YPF Sociedad Anonima: Strategic Advancements and Macroeconomic Tailwinds Justify Buy Rating

Bank of America Securities analyst Leonardo Marcondes maintained a Buy rating on YPF Sociedad Anonima (YPF – Research Report) yesterday and set a price target of $42.00.

Leonardo Marcondes has given his Buy rating due to a combination of factors that highlight YPF Sociedad Anonima’s strategic advancements and favorable macroeconomic conditions. The company’s first-quarter 2025 EBITDA exceeded expectations, demonstrating strong operational performance, particularly in the upstream segment, which aligned closely with projections. This performance was bolstered by increased shale production and effective cost management, despite a decline in conventional output.
Moreover, YPF’s strategic restructuring, including the divestment of conventional assets and focus on the Vaca Muerta development, positions it well for future growth. The company’s ongoing projects, such as the LNG integrated project, are expected to provide further support for the stock. On a broader scale, macroeconomic improvements, including inflation easing and fiscal recovery, along with potential positive political developments, create a supportive environment for YPF’s stock, justifying the Buy rating.