On July 1, 2025, Goldman Sachs analyst Neil Mehta upgraded the stock rating for Ovintiv (OVV, Financial) from "Neutral" to "Buy." This rating change reflects increased confidence in the company's performance and growth prospects.
Alongside the rating upgrade, Goldman Sachs has also raised its price target for Ovintiv (OVV, Financial) from $47.00 to $51.00 USD. This adjustment represents a notable 8.51% increase from the prior price target, indicating a positive outlook for the stock's future valuation.
The New York Stock Exchange-listed company's performance and strategic efforts appear to have influenced this upward revision in both rating and price target by the respected financial institution.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Ovintiv Inc (OVV, Financial) is $52.19 with a high estimate of $61.00 and a low estimate of $41.00. The average target implies an upside of 36.55% from the current price of $38.22. More detailed estimate data can be found on the Ovintiv Inc (OVV) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Ovintiv Inc's (OVV, 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 Ovintiv Inc (OVV, Financial) in one year is $34.28, suggesting a downside of 10.31% from the current price of $38.22. 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 Ovintiv Inc (OVV) Summary page.
