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JP Morgan Trims Venture Global (VG) Price Target by $3
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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. Venture Global, Inc. (NYSE:VG) is included among the 14 Best Infrastructure Stocks to Buy Now. Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently one of the largest LNG exporters in the United States. On April 14, JPMorgan analyst Jeremy Tonet trimmed the firm’s price target on Venture Global, Inc. (NYSE:VG) from $19 to $16, while keeping a ‘Neutral’ rating on the shares. The lowered target, which still indicates an upside of almost 28% from the current levels, comes as the analyst firm updated the company’s model ahead of the upcoming Q1 report. While JP Morgan expects Venture Global, Inc. (NYSE:VG) to be weighed down by dislocations, it expects the high spot LNG prices to lift the company’s earnings this year. The Strait of Hormuz blockade has choked around 20% of the global LNG supply. Moreover, the Iranian attack on QatarEnergy forced it to halt LNG production last month, with the company warning that the outage could remove over 12 million mtpa of supply for up to five years. The supply disruptions have sent the spot LNG prices soaring, especially in Asia, where buyers are now looking for alternatives. Venture Global, Inc. (NYSE:VG) is targeting a consolidated EBITDA in the range of $5.2 billion to $5.8 billion for FY 2026. While we acknowledge the potential of VG 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.
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