Jefferies Raises EQT Corp. (EQT) PT to $71, Cites Strong Q4 Earnings Outlook

EQT Corporation (NYSE:EQT) is one of the best large-cap value stocks to buy in 2026. On January 18, Jefferies analyst Lloyd Byrne raised the firm’s price target on EQT Corporation to $71 from $68 and kept a Buy rating on the shares as part of the firm’s broader Q4 2025 earnings preview. The firm now expects its Q4 EBITA to reach the upper end of its previous guidance.

However, on January 16, BofA reduced its price target on EQT Corporation to $74 from $84, with a Buy rating. Although natural gas sentiment has remained bullish for 18 months, the firm anticipates a growing risk of oversupply in 2027. This concern, along with lowered price forecasts, has led to an average 12% decrease in price objectives across the firm’s gas-levered E&P coverage.

Earlier on January 9, Bernstein increased its price target for EQT Corporation (NYSE:EQT) to $73 from $72 and maintained an Outperform rating on the stock. Entering 2026, the firm holds a balanced outlook for oil, anticipating short-term volatility followed by long-term strength.

EQT Corporation (NYSE:EQT) produces, gathers, and transmits natural gas. It sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.

While we acknowledge the potential of EQT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.