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

04. Permian Resources Corporation (NYSE:PR)

Upside Potential: 37%

On September 5, Stifel Nicolaus upheld its current Permian Resources Corporation (NYSE:PR) evaluation. They maintained a “Buy” rating for the company’s stock. However, there’s a notable adjustment in their price target, which has been revised from $18.00 to a more optimistic range of $20.00, reflecting a significant 37% upside potential compared to its current market price, which is $14.60. In practical terms, the “Buy” rating suggests that Stifel Nicolaus anticipates Permian Resources Corporation (NYSE:PR) stock to outperform the market or other comparable investments. The updated price target of $20.00 indicates Stifel Nicolaus’s belief that Permian Resources Corporation (NYSE:PR) stock has the potential to reach this value within a specified timeframe. This upward adjustment in the price target underscores Stifel Nicolaus’s positive outlook on Permian Resources Corporation (NYSE:PR) growth prospects while maintaining a bullish stance on the stock.