JPMorgan Raises PT on Freeport-McMoRan (FCX) Stock

1 week ago 6

Bob Karr

Tue, April 14, 2026 astatine 5:00 AM CDT 1 min read

Freeport-McMoRan Inc. (NYSE:FCX) is 1 of the Best Multibagger Stocks to Buy for Long Term. On April 9, JPMorgan analyst Bill Peterson lifted its terms nonsubjective connected the company’s banal to $76 from $68, portion keeping an “Overweight” standing connected the shares. The revised terms nonsubjective represents an summation of ~12.1% from the closing terms of $67.8. Notably, the steadfast adjusted the terms targets successful the broader basal metals group. This accommodation forms portion of the Q1 preview.

JPMorgan Raises PT connected Freeport-McMoRan (FCX) Stock

As per the analyst, ever since the struggle successful the Middle East began, the aluminum stocks person importantly outperformed. On the different hand, the ostentation worries person impacted the copper stocks. Therefore, the steadfast opines that the near-term absorption of the broader radical is babelike connected the developments happening successful the Middle East.

Notably, 2 probe analysts person a “Strong Buy” standing connected Freeport-McMoRan Inc. (NYSE:FCX)’s stock, portion 18 analysts person a “Buy” rating. Finally, 3 analysts gave a “Hold” standing to its stock.

Freeport-McMoRan Inc. (NYSE:FCX) is simply a starring planetary mining company.

While we admit the imaginable of FCX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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