S&P 500 Index Update: Interactive Brokers will be added to the S&P 500 Index on Thursday, replacing Walgreens Boots Alliance, which is going private in a deal with Sycamore Partners.
Stock Performance: Following the announcement, Interactive Brokers shares rose nearly 5% and have doubled over the past year, while Robinhood Markets shares saw a slight decline despite significant gains this year.
MidCap and SmallCap Changes: Talen Energy will replace Interactive Brokers in the S&P MidCap 400, with its stock benefiting from increased power demand; Kinetik Holdings will take over Pacific Premier Bancorp's spot in the S&P SmallCap 600.
Market Trends: The changes reflect ongoing trends in the market, including the impact of electrification and artificial intelligence on energy demand.
Wall Street analysts forecast KNTK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNTK is 47.80 USD with a low forecast of 40.00 USD and a high forecast of 60.00 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.
10 Analyst Rating
Wall Street analysts forecast KNTK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNTK is 47.80 USD with a low forecast of 40.00 USD and a high forecast of 60.00 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.
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.540
Low
40.00
Averages
47.80
High
60.00
Current: 37.540
Low
40.00
Averages
47.80
High
60.00
Raymond James
Market Perform -> Outperform
upgrade
$46
Al Analysis
2026-01-05
Reason
Raymond James
Price Target
$46
Al Analysis
2026-01-05
upgrade
Market Perform -> Outperform
Reason
Raymond James upgraded Kinetik Holdings to Outperform from Market Perform with a $46 price target. The firm adjusted ratings in the midstream supplier group heading into 2026. Midstream enters 2026 with momentum, but "constructive" share performances 2025 "means the real work now shifts to execution," the analyst tells investors in a research note. Raymond James believes investor focus is now centered on how individual companies translate macro tailwinds into realizable cash flow.
Jefferies
initiated
$41
2025-12-02
Reason
Jefferies
Price Target
$41
2025-12-02
initiated
Reason
Jefferies initiated coverage of Kinetik Holdings with a Buy rating and $41 price target. The company's growth prospects are "overly discounted" in the shares following a "disappointing" fiscal 2025, which is partially attributable to macro headwinds, the analyst tells investors in a research note. The firm expects annual adjusted EBITDA growth of 8% for Kinetik through 2030, among the highest in the midstream group.
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Citi
Buy
downgrade
$55 -> $46
2025-11-21
Reason
Citi
Price Target
$55 -> $46
2025-11-21
downgrade
Buy
Reason
Citi lowered the firm's price target on Kinetik Holdings to $46 from $55 and keeps a Buy rating on the shares. The firm cites Kinetik's lower 2025 exit rate and slower growth for the target cut. However, it believes the stock's recent pullback is overdone.
Goldman Sachs
Buy
downgrade
$46 -> $40
2025-11-17
Reason
Goldman Sachs
Price Target
$46 -> $40
2025-11-17
downgrade
Buy
Reason
Goldman Sachs lowered the firm's price target on Kinetik Holdings to $40 from $46 and keeps a Buy rating on the shares. The quarter came in soft again due to commodity margin pressure, reduced producer activity, and a slight delay at Kings Landing, prompting management to cut 2025 EBITDA guidance to $965M-1.005B and withdraw the prior 4Q25 run-rate target, the analyst tells investors in a research note. While results have been disappointing, expectations now appear reset, Goldman says.
About KNTK
Kinetik Holdings Inc. is an integrated Permian-to-Gulf Coast midstream company operating in the Delaware Basin. It offers comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Its segments include Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment operates under three streams: gas gathering and processing, crude oil gathering, stabilization and storage services, and produced water gathering and disposal. The Midstream Logistics segment provides gas gathering and processing services with over 3,900 miles of low and high-pressure steel pipeline located throughout the Delaware Basin, including over 2,300 miles of gas pipeline. The Pipeline Transportation segment consists of equity investment interests in three Permian Basin pipelines that access various points along the United States Gulf Coast, Kinetik NGL Pipeline and Delaware Link Pipeline.
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.
