JPMorgan lowered its price target for Sociedad Quimica y Minera de Chile (SQM) to $88 on September 18, 2026. Record-breaking lithium sales volumes prompted the move and sparked discussions regarding the company's valuation.
SQM shares recently fluctuated despite a one-year total shareholder return of nearly 70%. The company is currently advancing environmental paperwork for its Salar Futuro project. Production capacity expansions in Australia are expected to support long-term volume and revenue growth.