On May 23, 2025, B of A Securities analyst Doug Leggate maintained a 'Buy' rating on Range Resources (RRC, Financial). The analyst has raised the price target for the stock from $45.00 to $47.00, indicating a 4.44% increase from the prior target.
Range Resources (RRC, Financial) continues to retain its 'Buy' rating from B of A Securities, reflecting confidence in the company's performance and future prospects. The adjustment in the price target suggests an optimistic outlook for RRC within the market.
The adjustment to the price target from $45.00 to $47.00 is accompanied by consistent analytical support, as indicated by the unchanged 'Buy' rating. Investors and market participants may view this as an indicative sign of Range Resources' growth potential.
As Range Resources (RRC, Financial) operates primarily on the NYSE, stakeholders are keenly observing these developments, as B of A Securities remains a significant voice within financial analysis circles, particularly with Doug Leggate's engagement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Range Resources Corp (RRC, Financial) is $41.23 with a high estimate of $49.00 and a low estimate of $22.55. The average target implies an upside of 4.33% from the current price of $39.52. More detailed estimate data can be found on the Range Resources Corp (RRC) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Range Resources Corp's (RRC, Financial) average brokerage recommendation is currently 2.5, 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 Range Resources Corp (RRC, Financial) in one year is $29.55, suggesting a downside of 25.23% from the current price of $39.52. 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 Range Resources Corp (RRC) Summary page.
