PAGP Shares Surge Past Analyst Target Price, Ratings Steady

PAGP shares surpass analyst target, signaling growth potential. Analysts split on future price expectations with targets ranging from $16 to $24.

Date: 15-01-2025

AI Rating: 6

Stock Performance Relative to Analyst Targets
Plains GP Holdings LP (PAGP) shares have recently crossed above the average analyst target price of $20.43, trading at $20.64. This crossing could trigger analyst reactions regarding either a downgrade in valuation or an increase in their targets.

There are currently 14 analysts contributing to the average price target, with some analysts estimating a target as low as $16.00 while others predict a high of $24.00. The varying targets indicate differing opinions among analysts about the company's future performance.

Currently, PAGP has maintained a rating breakdown that includes: 8 strong buy ratings, 5 hold ratings, and 2 strong sell ratings. The absence of any buy or sell ratings suggests a cautious approach from analysts, as they await to observe further company developments.

According to the average rating of 2.2 (where 1 is Strong Buy and 5 is Strong Sell), the overall sentiment leans towards a positive outlook, but the presence of sell ratings may indicate concerns about potential overvaluation.

Stocks: PAGP