Antero Midstream price target raised to $23 from $18 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Antero Midstream (AM) to $23 from $18 and keeps a Neutral rating on the shares. Quarterly results were solid, while 2026 EBITDA guidance was slightly below prior estimates on an M&A-adjusted basis but largely in line with consensus at the midpoint, the analyst tells investors in a research note. Management’s shift to a growth strategy beginning in 2027+, contingent on supportive $3+/mmbtu Henry Hub pricing, along with portfolio updates, supports higher long-term volume and earnings forecasts, though valuation limits a more constructive stance on the stock, the firm says.