Barclays raised the firm’s price target on Liberty Energy (LBRT) to $23 from $17 and keeps an Equal Weight rating on the shares. The company announced another data center agreement and now expects 3GW deployed by 2029, the analyst tells investors in a research note. The firm believes the shares are fairly valued, however.
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 announces proposed $500M convertible senior note offering
- Liberty Energy price target raised to $28 from $23 at Stifel
- Liberty Energy upgraded to Overweight from Neutral at Piper Sandler
- Liberty Energy: Emerging Power Platform and Core Oilfield Services Upside Support Overweight Rating and Higher Price Target
- Liberty Oilfield Services Earnings Call: Power Pivot Tested
