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Goldman Sachs Believes Constellation Energy Corporation (CEG) Won’t Stop Here

In a report released today, Michael Lapides from Goldman Sachs maintained a Buy rating on Constellation Energy Corporation (CEGResearch Report), with a price target of $71.00. The company’s shares closed last Friday at $58.02, close to its 52-week high of $59.08.

According to TipRanks.com, Lapides is a 3-star analyst with an average return of 1.4% and a 53.2% success rate. Lapides covers the Utilities sector, focusing on stocks such as Consolidated Edison, WEC Energy Group, and Dominion Energy.

Currently, the analyst consensus on Constellation Energy Corporation is a Moderate Buy with an average price target of $57.64, implying a 2.3% upside from current levels. In a report issued on March 25, Barclays also maintained a Buy rating on the stock with a $56.00 price target.

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Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.

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