Mizuho Raises Cheniere (LNG) Price Target, Cites Strong LNG Growth Outlook

Cheniere Energy, Inc. (NYSE:LNG) ranks among the 20 best fast growth stocks to invest in. On June 30, Mizuho maintained its Outperform rating on Cheniere Energy, Inc. (NYSE:LNG) and raised its price target from $254 to $268. According to the firm, Cheniere’s recent report, which showed excellent positioning for growth and capital returns across a range of market conditions while executing cost-efficient expansions within the US LNG space, resulted in enhanced conviction.

Beyond the anticipated final investment decision on Midscale Trains 8 and 9, Cheniere Energy, Inc. (NYSE:LNG) surprised to the upside in terms of its run-rate output outlook once expansion and debottlenecking works are finished, projecting roughly 60-63 million tonnes per annum (mtpa), according to Mizuho.

While the firm notes that Cheniere’s capital allocation outlook appears extremely conservative, it also believes the company has a clear path toward about 75 mtpa of production by fiscal year 2030, supported by high-quality contracts.

Cheniere Energy, Inc. (NYSE:LNG) is an American provider of liquefied natural gas storage and transportation services. The company operates through its subsidiaries, which include Cheniere Marketing, LLC and Cheniere Energy Partners, L.P.

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