Fervo Energy (NASDAQ:FRVO) Now Covered by Analysts at Sanford C. Bernstein

Research analysts at Sanford C. Bernstein began coverage on shares of Fervo Energy (NASDAQ:FRVO) in a note issued to investors on Wednesday,Benzinga reports. The firm set an “outperform” rating and a $47.00 price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 38.60% from the company’s current price.

A number of other analysts have also weighed in on FRVO. Guggenheim raised Fervo Energy to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Monday, June 8th. Wall Street Zen raised Fervo Energy to a “hold” rating in a research note on Saturday, May 16th. Roth Mkm assumed coverage on Fervo Energy in a research note on Thursday, June 11th. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler assumed coverage on Fervo Energy in a research note on Sunday, June 7th. They set an “overweight” rating and a $51.00 price objective for the company. Finally, UBS Group set a $45.00 price objective on Fervo Energy in a research note on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fervo Energy currently has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Fervo Energy Price Performance

NASDAQ:FRVO opened at $33.91 on Wednesday. Fervo Energy has a fifty-two week low of $32.39 and a fifty-two week high of $42.65.