On May 20, 2025, analyst Jesse Sobelson from D. Boral Capital confirmed the ongoing bullish sentiment towards PEDEVCO (PED, Financial) by maintaining a 'Buy' rating. The stock's current rating mirrors the previous assessment, reflecting consistent confidence in its performance potential.
The price target for PEDEVCO (PED, Financial) remains unchanged at $1.50 USD, as noted by Jesse Sobelson. This maintained target suggests expectations of stability and continued growth within the company's operational framework.
The reaffirmed guidance underscores ongoing strategic alignment and forecasted objectives for PEDEVCO (PED, Financial), aligning with anticipations of market performance in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for PEDEVCO Corp (PED, Financial) is $1.83 with a high estimate of $2.15 and a low estimate of $1.50. The average target implies an upside of 192.05% from the current price of $0.62. More detailed estimate data can be found on the PEDEVCO Corp (PED) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, PEDEVCO Corp's (PED, Financial) average brokerage recommendation is currently 2.0, 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 PEDEVCO Corp (PED, Financial) in one year is $1.10, suggesting a upside of 76.03% from the current price of $0.6249. 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 PEDEVCO Corp (PED) Summary page.
