What’s Macquarie’s new price target on Lynas Rare Earths shares?
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Lynas Rare Earths Ltd (ASX: LYC) shares have been in sensational form this year.
Since the start of 2025, the rare earths producer’s shares have risen a massive 130%.
This begs the question: have investors missed the boat with this one?
Let’s see what analysts at Macquarie Group Ltd (ASX: MQG) are saying about this high-flying stock.
What is the broker saying?
Macquarie has been running the rule over the company’s quarterly update, which was released earlier this week.
It was a touch disappointed with the update, noting that its revenue missed expectations despite higher than expected sales volumes. The broker said:
Sales miss: While total REO sales beat by 8%, revenue was a miss of 12% driven by a 21% miss…
