Venture Global Receives Upgrade to Hold Rating

In a recent development, StockNews.com has upgraded shares of Venture Global (NYSE:VG) from a sell rating to a hold rating, according to a research note that was shared with investors on Wednesday.

In addition to StockNews.com's upgrade, several other brokerage firms have also expressed their views on Venture Global's stock. Guggenheim initiated coverage on the company in a research note that was published on Tuesday. They assigned a "buy" rating along with a price target of $27.00. Similarly, Citigroup began its coverage of Venture Global with a "neutral" rating and a price objective set at $18.00.

The Goldman Sachs Group also started coverage on Tuesday, providing a “buy” rating with a $29.00 price target. Another notable mention is Sanford C. Bernstein, which issued a “market perform” rating and a price objective of $20.00 in its coverage note from February 4th. Finally, Mizuho initiated coverage on the company, giving it an “outperform” rating and a target price of $25.00.

Combining these recommendations, five investment analysts have assigned a hold rating to the stock while seven have rated it as a buy. According to data from MarketBeat.com, Venture Global now holds a consensus rating of “Moderate Buy,” with an average target price of $21.91.

Venture Global's Stock Performance

The share price of Venture Global opened at $16.10 on Wednesday. Throughout the past year, the stock has experienced a range, hitting a 52-week low of $14.75 and a peak of $25.50.

About Venture Global

Venture Global has fundamentally redefined the landscape of liquefied natural gas (LNG) production and construction. The company operates as a rapidly growing entity that delivers essential LNG to global markets. Their innovative and disruptive strategies facilitate faster and more cost-effective access to LNG, ensuring efficiency in bringing their products to market.

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