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Tag: price targets

  • Mizuho Upgrades EQT Corp. (EQT) Outlook Citing Long-Term Value Despite Market Headwinds

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    EQT Corporation (NYSE:EQT) is one of the most profitable value stocks to invest in right now. On December 12, Mizuho raised the firm’s price target on EQT Corporation to $68 from $60 and maintained an Outperform rating on the shares. This decision was made as Mizuho refreshed its 2026 outlook for the E&P sector, adjusting ratings and price targets to account for underappreciated value within the group. While broader investor sentiment remains dampened by concerns over an oil supply glut and high natural gas storage levels, the firm believes that solid long-term fundamentals will begin to drive a market re-rating by 2026.

    Earlier on November 8, JPMorgan raised the price target on EQT Corporation to $64 from $62 and kept an Overweight rating on the shares. This was announced as JPMorgan adjusted its 2026 projections for the E&P sector, highlighting a pivotal shift in the energy landscape. While the firm warned of dual headwinds for oil from massive oversupply and the potential resolution of the Russia-Ukraine conflict, it noted that natural gas has finally reached a long-awaited demand inflection point.

    Mizuho Upgrades EQT Corp. (EQT) Outlook Citing Long-Term Value Despite Market Headwinds

    EQT is positioning itself for the long-term global energy transition through strategic LNG offtake agreements. The company has secured contracts for 4.5 million tonnes per annum with partners like Sempra and NextDecade, set to commence in the 2030–2031 window. This strategy is designed to bypass a potential LNG oversupply cycle expected between 2027 and 2029, ensuring that EQT Corporation remains a relevant global player with a diverse direct-to-customer sales strategy.

    EQT Corporation (NYSE:EQT) produces, gathers, and transmits natural gas. It sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.

    While we acknowledge the potential of EQT 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.

    READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

    Disclosure: None. This article is originally published at Insider Monkey.

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  • Why Advanced Micro Devices Stock Popped 8% This Morning

    Why Advanced Micro Devices Stock Popped 8% This Morning

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    Shares of semiconductor company Advanced Micro Devices (NASDAQ: AMD) were up 8.2% as of 10:45 a.m. ET Tuesday — and it’s no great secret why.

    On Tuesday morning, not one, not two, but three analysts raised their price targets on AMD stock, citing decent performance in graphics processing units and a big boost to business as the artificial intelligence (AI) trend enters its “second wave.”

    Price targets nearly double

    AMD’s biggest vote of confidence came from analysts at British bank Barclays, who nearly doubled their share price target on the semiconductor stock from $120 to $200. Barclays named AMD as a beneficiary of this second wave of AI interest as more customers jump on the bandwagon and begin looking for more suppliers of AI chips.

    In AMD’s case, that mainly refers to its MI300X line of accelerator chips. Analysts at KeyBank were just behind Barclays in their enthusiasm for AI, setting a $195 price target and predicting we’ll see a “meaningful inflection in demand” for AMD’s new AI chip this year, according to TheFly.com. And as MI300 sales ramp up, KeyBank forecasts $8 billion in GPU sales for AMD this year.

    Rounding out the list, Susquehanna Research reports that GPUs are selling “around MSRP,” which suggests at least decent demand for GPUs used to facilitate AI functions.

    Caveats and provisos

    Not all the news is great. In its report, Susquehanna injected notes of caution regarding weaker segments of the semiconductor universe. Buyers of automotive and industrial semiconductor chips are still flooded with inventory, it seems, and are engaged in a period of “destocking” as they work through their inventories. That won’t be great for pricing. Demand for PC chips is still “bouncing along the bottom,” too, it asserts. Cellphone chip demand seems more or less flat, with weakness evident in China — primarily affecting Apple‘s suppliers.

    All this notwithstanding, it’s the AI story that is resonating with investors on Tuesday. If AMD books $8 billion in GPU sales this year as KeyBank predicts, that would be a huge boost to its business, which booked barely $22 billion in revenues over the last 12 months across all of its product lines. While AMD stock looks admittedly pricey at more than 1,100 times trailing earnings right now, a big boom in AI chip demand, undergirded by strong pricing in these chips, has analysts forecasting AMD will earn enough this year to drive its price-to-earnings ratio down to just 39.

    AMD investors are betting that price will look cheap a year from now — and are buying the rumor in hopes of profiting from the news.

    Should you invest $1,000 in Advanced Micro Devices right now?

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    Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Apple. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.

    Why Advanced Micro Devices Stock Popped 8% This Morning was originally published by The Motley Fool

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