Lithium Stock Albemarle Gains 3% on Earnings and Revenue That Beat Wall Street's Estimates
(NYSE: ALB) stock gained 2.7% on Thursday, following the giant lithium producer's release on the prior afternoon of its fourth-quarter 2023 report. This modest rise was likely in part due to the quarter's revenue and adjusted earnings per share (EPS) exceeding Wall Street's expectations. Shares also probably got a mild tailwind from the overall market, as all the major indexes were up.
On the negative side, however, the North Carolina-based specialty chemicals company's 2024 revenue guidance came in lighter than the analyst consensus estimate.
Source Fool.com
Albemarle Corp Stock
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As a result the target price of 178 € shows a positive potential of 47.62% compared to the current price of 120.58 € for Albemarle Corp.