Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Stifel has reiterated its Buy rating on Plains GP Holdings, L.P (NASDAQ:PAGP) with a price target of $23.00, representing a potential 19% upside from the current price of $19.24.
The research firm’s analyst Selman Akyol maintained the positive outlook on the energy infrastructure company in a note issued Monday.
Plains GP Holdings is the general partner of Plains All American Pipeline, which owns and operates midstream energy infrastructure primarily focused on transporting crude oil and natural gas liquids.
The company’s assets include transportation pipelines, storage terminals, and gathering systems across major producing basins in the United States and Canada.
The $23.00 price target suggests potential upside from the stock’s current trading levels, though specific percentage gains were not detailed in the analyst note.
In other recent news, Plains GP Holdings reported its second-quarter 2025 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $0.15, significantly below the anticipated $0.33, representing a 54.55% negative surprise. Additionally, revenue was reported at $10.64 billion, missing the forecasted $12.87 billion by 17.33%. These figures highlight a notable shortfall in both earnings and revenue for the quarter. The earnings miss reflects challenges the company faced in meeting market expectations. This development has drawn attention from investors and analysts alike. The recent earnings report is a key focus for those monitoring the company’s financial performance.
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