Stifel's analyst Stephen Gengaro has revised the price target for ProFrac Holding (ACDC, Financial), bringing it down to $6 from the previous $7. The firm maintains its Hold rating on the shares. This adjustment comes as part of Stifel's broader update to its earnings models for the oilfield services and equipment sector.
The update is motivated by an anticipation of slightly lesser activity in the first quarter than previously expected, coupled with a more cautious short-term outlook. As the Q1 earnings season approaches, these revisions reflect Stifel's strategic recalibration in response to current industry conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for ProFrac Holding Corp (ACDC, Financial) is $8.42 with a high estimate of $15.00 and a low estimate of $6.00. The average target implies an upside of 75.71% from the current price of $4.79. More detailed estimate data can be found on the ProFrac Holding Corp (ACDC) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, ProFrac Holding Corp's (ACDC, Financial) average brokerage recommendation is currently 3.3, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ProFrac Holding Corp (ACDC, Financial) in one year is $6.07, suggesting a upside of 26.72% from the current price of $4.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ProFrac Holding Corp (ACDC) Summary page.
