JPMorgan Chase & Co. Initiates Coverage on Fervo Energy (NASDAQ:FRVO)

Analysts at JPMorgan Chase & Co. began coverage on shares of Fervo Energy (NASDAQ:FRVO) in a report issued on Monday. The firm set an “overweight” rating and a $47.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 26.28% from the stock’s current price.

FRVO has been the topic of several other research reports. Robert W. Baird started coverage on Fervo Energy in a research note on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. Barclays started coverage on Fervo Energy in a report on Monday. They issued an “overweight” rating and a $47.00 price target for the company. Guggenheim initiated coverage on Fervo Energy in a report on Sunday. They set a “buy” rating and a $48.00 price objective on the stock. Sanford C. Bernstein initiated coverage on Fervo Energy in a research report on Monday. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, Jefferies Financial Group started coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.80.

Fervo Energy Stock Performance

FRVO opened at $37.22 on Monday. Fervo Energy has a twelve month low of $34.27 and a twelve month high of $42.65.