SQM stock: Wall Street Zen cuts rating from Strong Buy to Buy for SQM stock

Published on 10/24/2026 at 04:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SQM reported USD 2.47 billion revenue in the second quarter of 2026. The consensus target for SQM stock is USD 82.56.

Rating and reporting date

Wall Street Zen cut SQM from Strong Buy to Buy in a report issued October 17, 2026.
SQM reported USD 2.47 billion revenue for the second quarter of 2026, up 136.70 percent year over year.
SQM plans to publish third-quarter 2026 results on November 17, 2026.

SQM, US8336351056, Illustration mit AI erstellt.

SQM (ISIN US8336351056) was downgraded by Wall Street Zen from Strong Buy to Buy in a report issued October 17, 2026, according to MarketBeat. The change put a fresh valuation question beside SQM's strong second-quarter operating rebound.

Rating shifts after stronger results

The quarterly backdrop was materially better than the prior-year comparison. SQM reported USD 2.47 billion in revenue for the second quarter of 2026, up 136.70 percent from USD 1.04 billion in the second quarter of 2025, while diluted earnings per share reached USD 2.31 versus USD 0.79 a year earlier, according to MarketBeat. The figures show why the rating change is less about the latest quarter than about the durability of lithium pricing and future margins.

Three events define the recent picture

On August 14, 2026, SQM reported USD 2.47 billion in quarterly revenue and USD 2.31 diluted earnings per share. On September 18, 2026, JPMorgan cut its price target from USD 94.00 to USD 88.00 and kept a Neutral rating. On October 17, 2026, Wall Street Zen cut its rating from Strong Buy to Buy. The dated sequence and figures were reported by MarketBeat.

What comes next for results?

SQM's investor-relations calendar lists November 17, 2026, for publication of third-quarter financial results and November 18, 2026, for the conference call, according to SQM. The schedule gives investors a defined checkpoint for testing whether the second-quarter revenue surge can continue into the second half.

Analyst targets remain divided

BMO Capital lowered its target from USD 100.00 to USD 90.00 while keeping an Outperform rating on October 6, 2026, as reported by Markets Insider. MarketBeat cited a consensus target of USD 82.56 and a Hold consensus, showing that the strong quarter has not produced a single valuation view.

NYSE close and the next checkpoint

SQM's last dated home-market close was USD 56.37 on the NYSE on October 22, 2026. The next company-defined checkpoint is the third-quarter results release on November 17, 2026, followed by the conference call on November 18, 2026. The further course of trading is shown by the continuously updated real-time quote of SQM stock.