Jean Ann Salisbury, an analyst from Bank of America Securities, maintained the Buy rating on Venture Global, Inc. Class A (VG – Research Report). The associated price target remains the same with $23.00.
Jean Ann Salisbury’s rating is based on Venture Global’s significant operational progress and potential for future growth. The company has exceeded expectations with the ramp-up of its Plaquemines project, which has already surpassed 12 MTPA, far ahead of the anticipated timeline. This operational efficiency suggests a potential 30% increase in volume once all systems are optimized, which could significantly enhance the company’s EBITDA estimates.
Additionally, Salisbury considers the macroeconomic factors and strategic decisions that could impact Venture Global’s financial outlook. The potential return of Russian gas flows to Europe poses a risk, but the company’s ability to hedge and manage forward sales could mitigate this. Furthermore, resolving ongoing arbitration issues would remove uncertainties and positively influence the stock. These factors collectively support the Buy rating, with a price objective of $23.00, reflecting confidence in the company’s strategic direction and market position.
In another report released on February 18, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $19.00 price target.