Stifel analyst Stephen Gengaro lowered the firm’s price target on Liberty Energy (LBRT) to $22 from $23 and keeps a Buy rating on the shares after the company delivered better-than-expected Q1 results and gave what the firm says was “a more optimistic near-term outlook than we expected.” The firm is raising its 2025 EBITDA forecast, lowering its 2026 EBITDA forecast, and lowering its price target on the revised forecasts.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LBRT:
- Liberty Energy price target lowered to $13.50 from $16 at Citi
- Liberty Energy price target lowered to $16 from $17 at Barclays
- Liberty Energy price target raised to $13 from $10 at TD Cowen
- Cautious Optimism for Liberty Oilfield Services Amid Positive Q1 Results and Future Challenges
- Liberty Energy Reports Strong Q1 2025 Results