Price Target Increased on Albemarle Corporation (ALB) Amid Sustained Lithium Market Strength

Albemarle Corporation (NYSE:ALB) is among the 12 Most Promising EV Battery Stocks to Buy Now.

Albemarle Corporation (NYSE:ALB) is among the most promising stocks.

TheFly reported on February 23 that Berenberg Bank increased its price target for ALB to $153 from $135 and kept a Hold rating. The firm noted that the recent lithium price surge has more than doubled the stock prices of major lithium producers since mid-2025, although it believes both ALB and SQM are currently trading above their fundamental valuation levels.

On February 11, 2026, Albemarle Corporation (NYSE:ALB) said it will place Train 1 at its Kemerton lithium hydroxide plant in Western Australia into care and maintenance, following the 2024 idling of Train 2 and halted expansion of Trains 3 and 4. The plant, processing spodumene from Greenbushes, remains part of Albemarle’s Western Australian operations.

The corporation noted the move, prompted by market volatility and cost pressures, improves financial flexibility and is expected to boost adjusted EBITDA in Q2 2026 without impacting 2026 volume guidance. Lithium hydroxide demand will be met through other production, while its Australian mining and exploration assets remain core to strategy.

Moreover, on February 26, ALB’s Board of Directors announced a quarterly dividend of $0.405 per share, payable on April 1, 2026, to shareholders recorded as of March 13, 2026, reflecting an annualized rate of $1.62.

Albemarle Corporation (NYSE:ALB) is a leading producer of lithium and other critical materials for EV batteries. The company supplies high-quality lithium compounds to support electric vehicle production and the growing global demand for sustainable energy storage solutions.

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