10 Stocks with the Largest Fair Value Estimate Increases During Q2 Earnings
Morningstar analysts raised fair value estimates for 7.4% of covered US stocks by 10%+ during Q2 earnings, with energy and tech sectors seeing the highest increases. Notable stocks include ASML (up 46% to $2,050), Expand Energy (up 43% to $144), and Lam Research (up 41% to $310).
How this was made
The 30-second read
Why it matters
The upgrades suggest bullish outlooks for the highlighted companies, but actual price moves will depend on upcoming earnings releases and broader market conditions.
Market read
Analyst valuation upgrades may influence short‑term trading decisions for the listed stocks.
What to watch
Potential macro headwinds or valuation compression not fully accounted for.
Background
Morningstar analysts updated fair‑value estimates for 10 U.S. stocks after Q2 earnings, highlighting sector‑wide valuation lifts.
Ticker impact
Morningstar raised ASML fair value estimate by 46% to $2,050.
Potential price appreciation if market prices in higher valuation.
Significant fair‑value increase signals strong growth expectations.
Morningstar raised Expand Energy fair value estimate by 43% to $144.
Possible rally on upgraded valuation.
Analyst view ties valuation to higher Henry Hub price assumptions.
Morningstar raised Lam Research fair value estimate by 41% to $310.
Likely upward pressure on stock.
Robust Q2 results and aggressive growth guidance.
Morningstar raised Bloom Energy fair value estimate by 39% to $97.
Potential price gain as market digests upgrade.
Quarterly revenue up 166% and higher guidance.
Morningstar raised Fortinet fair value estimate by 32% to $143.
Likely upside as valuation reflects growth.
Quarterly sales up 26% and expanding product mix.
Morningstar raised BorgWarner fair value estimate by 29% to $62.
Potential modest rally.
Quarterly sales modestly up, margin improvement.
Morningstar raised Cisco Systems fair value estimate by 28% to $115.
Possible price appreciation ahead of earnings.
Analyst expects durable AI‑related growth.
Morningstar raised Range Resources fair value estimate by 28% to $46.
Potential upside if market follows analyst view.
Higher Henry Hub price drives estimate increase.
Market effects
Higher fair‑value upgrades across energy and tech may lift sector sentiment.
U.S. equities may see modest gains in related subsectors.
Limited to U.S. listed companies; broader impact minimal.
Counterpoint
Analyst upgrades could be premature if earnings miss expectations.
Key entities
- Research FirmMorningstar
Provider of the fair‑value estimate updates.
