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Investing.com - Bernstein SocGen Group raised its price target on Linde (NASDAQ:LIN), a $219 billion industrial gases giant, to $518.00 from $517.00 while maintaining an Outperform rating. The stock, currently trading at $468.16, has gained over 10% year-to-date.
The firm cited Linde’s continued streak of earnings beats, which now stands at 26 consecutive quarters following the company’s second-quarter 2025 results. InvestingPro data shows the company maintains a "GOOD" overall financial health score, with analyst price targets ranging from $381 to $576.
Bernstein described Linde as "the premier industrial gas business with unrivalled execution" and expressed confidence that the company will recover strongly when volumes return.
The analysts made minor revisions to their estimates, raising their 2025 EPS forecast by 1% based on the Q2 beat while reducing their 2026 estimates by 4 cents.
The new price target is based on an unchanged 30x P/E multiple, with Bernstein reaffirming its thesis that Linde offers "masterful execution, more margin improvement and potentially accelerating growth."
In other recent news, Linde has made significant strides with the commissioning of one of the world’s largest helium storage caverns in Beaumont, Texas. This facility, boasting a capacity exceeding three billion cubic feet, aims to enhance the reliability of helium supply by balancing natural supply and demand cycles. Additionally, Linde’s Board of Directors declared a quarterly dividend of $1.50 per share, payable on September 18, 2025, to shareholders of record on September 4, 2025. Analysts from Bernstein SocGen Group have reiterated an Outperform rating for Linde, expecting the company to achieve its 26th consecutive earnings per share beat in the upcoming second-quarter 2025 results. Linde is also planning to expand its industrial gas facilities in Florida and Texas to support the space sector, with new supply agreements in place for liquid oxygen and nitrogen. The expansion in Mims, Florida, is projected to be operational by the first quarter of 2027. In a separate development, Citi upgraded Linde’s stock rating from Neutral to Buy, raising its price target to $535.00, citing strong execution and favorable foreign exchange rates.
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