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FMC stock lost 61% despite Goldman Sachs' Buy rating and price target cut by half.

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30 Oct 2026, 22:44 WIB
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Bearish
FMC stock lost 61% despite Goldman Sachs' Buy rating and price target cut by half.

Goldman Sachs maintained a Buy rating on FMC despite slashing its price target from $43 to $19 in late 2025, citing generic competition in Latin America as a key threat. However, FMC's stock plummeted 60.9% over the following year, driven by worsening generic competition, large goodwill impairments, credit rating downgrades, and negative earnings. The company faced significant revenue declines and negative equity, with debt far exceeding market cap. Analysts have since lowered targets and ratings, reflecting the deep challenges FMC faces, and the stock remains near its lows with uncertain recovery prospects.

FMC trades at USD 6.18 on Pluang as of Oct 31, 2026 03:02 WIB, recovering from a 52-week low of USD 4.47. The stock shows strong buying interest with 98% buy orders and a 29.29% gain in one day. Despite challenges, FMC offers a 6.74% dividend yield and has a market cap of $738.84M.

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