Analyst Raises Comstock Resources (CRK) Price Target to $20

The share price of Comstock Resources, Inc. (NYSE:CRK) surged by 14.35% between January 16 and January 23, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Comstock Resources, Inc. (NYSE:CRK) is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas.

On January 23, Morgan Stanley slightly nudged up its price target on Comstock Resources, Inc. (NYSE:CRK) from $19 to $20, while keeping an ‘Equal Weight’ rating on the shares. Morgan Stanley marked its 2026-27 oil price forecasts as of January 7 in conjunction with its Q4 preview for E&P companies, oil majors, and Canadian oil producers. The firm expects Q4 operational updates to be ‘fairly clean’, but projects lighter cash flow from price realizations.

Comstock Resources, Inc. (NYSE:CRK) also received a lift from the recent rebound in natural gas prices. US natural gas futures rose by 70% over the last week, nearing a 3-year high they achieved in December 2025, as the market continued to brace for a historic winter storm.

Comstock Resources, Inc. (NYSE:CRK) posted gains of over 27% last year, putting it among the 11 Best Performing Energy Stocks in 2025.

While we acknowledge the potential of CRK 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.

READ NEXT: 10 Best Performing Utility Stocks in 2025 and 11 Best Energy Stocks to Buy for Dividends in 2026.

Disclosure: None.