Why EQT Corporation (EQT) Received Analyst Approval This Week?

We recently published a list of 10 Stocks That Received Analyst Approval This Week. In this article, we are going to take a look at where EQT Corporation (NYSE:EQT) stands against other stocks that received analyst approval this week.

The US market performance in the last week was quite bullish, with the S&P, DOW, and NASDAQ boasting weekly gains of 3.71%, 3.73%, and 3.84% respectively. The week marked the last full week of the outgoing Democratic government, with Donald Trump set to be sworn in early next week.

Just like the last time he became President, Donald Trump is set to make some drastic changes once he takes over. His energy policy and stance on crypto will continue to be of focus for most traders. During the outgoing week, a lot of companies received the backing of Wall Street analysts, among them quite a few energy and automobile companies.

We looked at a few of those companies that received a boost from analysts this week. To come up with the list of 10 stocks that received analyst approval this week, we only considered companies with a market cap of at least $1 billion.

A storage facility for natural gas, showing the vast reserves of this abundant energy source.

EQT Corporation (NYSE:EQT)

EQT Corporation is a natural gas producer in the U. S. and offers contractual pipeline capacity management and marketing services. Bernstein upgraded the company from Market Perform to Outperform with a target price of $73.

BTIG analyst Jonathan Krinsky believes the energy sector is becoming increasingly popular among investors. It is mainly due to the notable performance of the natural gas companies like EQT. Additionally, EQT was ranked the 12th best S&P 500 performer in the 1st half of Jan 2025.

The stock’s last 5 days of trading have returned 7.76%, showing the uptrend is continuing after the analyst upgrades. Donald Trump’s arrival into the White House next week should help the sector continue its gains in the next week too.

Overall, EQT ranks 6th on our list of received analyst approval this week. While we acknowledge the potential of EQT 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 timeframe. If you are looking for an AI stock that is as promising as EQT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.