Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

04. Antero Resources Corporation (NYSE:AR)

Upside Potential: 24%

The Goldman Sachs Group decided on August 23 to increase its target for Antero Resources Corporation (NYSE:AR), a company in the energy sector. The updated target price has been raised from $28 to $32, indicating the potential for an upward shift in the target valuation. The “Buy” rating for the stock remains unchanged. This adjustment in the target price signifies that The Goldman Sachs Group anticipates the potential for Antero Resources Corporation (NYSE:AR) stock to reach $32 within a specified period. The “Buy” rating continues to reflect The Goldman Sachs Group’s positive view on the company’s performance, indicating that they consider it a favorable investment choice.

Carillon Eagle Mid Cap Growth Fund made the following comment about Antero Resources Corporation (NYSE:AR) in its Q1 2023 investor letter:

“Antero Resources Corporation (NYSE:AR) is a natural gas exploration and production company with operations in the Appalachian Basin. Overall natural gas storage inventories recently have reached slightly elevated levels, due largely to the milder than average winter experienced across the globe. This dynamic has weighed on benchmark natural gas prices, and in turn has pressured Antero’s stock. Despite these current headwinds, we believe the company’s relatively low-cost operations, strong balance sheet, positive recent productivity trends, and ability to price its production at a premium to benchmark prices should position it well to weather the current choppy environment until the country’s liquified natural gas export capacity increases over the next several years.”