Analyst Reiterates Buy on Kodiak, Raises Price Target to $89 on Expanded Power Platform and EBITDA Upside
Complete. Here is the key summaryGoldman Sachs analyst John Mackay reiterated a Buy rating on Kodiak Gas Services (KGS), raising the price target from $88 to $89. The upgrade reflects confidence in KGS's expanding power platform, a new framework agreement with Baker Hughes increasing secured generation capacity, and resilient core compression business performance. These factors support higher EBITDA upside versus consensus and improved deployment assumptions through 2030.
John Mackay, an analyst from Goldman Sachs, maintained the Buy rating on Kodiak Gas Services, Inc.. The associated price target was raised to $89.00.
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John Mackay has given his Buy rating due to a combination of factors, including Kodiak’s expanding power platform and solid underlying operations. He highlights that the new framework agreement with Baker Hughes materially increases Kodiak’s secured generation capacity toward management’s long-term goal, and he raises his deployment assumptions through 2030 as a result.
He also points to resilient performance in the core compression business, with expected gains from higher horsepower additions and improved pricing supporting EBITDA upside versus consensus. With initial contributions from the acquired DPS power assets and stronger estimates, he modestly lifts his price target from $88 to $89 and reiterates a constructive view on the stock’s risk‑reward profile.
KGS’s price has also changed dramatically for the past six months – from $36.490 to $69.860, which is a 91.45% increase.