What Analysts Are Saying About ONEOK Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse ratings for ONEOK (NYSE:OKE) with a range from bullish to bearish over the last three months. The average 12-month price target for OKE has increased by 6.82% to $82.36. Recent analyst actions include upgrades and raised price targets by firms such as Wells Fargo, Stifel, and Morgan Stanley, reflecting a positive outlook on the company. Despite this, ONEOK faces challenges in revenue growth, net margin, ROE, and ROA, indicating potential hurdles in financial performance.
May 02, 2024 | 9:01 pm
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POSITIVE IMPACT
Analyst upgrades and increased price targets suggest a positive short-term outlook for ONEOK, despite underlying financial performance challenges.
The recent analyst upgrades and raised price targets for ONEOK reflect a positive sentiment that could influence investor perception and potentially drive short-term price movement upwards. However, the company's reported challenges in revenue growth, profitability, and asset utilization may temper long-term gains. The immediate impact is likely positive due to the analyst endorsements, but investors should remain cautious of the underlying financial health indicators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100