Goldman Sachs Boosts Target to $100 on 69.8% Q1 Revenue Surge
SQM•SQM•SQM•SQM•Goldman Sachs raised Sociedad Química y Minera de Chile’s price target to $100, implying 19.88% upside after Q1 revenue climbed 69.8% to US$1.76 billion and net income soared 165.2% to US$364.7 million. The lithium division shipped 69,000 metric tons in Q1 and full-year revenue is now forecast at US$7.30 billion.
Goldman Sachs set a new $100 price target for Sociedad Química y Minera de Chile shares, implying a 19.88% potential upside and highlighting confidence in the company’s lithium-driven growth.
In Q1, revenue reached US$1.76 billion, up 69.8% year-over-year, while net income jumped 165.2% to US$364.7 million, driven by higher volumes and robust pricing in key chemical and mining segments.
Lithium shipments totaled 69,000 metric tons in Q1, supporting projections for full-year revenue of US$7.30 billion, a 58% increase, as electric vehicle battery demand remains strong.
