ProFrac Holding (ACDC) Price Target Raised at BofA

ProFrac Holding Corp. (NASDAQ:ACDC) is included among the 10 Most Popular Small Cap Stocks to Buy.

ProFrac Holding (ACDC) Price Target Raised at BofA

ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.

On May 19, BofA bumped up its price target on ProFrac Holding Corp. (NASDAQ:ACDC) from $4 to $4.75, but kept its ‘Underperform’ rating on the shares. The target boost, which still reflects a downside of almost 41% from the current levels, comes as the analyst firm updated its oilfield services models for Q1 earnings and 10-Q reports. BofA noted that its forecasts for 2027 and 2028 EBITDA are on average 10% and 16% above consensus, respectively.

ProFrac Holding Corp. (NASDAQ:ACDC) reported a net loss of $81 million in its Q1 2026 report on May 7, up from a net loss of $141 million in the fourth quarter of 2025. However, the company’s EBITDA of $54 million was down by over 11% sequentially. According to ProFrac, the operational disruptions caused by the harsh winter storm earlier this year resulted in an estimated $9.3 million reduction to its consolidated adjusted EBITDA.

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