Susquehanna, led by analyst Biju Perincheril, has taken a notable action on Permian Resources (PR, Financial) by maintaining its positive rating while raising its price target. The firm has increased the price target from $19.00 to $20.00. This adjustment signifies a 5.26% increase in the price target.
Permian Resources (PR, Financial), listed on the NYSE, continues to hold a positive outlook as indicated by Susquehanna's rating. The previous price target set by Susquehanna was $19.00, and the new target of $20.00 reflects growing confidence in the company's future performance.
The decision to maintain the positive rating alongside the revised price target highlights Susquehanna's ongoing confidence in Permian Resources (PR, Financial) amidst the evolving market conditions. Investors may view this upward price target adjustment as a promising indicator for the company's potential growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Permian Resources Corp (PR, Financial) is $18.26 with a high estimate of $23.00 and a low estimate of $14.00. The average target implies an upside of 35.63% from the current price of $13.47. More detailed estimate data can be found on the Permian Resources Corp (PR) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Permian Resources Corp's (PR, Financial) average brokerage recommendation is currently 1.8, 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 Permian Resources Corp (PR, Financial) in one year is $12.58, suggesting a downside of 6.57% from the current price of $13.465. 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 Permian Resources Corp (PR) Summary page.
