ProFrac Holding price target raised to $7 from $6 at Stifel

Stifel analyst Stephen Gengaro raised the firm’s price target on ProFrac Holding (ACDC) to $7 from $6 and keeps a Hold rating on the shares. Although activity is likely to rises off Q4 seasonal weakness, the firm believes frac pricing headwinds will limit the near-term earnings upside, the analyst tells investors. Looking into the second half and 2026, the combination of better gas prices and rising LNG export capacity will likely bolster ProFrac’s profitability, the analyst added.