Prediction: USA Rare Earth Doubles Before 2028
Starting in 2027, USA Rare Earth will become one of the most important miners in the U.S. Here's why.
Overview
The market doesn't know what to think about USA Rare Earth (NASDAQ: USAR). Its 52-week price chart has a Jack-o'-lantern smile, with peaks in the $40s and troughs in the $10s. Wide price swings aren't uncommon for a growth stock, but USAR gives the unmistakable impression that Wall Street simply can't make up its mind.
Surely, some of that confusion is owed to the mismatch between USAR's business and valuation, which at times has been truly absurd. Last October, for instance, the metal company had a market cap north of $5 billion while generating essentially zero revenue.
Details
Starting in 2027, however, the bull case for USAR is going to get stronger -- strong enough, I think, to make it rally back to its former highs. Here's why.
Source
Originally published at www.fool.com.