Barclays has adjusted its price target for Liberty Energy (LBRT, Financial), reducing it from $17 to $16. Despite this downward revision, the financial institution has maintained an Overweight rating on the stock.
This decision follows Liberty Energy's robust performance in the first quarter. Additionally, the company's guidance for the second quarter has surpassed market expectations, as noted by analysts in a recent research update.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Liberty Energy Inc (LBRT, Financial) is $16.54 with a high estimate of $25.00 and a low estimate of $11.00. The average target implies an upside of 43.34% from the current price of $11.54. More detailed estimate data can be found on the Liberty Energy Inc (LBRT) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Liberty Energy Inc's (LBRT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" 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 Liberty Energy Inc (LBRT, Financial) in one year is $18.47, suggesting a upside of 60.05% from the current price of $11.54. 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 Liberty Energy Inc (LBRT) Summary page.
