Chevron, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Manav Gupta from UBS maintained a Buy rating on the stock and has a $212.00 price target.
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Manav Gupta has given his Buy rating due to a combination of factors tied to Chevron’s entry into large-scale power generation for AI data centers and the attractive economics of its chosen technology. By partnering with Microsoft and Engine No. 1 on a sizable off-grid, natural gas–fired complex in West Texas, Chevron is positioned to capture growing power demand from AI while leveraging a multi‑year, exclusive development framework.
In addition, Chevron’s early move to secure highly efficient combined-cycle gas turbines at older, lower cost levels should enhance returns versus peers that must build at today’s higher prices. The superior fuel efficiency and baseload suitability of these units, combined with sizable projected fuel savings and reduced need for overbuilding capacity, support robust project economics that underpin Gupta’s constructive view on Chevron’s long‑term value and justify the Buy recommendation.
According to TipRanks, Gupta is a 5-star analyst with an average return of 17.4% and a 70.13% success rate. Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Chevron, and Imperial Oil.