S&P 500 Futures Decline in Premarket Trading; GameStop, Rollins Inc Lag
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Source: Barron's
Market Performance: Albemarle Corp. and Weatherford International PLC saw significant pre-market gains, while GameStop and Rollins Inc. experienced notable declines; S&P 500 futures were down 0.25% ahead of market opening.
Commodities and Global Indices: Brent crude oil and gold futures rose slightly, Bitcoin fell by 2.19%, and European stocks showed positive movement despite declines in Asian markets.
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Analyst Views on ALB
Wall Street analysts forecast ALB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALB is 149.79 USD with a low forecast of 85.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
10 Buy
10 Hold
0 Sell
Moderate Buy
Current: 194.180
Low
85.00
Averages
149.79
High
210.00
Current: 194.180
Low
85.00
Averages
149.79
High
210.00
About ALB
Albemarle Corporation is engaged in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. The Company’s segments include Energy Storage, Specialties, and Ketjen. The Energy Storage segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. Its Specialties business optimizes its portfolio of bromine and highly specialized lithium solutions. Its Specialties business serves a variety of industries, including energy, mobility, connectivity, and health. Specialty products are essential in both internal combustion and electric vehicles, from high-voltage cables and powertrains to airbags and tires. Its Ketjen segment includes clean fuels technologies (CFT), fluidized catalytic cracking (FCC) catalysts and additives, and performance catalyst solutions (PCS). It serves various markets such as grid storage, automotive, aerospace, conventional energy, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Albemarle Focuses on Core Business, Anticipates Dramatic Profit Increase
- Cost-Cutting Strategy: Albemarle's implementation of cost-cutting measures is expected to dramatically increase its earnings per share from a loss of $0.84 in 2025 to $2.29 in 2026, indicating significant improvements in profitability.
- Lithium Market Recovery: The price of lithium carbonate has doubled over the past year, and with the growing battery energy storage market, Albemarle is positioned for a robust growth cycle that is likely to enhance its profits significantly.
- Analyst Rating Upgrades: This week, Albemarle received price target upgrades from four analysts, ranging from $180 to $210, reflecting market recognition of its improving fundamentals and contributing to a more than 16% increase in stock price over the week.
- EV Market Dynamics: Despite electric vehicle sales not developing as expected, automakers like Ford and General Motors are ramping up investments in battery manufacturing, further driving the recovery in lithium demand, signaling a strong market rebound in 2026.
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Albemarle (ALB) Receives Four Analyst Price Target Upgrades to $210
- Analyst Upgrades: Albemarle received four analyst price target upgrades this week, ranging from $180 to $210, reflecting market recognition of its growth potential, especially after a 125% stock price increase.
- Earnings Improvement Forecast: Analysts project Albemarle's earnings per share to rise to $2.29 in 2026 from a loss of $0.84 in 2025, indicating a significant turnaround and cyclical recovery in the lithium market.
- Growing Lithium Demand: With increased investments in electric vehicle batteries and energy storage, Albemarle is well-positioned to benefit from rising lithium demand, particularly as automakers like Ford and GM ramp up battery manufacturing.
- Optimistic Market Outlook: Albemarle's third-quarter report showed strong demand for energy storage, combined with lithium carbonate prices doubling over the past year, suggesting the company is set for substantial profit growth in 2026, further solidifying its market position.
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