JPMorgan Cuts ProFrac's Earnings Forecast On Lower Reinvestment And Industry Attrition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2025
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Source: Benzinga
Analyst Rating and Financial Performance: JP Morgan analyst Arun Jayaram maintained an Underweight rating on ProFrac Holding Corp. (ACDC) with a price target of $7, following the company's fourth-quarter sales of $454.7 million, which fell short of expectations, and a net loss of $105 million compared to a loss of $45.2 million in the previous year.
Future Projections: The analyst expects improvements in profitability as fleet utilization increases, although at a slower pace, and has revised the 2025-26 EBITDA forecasts down to $472 million and $588 million, respectively, while anticipating free cash flow generation of $78 million and $184 million for those years.
Analyst Views on PXJ
Wall Street analysts forecast PXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PXJ is USD with a low forecast of USD and a high forecast of 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.
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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.
