Key Takeaways From ONEOK Analyst Ratings
Portfolio Pulse from Benzinga Insights
ONEOK (NYSE:OKE) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering views ranging from bullish to bearish. The recent updates show a positive trend in analyst sentiment, with several analysts raising their price targets. The average 12-month price target is now $81.42, up 6.88% from the previous $76.18, indicating a bullish outlook. Financial performance analysis reveals ONEOK's strong market presence and revenue growth, despite challenges in profitability and asset utilization.
April 16, 2024 | 1:00 pm
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ONEOK has seen a positive shift in analyst sentiment, with an increased average price target suggesting a bullish outlook. Financial indicators highlight strong revenue growth but point to areas of concern in profitability and asset utilization.
The positive shift in analyst sentiment, evidenced by raised price targets and a higher average price target, suggests a bullish short-term impact on ONEOK's stock price. However, investors should also consider the financial performance challenges in profitability and asset utilization.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100