Citi has revised its price target for Liberty Energy (LBRT, Financial), lowering it from $16 to $13.50 while maintaining a Neutral rating on the stock. The adjustment comes despite a robust performance by the company in the first quarter, which was bolstered by elevated utilization rates.
Liberty Energy's strong start to the year is underpinned by its high utilization, yet the outlook is tempered by anticipated increases in capital expenditures and potential challenges with working capital. This shift implies that the company's stock buyback activities may be put on hold as they navigate these financial dynamics.
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.
