Mizuho Raises Price Target on Venture Global (VG), Citing LNG Growth and Technical Strength

Venture Global Inc. (NYSE:VG) ranks among the 20 best fast growth stocks to invest in. On June 30, Mizuho maintained its Outperform rating on Venture Global Inc. (NYSE:VG) and raised its price target on the company’s shares from $16 to $17.

The company’s thin float of about 3% of equity value and increased short interest, which sped up stock appreciation, were among the technical variables the firm credited with contributing to VG’s recent climb.

Mizuho Raises Price Target on Venture Global (VG), Citing LNG Growth and Technical Strength

Despite technical considerations, Mizuho pointed out that the stock’s performance following what it called a “overly punitive” March sell-off is supported by fundamental improvements, which allow investors time to appreciate the company’s growth potential.

Additionally, Mizuho cited Venture Global Inc. (NYSE:VG)’s more cautious approach to expansion, which includes the company’s decision to withdraw its Delta LNG application and its affirmation that it intends to finish brownfield expansions, especially at Plaquemines, before moving forward with CP3/Delta projects.

Venture Global Inc. (NYSE:VG) builds and designs LNG export projects to supply the world with inexpensive, clean energy. The company ranks as the second-biggest LNG exporter in the US.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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