Wells Fargo lifts Crescent Energy price target to $20 after $4.2 bn Eagle Ford acquisition
Wells Fargo increased its price target for Crescent Energy to $20, up from $19, citing the company's purchase of Eagle Ford assets originally valued at about $4.2 billion, later adjusted to $3.85 billion after closing. The analyst said the deal adds scale, quality inventory and supports a path to deleveraging. In a separate note, Bloomberg reported that Bumble is in advanced talks to be taken private by Ithaca Holdings at a valuation near $1 billion, despite a decline in paying users and revenue.
Why it matters
The higher target implies analysts see further upside for Crescent Energy, potentially boosting investor demand. The rumored Bumble buyout could raise the company’s market value substantially above its current price, affecting shareholders and potential bidders.
Key facts
- 1Wells Fargo raised Crescent Energy’s price target to $20 from $19. tipranks.com
- 2Crescent Energy’s acquisition of Eagle Ford assets was initially valued at about $4.2 billion, and $3.85 billion after closing adjustments. investing.com
- 3Crescent Energy reported adjusted earnings of $1.30 per share on revenue of $1.39 billion for the second quarter. investing.com
- 4Bumble’s paying users fell more than 11% in 2025 to roughly 3.7 million and revenue declined nearly 10% to $965.7 million. tipranks.com
- 5Bloomberg said Bumble is in advanced talks to be taken private by Ithaca Holdings at a valuation of about $1 billion. tipranks.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.