Fervo Energy Company (NASDAQ:FRVO) Receives $46.75 Average PT from Brokerages

Fervo Energy Company (NASDAQ:FRVO) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.6667.

A number of equities analysts recently weighed in on the company. Bank of America assumed coverage on Fervo Energy in a research report on Monday, June 8th. They issued a “neutral” rating and a $40.00 price target for the company. Guggenheim upgraded Fervo Energy to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Monday, June 8th. Jefferies Financial Group assumed coverage on Fervo Energy in a research report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target for the company. Royal Bank Of Canada assumed coverage on Fervo Energy in a research report on Monday, June 8th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Wolfe Research assumed coverage on Fervo Energy in a research report on Monday, June 8th. They issued a “peer perform” rating for the company.

Fervo Energy Stock Up 1.6%

NASDAQ:FRVO opened at $35.19 on Friday. Fervo Energy has a 1-year low of $32.39 and a 1-year high of $42.65.