Peabody Energy (BTU) Price Target Bumped to $34.50, ‘Neutral’ Rating Maintained

Peabody Energy Corporation (NYSE:BTU) is included among The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed.

Peabody Energy Corporation (NYSE:BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel.

On March 12, UBS slightly bumped its price target on Peabody Energy Corporation (NYSE:BTU) from $34 to $34.50, while keeping a ‘Neutral’ rating on the shares.

Peabody Energy Corporation (NYSE:BTU) has also received support from the sharp surge in global coal prices amid the tensions in the Middle East. The escalating US-Iran war has choked around a fifth of the global crude oil and LNG supply, significantly pushing up prices. As a result, many countries, especially in Asia, have been forced to consider replacing oil and gas with coal in their energy mix. As of the writing of this piece, coal prices are hovering at just over $137 per ton, up 16% since the end of February.

Following the recent uptick, the share price of Peabody Energy Corporation (NYSE:BTU) has jumped by over 14% since the beginning of 2026.

While we acknowledge the risk and potential of BTU 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 BTU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 12 Best Large Cap Energy Stocks to Buy Now

Disclosure: None. Follow Insider Monkey on Google News.