Barclays has revised its price target for DT Midstream (DTM, Financial), lowering it from $107 to $102. Despite the adjustment, the firm maintains an Equal Weight rating on the company's shares.
Amid considerable market fluctuations and macroeconomic uncertainties, DT Midstream is viewed as relatively shielded. This is attributed to its fee-based contracts and volume protection, which offer a degree of stability in turbulent times, according to the analyst's report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for DT Midstream Inc (DTM, Financial) is $105.49 with a high estimate of $115.00 and a low estimate of $90.40. The average target implies an upside of 17.15% from the current price of $90.05. More detailed estimate data can be found on the DT Midstream Inc (DTM) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, DT Midstream Inc's (DTM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DT Midstream Inc (DTM, Financial) in one year is $74.40, suggesting a downside of 17.38% from the current price of $90.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DT Midstream Inc (DTM) Summary page.
