Baird Raises Albemarle's Price Target Amid Lithium Market Optimism

Baird upgrades Albemarle (ALB) to Neutral from Underperform and raises its price target to $113 from $81. The firm attributes the recent rally to optimism around lithium demand for energy storage. Baird remains cautious due to uncertainties around competitive dynamics and limited visibility. Albemarle reported strong Q3 2025 results with revenues of $1.3 billion, beating estimates by $27.65 million, and adjusted EBITDA rose 7% to $226 million.