| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 11/07/2023 | 48.51% | B of A Securities | → $9 | Initiates Coverage On | → Buy |
| 09/27/2023 | — | Stephens & Co. | Initiates Coverage On | → Overweight |
What is the target price for Granite Ridge Resources (GRNT)?
The latest price target for Granite Ridge Resources (NYSE: GRNT) was reported by B of A Securities on November 7, 2023. The analyst firm set a price target for $9.00 expecting GRNT to rise to within 12 months (a possible 48.51% upside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Granite Ridge Resources (GRNT)?
The latest analyst rating for Granite Ridge Resources (NYSE: GRNT) was provided by B of A Securities, and Granite Ridge Resources initiated their buy rating.
When is the next analyst rating going to be posted or updated for Granite Ridge Resources (GRNT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Granite Ridge Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Granite Ridge Resources was filed on November 7, 2023 so you should expect the next rating to be made available sometime around November 7, 2024.
Is the Analyst Rating Granite Ridge Resources (GRNT) correct?
While ratings are subjective and will change, the latest Granite Ridge Resources (GRNT) rating was a initiated with a price target of $0.00 to $9.00. The current price Granite Ridge Resources (GRNT) is trading at is $6.06, which is within the analyst's predicted range.