Goldman Sachs raised the firm’s price target on Kinetik Holdings (KNTK) to $49 from $42 and keeps a Buy rating on the shares. The driver of headline outperformance in the quarter was admittedly low-quality, but it was still the first meaningful earnings beat vs. consensus in several quarters, the analyst tells investors in a research note. The firm adds its higher price target reflects a more positive long term growth and commodity outlook.
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Read More on KNTK:
- Kinetik Holdings price target raised to $51 from $46 at Citi
- Kinetik Holdings price target raised to $44 from $40 at Wells Fargo
- Kinetik Holdings price target raised to $49 from $43 at Jefferies
- Kinetik Holdings reports Q4 EPS $2.16 vs. 1c last year
- Kinetik Holdings sees 2026 adjusted EBITDA $950M-$1.05B