USA Rare Earth price target raised to $40 from $20 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on USA Rare Earth (USAR) to $40 from $20 and keeps a Buy rating on the shares. The firm hosted a series of investor meetings with the company’s management and came away encouraged by the progress toward establishing an alternative, end-to-end rare earth magnet manufacturing supply chain based outside of China in the U.S. and allied countries, the analyst tells investors in a research note. Roth adds that it remains comfortable with initial magnet revenue commencing in early 2026 and believes that customer engagement driven magnet unit demand visibility continues to grow.