Wells Fargo Increases PT on Albemarle Corporation (ALB) from $60 to $75; Maintains 'Equal Weight' Rating

Due to strong hedge fund interest, Albemarle Corporation (NYSE:ALB) is among the 11 Best Mineral Stocks to Buy According to Hedge Funds.

On July 14, 2025, Wells Fargo increased its price target on Albemarle Corporation (NYSE:ALB) from $60 to $75, maintaining an ‘Equal Weight’ rating. On the same day, the company’s share price, which opened at $70.79, soared to $71.87, representing a 1.53% increase. Since then, it has grown by 7.35%, reaching $77.15. This follows strong momentum demonstrated by ALB in the past month, where its share price has risen 36.16%. This strong growth is driven by the favorable specialty chemicals equity market, which has also demonstrated the same growth in the past month.

Meanwhile, on July 14, KeyBanc, while maintaining an ‘Overweight’ rating on Albemarle Corporation (NYSE:ALB), reduced its price target from $95 to $87. Furthermore, Zacks Research issued a ‘Hold’ rating for ALB due to weak revenue expectations. The analyst expects a 15% drop that will take the company’s current quarter sales to $1.21 billion.

Albemarle Corporation (NYSE:ALB), through its Energy segment, offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride, serving consumer electronics and the EV market. It is included in our list of the Best Material Stocks.

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Disclosure: None.