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ProFrac Holding Corp has a consensus price target of $10.67 based on the ratings of 7 analysts. The high is $18 issued by Morgan Stanley on July 17, 2023. The low is $6.5 issued by Morgan Stanley on October 17, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Stifel, and Stifel on October 17, 2024, October 11, 2024, and August 12, 2024, respectively. With an average price target of $6.83 between Morgan Stanley, Stifel, and Stifel, there's an implied -4.43% downside for ProFrac Holding Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for ProFrac Holding (NASDAQ:ACDC) was reported by Morgan Stanley on October 17, 2024. The analyst firm set a price target for $6.50 expecting ACDC to fall to within 12 months (a possible -9.09% downside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for ProFrac Holding (NASDAQ:ACDC) was provided by Morgan Stanley, and ProFrac Holding downgraded their underweight rating.
There is no last upgrade for ProFrac Holding
The last downgrade for ProFrac Holding Corp happened on October 17, 2024 when Morgan Stanley changed their price target from $7 to $6.5 for ProFrac Holding Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ProFrac Holding, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for ProFrac Holding was filed on October 17, 2024 so you should expect the next rating to be made available sometime around October 17, 2025.
While ratings are subjective and will change, the latest ProFrac Holding (ACDC) rating was a downgraded with a price target of $7.00 to $6.50. The current price ProFrac Holding (ACDC) is trading at is $7.15, which is out of the analyst’s predicted range.
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