Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is included in our list of the 7 Best Potash Stocks to Buy According to Analysts.

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On July 28, 2025, JPMorgan reiterated its ‘Neutral’ rating, raising the price target for Sociedad Química y Minera de Chile S.A. (NYSE:SQM) from $39 to $41. This price revision comes just a month after the analyst reduced its target for the company amid softer lithium price forecasts and weaker Q1 performance of SQM.

In Q1, while electric vehicle demand rebounded, the analyst remains wary of trade tensions and over-supply concerns in the lithium market. The analyst reduced SQM’s 2025 EBITDA forecast to $1.407 billion, which is 4% below consensus. Furthermore, the analyst noted that Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is burning $77 million in cash, with a valuation of 9x forward EV/EBITDA. Thus, the analyst sees limited room for a rerating in the short term. The analyst attributed the price target increase to the lithium market recovery.

Catering to global agriculture, energy, and technology sectors, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces lithium, iodine, potassium, and industrial chemicals. The company also produces potash-based fertilizers. It is included in our list of the best potash stocks.

While we acknowledge the potential of SQM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.