ProFrac (NASDAQ:ACDC) Rating Increased to Hold at Wall Street Zen
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Wall Street Zen upgraded ProFrac (NASDAQ:ACDC) from a "sell" to a "hold" rating. Other analysts have also rated the stock, with Zacks upgrading it to "hold" and Morgan Stanley increasing the target price to $5.00. ProFrac's current price is $6.08, with a consensus rating of "Reduce" and a price target of $5.63. The company reported a quarterly loss of ($0.51) per share, missing estimates, but had revenue of $436.50 million. Institutional investors have significantly increased their stakes in ProFrac recently.
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