BofA Raises Price Target for ProFrac Holding (ACDC) Despite 'Underperform' Rating

Bank of America raised its price target for ProFrac Holding Corp. (NASDAQ: ACDC) to $4.75 from $4, while maintaining an 'Underperform' rating due to a projected 41% downside from current levels. The adjustment follows updated oilfield services models and Q1 earnings reports showing the company's EBITDA forecasts are above consensus for 2027 and 2028.

By Sultan Khalid Fri, May 22, 2026 at 2:26 AM GMT+3 1 min read · Yahoo Finance · May 21, 2026, 23:26 UTC

Tickers: $ACDC $BAC

Topics: oilfield services price target increase stock analysis

Read the full article at Yahoo Finance

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