With Apple’s iPhone 16 launch today, Wall Street analysts are focusing on the tech giant’s potential for growth. Analysts also highlighted Cisco Systems and Kinetik Holdings, both with positive recent developments.
Results for: Kinetik Holdings
Barclays analyst Theresa Chen initiated coverage on Kinetik Holdings (KNTK) with an Equal Weight rating and $40 price target, highlighting the company’s strategic asset positioning in the Delaware Basin. Chen praised the company’s gathering and processing assets, noting the area’s consistent production growth and high gas-to-oil ratios. She also pointed to the cash stability provided by Kinetik’s fee-based G&P contracts and equity interests in pipelines.