ProFrac Holding (ACDC) Assumed with ‘Underweight’ Rating by Analyst

ProFrac Holding Corp. (NASDAQ:ACDC) is simply a technology-focused vigor services institution operating successful the United States.

On December 15, Morgan Stanley assumed sum of ProFrac Holding Corp. (NASDAQ:ACDC) with an ‘Underweight’ standing and a terms people of $3.50, indicating a imaginable downside of implicit 11% from the existent stock price. According to the analyst, lipid and state services stocks person rallied from their lows aft a hard 2025, pushing valuations higher. However, the steadfast advised caution and warned that it is ‘too aboriginal to measurement in’, arsenic it expects North American onshore spending to stay choky owed to the uncertain lipid backdrop.

It is worthy noting that planetary crude lipid prices fell to their lowest levels since February 2021 this week, driven by anemic employment data, oversupply, and a imaginable bid woody betwixt Ukraine and Russia.

While we admit the imaginable of ACDC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.