Trading Nvidia earnings report? These are the entry and exit levels to watch for
Investing.com - JPMorgan raised its price target on Linde (NASDAQ:LIN) to $475 from $470 on Monday, while maintaining an Overweight rating on the industrial gas company’s stock. The $218.79 billion market cap company currently trades at $467.09, with InvestingPro data showing analyst targets ranging from $381 to $576.
The price target adjustment follows Linde’s recent earnings report, which JPMorgan described as showing "reasonably good shape" earnings dynamics, primarily driven by higher prices despite flat to declining volumes. This assessment aligns with Linde’s "GOOD" Financial Health score from InvestingPro, supported by robust EBITDA of $12.97 billion in the last twelve months.
JPMorgan noted that Linde’s consolidated prices increased 2% year-over-year and 1% sequentially in the most recent quarter, matching the exact pattern observed in the first quarter of fiscal year 2025.
The firm emphasized that price increases remain key to Linde’s earnings performance, with sequential price increases enabling year-over-year price growth over time.
JPMorgan also highlighted that Linde’s volume contracted by 1% in both recent quarters and has remained flat or lower for approximately three years.
In other recent news, Linde has reported its 26th consecutive quarter of earnings beats, maintaining a consistent record of surpassing earnings expectations. This performance has prompted Bernstein SocGen Group to raise its price target on Linde to $518 from $517, while reiterating an Outperform rating. Additionally, Linde has commissioned a major helium storage cavern in Beaumont, Texas, which is one of the largest globally, enhancing supply reliability for helium. The company also announced a quarterly dividend of $1.50 per share, payable on September 18, 2025, to shareholders of record as of September 4, 2025.
Linde is further expanding its industrial gas facilities in Florida and Texas to support space operations, with new long-term supply agreements in place. The expansion in Mims, Florida, aims to provide liquid oxygen and nitrogen for rocket launches, with operations expected to commence in the first quarter of 2027. These developments underscore Linde’s strategic initiatives to bolster its market presence and operational capabilities in critical sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.