BKV Corp. price target raised to $30 from $25 at KeyBanc

KeyBanc analyst Tim Rezvan raised the firm’s price target on BKV Corp. (BKV) to $30 from $25 and keeps an Overweight rating on the shares. The firm notes that the updated modeling reflects Q3 results and the addition of higher WI in the Power JV, starting in Q2 2026. KeyBanc continues to see upside in BKV shares, even in the absence of a potentially transformative PPA with a hyperscaler. Management reiterated expectations that discussions are on track, and the firm expects PPA news before year-end 2026.