ETF Analysis: The iShares North American Natural Resources ETF (IGE) has an implied analyst target price of $56.17 per unit, indicating a potential upside of 17.68% from its current trading price of $47.73.
Notable Holdings: Key underlying holdings with significant upside potential include Viper Energy Inc (VNOM), IAMGold Corp (IAG), and OR Royalties Inc (OR), with expected price increases of 38.07%, 34.79%, and 33.78% respectively.
Market Sentiment: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with market realities.
Investor Research: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent developments in the companies and the industry.
Wall Street analysts forecast VNOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNOM is 51.08 USD with a low forecast of 38.00 USD and a high forecast of 64.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast VNOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNOM is 51.08 USD with a low forecast of 38.00 USD and a high forecast of 64.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 39.135
Low
38.00
Averages
51.08
High
64.00
Current: 39.135
Low
38.00
Averages
51.08
High
64.00
Barclays
Betty Jiang
Overweight
downgrade
$60 -> $54
2026-01-21
New
Reason
Barclays
Betty Jiang
Price Target
$60 -> $54
AI Analysis
2026-01-21
New
downgrade
Overweight
Reason
Barclays analyst Betty Jiang lowered the firm's price target on Viper Energy to $54 from $60 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of a Q4 preview. The upstream sector's cash return model "remains resilient" amid macro volatility, the analyst tells investors in a research note. Barclays see attractive opportunities in U.S. onshore. It tells investors to "tread carefully" through the near-term commodity uncertainty.
BofA
Buy
maintain
$43 -> $46
2026-01-16
Reason
BofA
Price Target
$43 -> $46
2026-01-16
maintain
Buy
Reason
BofA raised the firm's price target on Viper Energy to $46 from $43 and keeps a Buy rating on the shares. For 2026, the firm remains cautious on the oil backdrop and continues to favor companies with resilient portfolios and low breakevens that fully cover capex and dividends in this environment, the analyst tells investors.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for VNOM
Unlock Now
Mizuho
Outperform
maintain
$51 -> $52
2025-12-12
Reason
Mizuho
Price Target
$51 -> $52
2025-12-12
maintain
Outperform
Reason
Mizuho raised the firm's price target on Viper Energy to $52 from $51 and keeps an Outperform rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of its 2026 outlook. While sentiment for U.S. oil and gas names is negative on oil market oversupply and high gas storage, there is "underappreciated value" in the group, particularly in exploration and production on longer-term fundamentals that could start becoming realized in 2026, the analyst tells investors in a research note. Mizuho suggests a reallocation of risk toward oil E&Ps with a selective bias in gas stocks. It turned more neutral on refining.
JPMorgan
Overweight
maintain
$43 -> $41
2025-12-08
Reason
JPMorgan
Price Target
$43 -> $41
2025-12-08
maintain
Overweight
Reason
JPMorgan lowered the firm's price target on Viper Energy to $41 from $43 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the exploration and production space as part of its 2026 outlook. JPMorgan sees supply side risks for oil and liquids, but says the "long-awaited demand inflection for natural gas has finally arrived." The magnitude of the crude oil oversupply, plus a potential end to the Russia-Ukraine conflict in 2026, is a "double whammy" for lower oil prices, the analyst tells investors in a research note.
About VNOM
Viper Energy, Inc. owns, acquires and exploits oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. The Company owns approximately 85,700 net royalty acres in the Permian Basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
