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Freedom Capital Downgrades Granite Ridge (GRNT) to Hold, Cuts PT to $7

Granite Ridge Resources, Inc. (NYSE:GRNT) is one of the cheap oil stocks under $10 to buy now. With two Hold ratings and no Buys or Sells, Granite Ridge Resources, Inc. (NYSE:GRNT) carries a consensus Hold and an average target of $5.75, roughly 6% above the current $5.42.

On November 13, Freedom Capital Markets shifted its rating on Granite Ridge Resources, Inc. from Buy to Hold. The firm also cut its price target on the shares from $7.80 to $7.00, citing the debt burden that Granite Ridge has accumulated as a result of relentless production expansion via asset acquisition.

Even with the downgrade and target cut, Freedom Capital values Granite Ridge’s “controlling non-op” model that lets it guide drilling plans with top partners like ExxonMobil. This model, noted the analysts, blends control and low-risk funding for steady returns. They also highlighted the company’s conservative leverage at 50% pre-debt spike, strong profitability with 8.38% net margins over the last year, and inventory life over 10 years in high-return basins.

A week earlier, on November 6, the company had reported its Q3 2025 results, where revenues climbed to $112.7 million, up nearly 20% compared to Q3 2024. The jump, management said, was propelled by a 27% year-over-year surge in average daily production to 32,100 barrels of oil equivalent per day (boepd). This surge was mainly from Permian Basin contributions where oil accounted for 77% of output. As a result, the company declared a quarterly cash dividend of $0.11 per share, payable in December 2025.

Granite Ridge Resources, Inc. (NYSE:GRNT) is an independent oil and natural gas company. It develops and operates production assets across multiple US basins. The company’s main products are crude oil and natural gas, generated through strategic partnerships with leading operators across these basins.

While we acknowledge the potential of Granite Ridge Resources, Inc. (NYSE:GRNT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRNT and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 9 Best EV Charging Stocks to Buy Now and 11 Best Falling Stocks to Buy According to Wall Street Analysts.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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