Mizuho raises ONEOK stock price target to $101 on strong results
Mizuho raised its price target on ONEOK (OKE) to $101 from $95, citing strong Q3 2026 results. The company beat EBITDA estimates and raised full-year guidance. OKE's stock has a 32% YTD return, P/E of 14.4, and a 4.6% dividend yield. Jefferies also raised its price target to $97, maintaining a Hold rating.
How this was made
The 30-second read
Why it matters
Analyst upgrades and higher guidance suggest a short‑term bullish bias for the stock.
Market read
Earnings beat and guidance raise may attract momentum traders and value investors.
What to watch
Potential geopolitical volatility could pressure commodity prices and NGL demand.
Background
ONEOK is a U.S. midstream energy company that transports and processes natural gas liquids.
Ticker impact
ONEOK reported strong Q3 2026 results, beat estimates and raised full‑year adjusted EBITDA guidance, prompting analyst price‑target upgrades.
likely upward pressure as higher price targets and raised guidance are priced in
Mizuho and Jefferies raised price targets on better‑than‑expected earnings and guidance, indicating market may bid the stock higher.
Market effects
Strong results may lift the broader midstream energy sector.
U.S. energy stocks could see modest gains.
Limited to investors focused on U.S. energy infrastructure.
Counterpoint
The raised guidance may already be priced in; any further upside could be limited.
Key entities
- analystMizuho
Raised price target to $101, maintaining Neutral rating.
- analystJefferies
Raised price target to $97, maintaining Hold rating.
