Freeport-McMoRan stock set for 29% gain despite revenue drop, driven by strong copper demand and rising EPS forecast.

Freeport-McMoRan, a major copper mining company, is positioned to benefit from a global metals supercycle fueled by electrification and AI infrastructure. Goldman Sachs raised its price target to $74, implying a 28.74% upside from current levels, despite recent stock volatility and a 2.74% drop. The company expects an 11.11% rise in earnings per share to $0.60, signaling improved profitability, although revenue is forecasted to decline by 16.25%. Investors are watching the upcoming earnings report closely, with a history of earnings surprises supporting optimism about the stock's future performance.