ProFrac Holding

ACDC · NASDAQ

$4.03−$0.04 (−0.98%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $4.07

ACDC analyst rating

SellConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform2
Sell0

12-month price target · 6 analysts

Average $5.65 (+40.2% upside)

Low: $4.55
Now: $4.03
High: $7.24

Upgrades and downgrades

The latest rating actions, newest first

ACDC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Aug 20, 2026	Maintains	Underweight	$5.00 → $4.50	73%
Piper Sandler	May 18, 2026	Maintains	Neutral	$5.00 → $6.00	46%
Morgan Stanley	Apr 15, 2026	Maintains	Underweight	$5.00 → $6.00	50%
Morgan Stanley	Mar 24, 2026	Maintains	Underweight	$4.00 → $5.00	50%

The case for and against

Updated Sep 11, 2024

Bull case

ProFrac Holding Corp is strategically positioned for growth, particularly in its proppant segment, which anticipates an increase in third-party contracts, highlighting a shift toward a more diversified revenue structure. The company's ability to generate strong earnings growth is supported by its extensive production capacity, with 52% of its 21 million tonnes per annum contracted for 2024, and an improved EBITDA per fleet, which rose to $15.6 million in the most recent quarter. Additionally, ProFrac's commitment to technological advancements aimed at reducing greenhouse gas emissions positions it favorably to assist upstream oil and gas companies in achieving their environmental, social, and governance (ESG) objectives.

Bear case

ProFrac Holding Corp experienced a significant decline in its financial performance during the fourth quarter of 2023, with pressure pumping revenue dropping 19.5% sequentially and 26.8% year-over-year. Adjusted EBITDA also reflected this downturn, falling 40.8% compared to the prior year, highlighting a challenging operational environment marked by reduced fleet activity and pricing pressures. Additionally, the company's commentary regarding its competitive stance raises concerns about potential negative implications for industry dynamics, particularly in the context of market share recovery among the dominant players.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.