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Freeport-McMoRan Inc. (NYSE:FCX) is one of the

8 Best Beginner Stocks to Buy Right Now.

On April 15, 2026, Deutsche Bank raised its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $72 from $58 and maintained a Buy rating, saying the company is on a recovery path heading into its Q1 report.

Similarly, Wells Fargo increased its price target to $77 from $64 while keeping an Overweight rating, reflecting higher copper price assumptions driven by mine disruptions and rising cost expectations. JPMorgan analyst Bill Peterson also raised his price target to $76 from $68 and reiterated an Overweight rating as part of a broader base metals preview. The firm noted that while aluminum stocks have outperformed since the start of the Middle East conflict, copper names have lagged amid inflation concerns, with near-term direction tied closely to geopolitical developments.

Pixabay/Public Domain

Earlier in the month, Goldman Sachs initiated coverage of Freeport-McMoRan with a Buy rating and a $70 price target, citing the company’s exposure to structural copper supply deficits along with added leverage to gold. The firm also pointed to supportive macro and geopolitical dynamics and said Freeport’s production profile appears to be at an inflection point, which could amplify earnings in a stronger pricing environment.

Freeport-McMoRan Inc. (NYSE:FCX) is a global mining company focused on copper, gold, and other minerals.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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