Investment firm Wedbush upgrades TMC to "outperform" with $11 price target, citing production potential

From Yahoo Finance: 2025-06-26 13:33:00

TMC the metals company Inc. (NASDAQ:TMC) soared 13.31% on Wednesday to $7.49 per share after receiving a bullish rating from Wedbush, who upgraded the company to “outperform” with a price target of $11, a 49% upside from its latest close. This upgrade was based on the potential of TMC to bypass the UN-affiliated International Seabed Authority and increase production in the Clarion Clipperton Zone due to President Trump’s executive order.

Wedbush believes TMC is well-positioned to enhance US supply chain independence amidst escalating trade tensions with China, particularly in rare earths and critical minerals. While TMC shows promise as an investment, some AI stocks may offer higher returns with less downside risk. For more information on a cheap AI stock that could benefit from Trump tariffs, check out our free report on the best short-term AI stock.



Read more at Yahoo Finance: TMC (TMC) Jumps 13.3% as Investment Firm Turns Bullish