USA Rare Earth Inc. (USAR) saw Canaccord raise its price target to $33 following a $1.6 billion commitment from the CHIPS Program. Benchmark analyst Subash Chandra also upped the target to $45 with a Buy rating. The company secured 85% of the $4.1 billion needed for full vertical integration, with $1.9 billion in government funding.

USA Rare Earth Inc. (USAR) mines and supplies rare earths and critical minerals in the US, exploring for neodymium, dysprosium, terbium, and others. While considered a good investment, some AI stocks may offer greater upside potential and lower downside risk. Check out the best short-term AI stock for more information.

Read more at Yahoo Finance: Canaccord Raises USA Rare Earth (USAR) PT to $33 Following $1.6B CHIPS Program Commitment