yahoo Press
Analysts Sees Long-Term Growth Prospects for Plains GP Holdings (PAGP), Raises Price Target
Images
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Plains GP Holdings, L.P. (NASDAQ:PAGP) is included among the 14 Best Infrastructure Stocks to Buy Now. Image by Alexsander-777 from Pixabay Plains GP Holdings, L.P. (NASDAQ:PAGP) owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. On April 10, Barclays raised its price target on Plains GP Holdings, L.P. (NASDAQ:PAGP) from $18 to $21, but kept its ‘Underweight’ rating on the shares. That said, the increased target still indicates a downside of over 12% from the current levels. The move comes as Barclays sees long-term growth prospects for Plains GP Holdings, L.P. (NASDAQ:PAGP), driven by the structurally higher crude prices amid the US-Iran conflict, as well as the increased production activity in the United States. Similarly, the analysts over at Truist and Morgan Stanley have also turned more bullish on Plains GP Holdings, L.P. (NASDAQ:PAGP) and recently raised their respective price targets on the stock (read more details here). In other news, Plains GP Holdings, L.P. (NASDAQ:PAGP) announced a quarterly dividend of $0.4175 per share on April 8. The dividend is payable on May 15 to all shareholders of record May 1, 2026. The stock currently has a strong annual dividend yield of 7.08%. While we acknowledge the potential of PAGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 15 Best American Energy Stocks to Buy According to Wall Street Analysts and 15 Best Blue Chip Stocks to Buy Now Disclosure: None. Follow Insider Monkey on Google News.
Comments
You must be logged in to comment.