Bank of America started coverage on shares of Fervo Energy (NASDAQ:FRVO – Get Free Report) in a research note issued on Monday. The firm set a “neutral” rating and a $40.00 price target on the stock. Bank of America‘s price objective would suggest a potential upside of 7.47% from the stock’s previous close.
FRVO has been the subject of several other reports. Wolfe Research initiated coverage on shares of Fervo Energy in a report on Monday. They set a “peer perform” rating for the company. Robert W. Baird assumed coverage on shares of Fervo Energy in a research report on Monday. They set an “outperform” rating and a $47.00 price target on the stock. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. Royal Bank Of Canada assumed coverage on Fervo Energy in a report on Sunday. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, Piper Sandler assumed coverage on Fervo Energy in a research note on Sunday. They set an “overweight” rating and a $51.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.
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