入评级

18 November 2025 | 9:36PM EST Equity Research MP Materials (MP) Domestic rare earths position and strategic alignment with US policy set to unlock significant value through vertical integration; initiate at Buy | MP | | --- | | 12m Price Target: $77.00 | | Price: $58.51 | | Upside: 31.6% | We are initiating coverage of MP with a Buy rating and a $77, 12-month price target, implying ~32% upside from current levels. MP is the largest rare earth producer in the Western Hemisphere (per GSe), with a primary focu ...