Fervo Energy (NASDAQ:FRVO – Get Free Report) was upgraded by investment analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.
Other research analysts have also issued research reports about the stock. Barclays initiated coverage on shares of Fervo Energy in a research note on Monday, June 8th. They issued an “overweight” 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. Piper Sandler initiated coverage on shares of Fervo Energy in a research note on Sunday, June 7th. They issued an “overweight” rating and a $51.00 price target on the stock. Guggenheim upgraded shares of Fervo Energy to a “strong-buy” rating and set a $48.00 price target on the stock in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a research note on Saturday, May 16th. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Fervo Energy presently has an average rating of “Buy” and an average target price of $45.67.
Read Our Latest Analysis on FRVO
Fervo Energy Stock Up 7.6%
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