Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 60.8, with a low estimate of 42 and a high estimate of 77. The average target predicts an increase of 4.45% from the current stock price of 58.21.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$42	$60.8	$66	$77
Change	-27.85%	+4.45%	+13.38%	+32.28%

Analyst Ratings

The average analyst rating for Freeport-McMoRan stock from 16 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	7	7	7	9	8	8
Buy	6	6	6	6	6	5
Hold	3	3	3	2	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	16	17	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $70 → $66	Buy → Hold	Downgrades	$70 → $66	+13.38%	Apr 24, 2026
Timna Tanners Wells Fargo	Wells Fargo	Buy Maintains $64 → $77	Buy	Maintains	$64 → $77	+32.28%	Apr 15, 2026
Orest Wowkodaw Scotiabank	Scotiabank	Buy Maintains $72 → $71	Buy	Maintains	$72 → $71	+21.97%	Apr 14, 2026
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $68 → $76	Buy	Maintains	$68 → $76	+30.56%	Apr 9, 2026
Nick Cash Goldman Sachs	Goldman Sachs	Strong Buy Initiates $70	Strong Buy	Initiates	$70	+20.25%	Apr 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

29.61B

from 25.92B

14.25%

from 25.92B

Revenue Next Year

35.76B

from 29.61B

20.78%

from 29.61B

EPS This Year

3.03

from 1.52

99.51%

from 1.52

EPS Next Year

3.97

from 3.03

31.00%

from 3.03

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	22.85B	22.78B	22.86B	25.46B	25.92B	29.61B	35.76B
Revenue Growth	60.90%	-0.29%	0.33%	11.38%	1.81%	14.25%	20.78%
EPS	2.90	2.39	1.28	1.30	1.52	3.03	3.97
EPS Growth	607.32%	-17.59%	-46.44%	1.56%	16.92%	99.51%	31.00%
Forward PE	-	-	-	-	-	19.20	14.65
No. Analysts	-	-	-	-	-	26	26

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	35.8B	46.3B
Avg	29.6B	35.8B
Low	24.4B	30.3B

Revenue Growth

Revenue Growth	2026	2027
High	38.0%	56.4%
Avg	14.3%	20.8%
Low	-5.9%	2.3%

EPS Forecast

EPS	2026	2027
High	5.17	8.61
Avg	3.03	3.97
Low	2.24	2.43

EPS Growth

EPS Growth	2026	2027
High	239.9%	183.9%
Avg	99.5%	31.0%
Low	47.6%	-19.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.