Viper Energy (VNOM) Price Target Bumped by $5

Viper Energy, Inc. (NASDAQ:VNOM) is included among the 14 Best Energy Stocks to Buy According to Wall Street Analysts.

Viper Energy (VNOM) Price Target Bumped by $5

Viper Energy, Inc. (NASDAQ:VNOM) is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests, primarily in the Permian Basin.

On March 20, JPMorgan increased its price target on Viper Energy, Inc. (NASDAQ:VNOM) from $47 to $52, while keeping an ‘Overweight’ rating on the shares. The raised target reflects an upside potential of almost 10% from the current share price.

According to JPMorgan, the oil market fundamentals have ‘shifted on a dime’ following the war in the Middle East. The conflict has disrupted around a fifth of the global oil supply after Tehran closed down the Strait of Hormuz, ‘quickly evaporating’ the previous fears of a global supply glut in 2026. The analyst firm even stated that it wouldn’t be surprised if a $5-$10 per barrel geopolitical risk premium gets embedded into the oil price in the long run due to the conflict.

With a robust annual dividend yield of 4.65%, Viper Energy, Inc. (NASDAQ:VNOM) was also recently included in our list of the 13 Oil Stocks with Highest Dividends.

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

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