Bank of America Securities Keeps a Buy Rating on Albemarle Corporation (ALB)
Albemarle Corporation (NYSE:ALB) is one of the 8 Biggest EV Stocks to Watch in 2025. Rock Hoffman of Bank of America Securities stated in a published research report that he still had a buy recommendation on Albemarle Corporation (NYSE:ALB), with a price target of $93.00. The closing price of the company's shares yesterday was $62.30.
A team of scientists in a laboratory observing the sophisticated engineering of specialty chemicals.
According to Albemarle Corporation (NYSE:ALB)'s most recent financial report, the company made $1.08 billion in revenue and $41.35 million in net profit for the quarter that ended on March 31. In contrast, the business made $1.36 billion in revenue and $2.45 million in net profit the previous year.
Albemarle Corporation (NYSE:ALB) is among the biggest producers of lithium worldwide. The primary source of demand for lithium in the lithium business is batteries, which employ lithium as an energy storage material, especially in electric vehicles. The firm is a complete manufacturer of lithium.
While we acknowledge the potential of ALB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.
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