Goldman Sachs analyst Ati Modak raised the firm’s price target on Liberty Energy (LBRT) to $20 from $18 and keeps a Neutral rating on the shares. The services rally has raised investor concerns about stretched valuations, but activity is expected to remain largely flat in the U.S. with a modest international inflection into 2H26/2027, suggesting limited estimate changes overall, the analyst tells investors in a research note. The rally is driven by relative sector attractiveness, improving international confidence, and option value from Venezuela, the firm says.
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