Wells Fargo Remains a Hold on Plains GP Holdings (PAGP)
Wells Fargo analyst Michael Blum maintained a Hold rating on Plains GP Holdings (PAGP – Research Report) on May 9 and set a price target of $19.00. The company's shares closed last Friday at $17.74.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Blum covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Genesis Energy, and Kinder Morgan. According to TipRanks, Blum has an average return of 9.1% and a 62.15% success rate on recommended stocks.
Plains GP Holdings has an analyst consensus of Moderate Sell, with a price target consensus of $20.00.
The company has a one-year high of $22.31 and a one-year low of $16.61. Currently, Plains GP Holdings has an average volume of 1.65M.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Reddit (RDDT) Stock Trades Up, Here Is Why
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 5.1% in the morning session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. After the initial pop the shares cooled down to $123.95, up 4.9% from previous close. Is now the time to buy Reddit? Access our full analysis report here, it's free. Reddit's shares are extremely volatile and have had 61 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 28 days ago when the stock dropped 5.1% after Wells Fargo downgraded the stock from Buy to Hold, raising concerns as Google prepares to fully integrate generative AI into its platform. The firm noted that recent disruptions in search-driven traffic appear more permanent, as more users turn to AI-powered search. Reddit is down 25.3% since the beginning of the year, and at $123.95 per share, it is trading 45% below its 52-week high of $225.23 from February 2025. Investors who bought $1,000 worth of Reddit's shares at the IPO in March 2024 would now be looking at an investment worth $2,457. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Reddit Stock Gains as Site Launches AI-Driven Tools for Advertisers
Reddit shares climbed Monday, after the online discussion forum said it had launched two AI-driven tools to help advertisers access conversations on its site. The company said it had launched Reddit Insights, which would deliver real-time data that would help marketers plan campaigns. Even with Monday's gains, Reddit shares have lost roughly one-quarter of their value so far this (RDDT) shares rose nearly 4% in recent trading Monday, after the online discussion forum said it launched two AI-driven tools to help advertisers access conversations on its site. The company said Monday that it launched Reddit Insights (Alpha), which offers real-time insights that can help marketers plan campaigns. 'Whether it's identifying emerging cultural insights, validating creative concepts, or monitoring brand health, Reddit Insights eliminates traditional barriers to social listening, offering precise data at scale,' the social media company said. It also unveiled 'Conversation Summary Add-ons (Alpha),' which inserts positive content from Reddit users 'directly below an advertiser's creative.' The launch of both tools comes about a month after Wells Fargo downgraded the stock amid concerns that Google's implementation of AI search features could hurt Reddit's ad revenue. Even with Monday's gains, Reddit shares have lost roughly one-quarter of their value so far this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Wells Fargo Hikes Fifth Third Bancorp (FITB) Price Target to $52
Fifth Third Bancorp (NASDAQ:FITB) is . On June 10, Wells Fargo analyst Whit Mayo reiterated the stock's 'Overweight' rating and hiked the price target to $52 from $48. RomarioIen/ The adjustment underscores growing confidence in the company's performance. It also aligns with previous evaluations that affirmed expectations of future growth. Fifth Third Bancorp continues to elicit strong interest in the market owing to its strategic position in the financial sector. Fifth Third Bancorp (NASDAQ:FITB) is a financial services company that provides a wide range of banking, lending, and investment products and services to individuals, businesses, and financial institutions. While we acknowledge the potential of FITB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
