Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is among the Lithium Stocks List: 9 Biggest Lithium Stocks.
On March 25, BofA raised the firm’s price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $53 from $49 while maintaining an Underperform rating, noting that lithium prices have surged approximately 150% since last June due to supply curtailments and improving demand dynamics. The firm increased its 2026 EBITDA estimate for the company by 41% to $3.6 billion, which stands about 17% above consensus expectations, driven by higher assumed lithium pricing. However, BofA cautions that the current valuation premium appears stretched, as it anticipates lithium prices to peak in 2026, with any subsequent correction likely to be more moderate than in prior cycles.
On February 23, Berenberg also raised its price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $53 from $47 while maintaining a Hold rating, highlighting that the rebound in lithium prices has more than doubled the share prices of lithium producers from their mid-2025 lows. Despite this recovery, the firm believes that both SQM and its peers are trading above intrinsic value, reflecting elevated expectations embedded in current pricing.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean chemical company and a global supplier of lithium, iodine, plant nutrients, and industrial chemicals.
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