USA Rare Earth, Inc. (NASDAQ:USAR) is one of the 10 best meme stocks to buy now, with shares up over 60% year-to-date. The U.S. government announced a $1.6 billion funding which led to a surge in late January.

Analysts see 94% upside potential for USA Rare Earth, Inc. (USAR). The company received a letter of intent for a debt-and-equity package to develop a rare-earth mine in Texas and a magnet-manufacturing facility.

Roth Capital raised its price target on USA Rare Earth, Inc. to $35 from $25, while Cantor Fitzgerald’s target is now $35 from $28. Both firms maintain Buy ratings, citing the potential for magnet production to generate $1.2 billion in EBITDA by 2030.

USA Rare Earth, Inc. (USAR) is actively engaged in the mining and supply of rare earths and other critical materials. The stock is currently rated as a Strong Buy with an average share price upside of nearly 94%.

While USAR shows promise as an investment, other AI stocks may offer greater upside potential with less risk. For more information on undervalued AI stocks, check out the free report on the best short-term AI stock.

Disclosure: None.

Read more at Yahoo Finance: Analysts See 94% Upside To USA Rare Earth, Inc. (USAR)