What Analysts Are Saying About ONEOK Stock
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for ONEOK (NYSE:OKE), showing a mix of bullish to bearish sentiments. The average 12-month price target has been raised to $80.25, indicating a 6.59% increase from the previous target. Analysts from firms like JP Morgan, Barclays, and Citigroup have raised their price targets, reflecting optimism about ONEOK's performance. The company has shown solid revenue growth of 4.03% as of December 31, 2023, but faces challenges with below-industry benchmarks in net margin, ROE, and ROA.
March 13, 2024 | 3:00 pm
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Analysts have a mixed but generally positive outlook on ONEOK, with an increased average price target of $80.25. The company has shown revenue growth but faces challenges in profitability and efficiency.
The increase in the average price target by analysts suggests a positive outlook on ONEOK's stock in the short term, despite some operational challenges. The company's solid revenue growth is a positive sign, but issues with net margin, ROE, and ROA could be concerning. However, the overall analyst sentiment and the upward revision of price targets indicate a likely positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100