Fervo Energy (NASDAQ:FRVO) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Fervo Energy (NASDAQ:FRVO) in a research note issued to investors on Monday. The brokerage set an “overweight” rating and a $47.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.28% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Bank of America started coverage on shares of Fervo Energy in a research note on Monday. They issued a “neutral” rating and a $40.00 target price for the company. Royal Bank Of Canada began coverage on shares of Fervo Energy in a research note on Sunday. They issued an “outperform” rating and a $46.00 price objective for the company. Sanford C. Bernstein assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Piper Sandler initiated coverage on shares of Fervo Energy in a research report on Sunday. They issued an “overweight” rating and a $51.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fervo Energy currently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Fervo Energy Stock Performance

Shares of NASDAQ:FRVO opened at $37.22 on Monday. Fervo Energy has a 12-month low of $34.27 and a 12-month high of $42.65.