Bank of America Securities analyst Jean Ann Salisbury maintained a Buy rating on Venture Global, Inc. Class A (VG – Research Report) yesterday and set a price target of $12.00.
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Jean Ann Salisbury has given his Buy rating due to a combination of factors that highlight Venture Global, Inc.’s strong performance and potential for growth. The company reported first-quarter results that aligned with market expectations, showcasing impressive volume and EBITDA figures. Additionally, Venture Global achieved significant milestones, such as the Commercial Operations Date at Calcasieu Pass 1 and the Department of Energy Non-FTA approval at Calcasieu Pass 2, which reinforce its operational capabilities.
Furthermore, the company demonstrated resilience against tariff impacts and expanded its CP2 New Fortress SPA, indicating a strategic focus on securing long-term contracts. Despite conservative volume guidance, there remains potential for upside in future quarters, as evidenced by the company’s ability to exceed capacity expectations. The updated EBITDA guidance, while slightly reduced, still aligns with market forecasts, and Venture Global’s rapid operational progress positions it favorably against competitors in the US LNG sector.
In another report released on May 2, RBC Capital also maintained a Buy rating on the stock with a $14.00 price target.