USA Rare Earth (NASDAQ:USAR) is shaping up as the go-to rare earth stock in the West, according to Cantor Fitzgerald.
The firm’s analysts, Derek Soderberg and Drew Nordquist, raised their 12-month price targets to $35 from $30, reiterating an Overweight rating.
There are several catalysts supporting the bull case. Production is accelerating, a transformative acquisition is closing, European production is expanding, and the strong U.S. government backing is de-risking the investment thesis.
From Mine to Magnet
USAR commissioned phase 1a of its Stillwater, Oklahoma, magnet manufacturing facility in March, setting up initial commercial shipments for the second quarter of 2026. The 600 metric tons per year production line should reach full run-rate capacity by year-end, with phase 1b bringing total Stillwater capacity to 1,200 metric tons in the first quarter of 2027.
Soderberg and Nordquist said they will be closely monitoring the magnet production learning curve — yield improvement, throughput, and equipment effectiveness — as the company moves from commissioning to commercial scale.
Revenue estimates more than doubled in the latest note, with 2026 projections rising to $80.8 million from a prior $40.4 million, and 2027 estimates surging to $453.3 million from $197.2 million.
Closing the Loop
The revision reflects the inclusion of Serra Verde‘s contribution following an …
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