On June 17, 2025, Comstock Resources (CRK, Financial) received an upgrade from "Peer Perform" to "Outperform" by Wolfe Research. The upgrade was announced by analyst Doug Leggate, reflecting a positive outlook on the company's performance.
In conjunction with the rating upgrade, Wolfe Research has set a new price target for Comstock Resources (CRK, Financial) at USD 34.00. This price target suggests a favorable potential for growth in the company's stock value. The previous price target was not disclosed, making this the initial valuation set by the analyst.
Investors will note the impact of this upgrade on Comstock Resources (CRK, Financial) as an indication of the company's promising prospects in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Comstock Resources Inc (CRK, Financial) is $20.36 with a high estimate of $27.00 and a low estimate of $12.00. The average target implies an downside of 25.07% from the current price of $27.17. More detailed estimate data can be found on the Comstock Resources Inc (CRK) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Comstock Resources Inc's (CRK, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" 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 Comstock Resources Inc (CRK, Financial) in one year is $10.98, suggesting a downside of 59.59% from the current price of $27.17. 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 Comstock Resources Inc (CRK) Summary page.
