BofA and BMO Raise Price Targets on Linde (LIN) Amid Hydrogen and Industrial Gas Growth Prospects

Linde plc (NASDAQ:LIN) ranks among the top hydrogen stocks to buy now. On May 5, BofA Securities raised its price objective for Linde plc (NASDAQ:LIN) to $532 from $525, while retaining a Buy rating. The firm raised its 2026 earnings projection by $0.02 per share to $17.88 per share, which remains lower than the first-quarter beat of $0.07 per share, with its second-half 2026 estimates falling slightly.

The main cause of the decreased expectation is a drive to commission a significant portion of the Woodside project by 2027. Linde plc (NASDAQ:LIN) is developing and operating a nearby hydrogen and nitrogen supply plant, which will provide low-carbon hydrogen to Woodside’s substantial blue ammonia production.

Meanwhile, BMO Capital boosted Linde plc (NASDAQ:LIN)’s price objective to $560 from an unspecified previous level while maintaining an Outperform rating on the company’s shares. The firm emphasized near-term pricing stability and solid growth in demand in the US refining, electronics, and manufacturing industries as significant drivers of the elevated target.

Linde plc (NASDAQ:LIN) is a global industrial gas and engineering firm. It designs and manufactures industrial gas production equipment. The company also provides gas production and processing services for olefin, natural gas, air separation, hydrogen, and synthesis gas plants, as well as other plants.

While we acknowledge the risk and potential of LIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LIN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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