We recently published a list of 10 Stocks That Analysts Think Will Go Up. In this article, we are going to take a look at where CNX Resources Corporation (NYSE:CNX) stands against other stocks that analysts think will go up.
The S&P 500 index touched an all-time high this week as Mark Zuckerberg’s company’s 20-day streak finally came to an end, adding $320 billion to the company’s market cap. The semiconductor stocks once again drove the broader market. However, as the rally cools down, the focus is shifting back to Donald Trump’s tariffs. Automobiles, pharmaceuticals, and semiconductor companies are expected to be hit in the next wave of tariffs which has forced investors to rethink their strategies.
As investors and analysts try to figure out where the market is headed, some companies are more likely to go up in share price than others. We looked through the recent analyst upgrades and shortlisted 10 companies that are likely to go up according to analysts. We also looked at the factors driving this analyst optimism.
To come up with the list of 10 stocks that analysts think will go up, we only considered stocks with a market cap of at least $1 billion that were upgraded this week.
A long line of heavy-duty trucks transporting natural gas across a rural highway.
CNX Resources Corporation (NYSE:CNX)
CNX Resources Corporation (NYSE:CNX) operates as an independent natural gas and midstream company that acquires, develops, produces, and explores natural gas properties. It operates through Coalbed Methane (CBM) and Shale segments. The company produces and supplies pipeline-quality natural gas mainly to wholesalers. Raymond James analysts upgraded the company from Underperform to Market Perform.
The analysts expect that the company will benefit from the positive industry trend, considering its optimistic natural gas outlook. Their main concern with CNX Resources (NYSE:CNX) is that its hedging approach may limit its upside potential in an improving natural gas market. However, he believes that the company will still reap benefits from the industry-wide growth if its strong natural gas outlook turns out to be true.
Though the company may show slower growth than its market competitors having greater exposure to natural gas, the analysts have upgraded the rating of the stock. They anticipate the company to perform in line with the overall market, supported by growing cash flows due to increasing natural gas prices.
Overall, CNX ranks 9th on our list of stocks that analysts think will go up. While we acknowledge the potential of CNX as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CNX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
