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Wells Fargo Upgrades Venture Global, Raises Price Target to $21

The bank raised its target from $15, but Venture Global shares fell 1.7% in Tuesday trading.

An architectural model shows a data center campus with open ground / TokenPost.ai
An architectural model shows a data center campus with open ground / TokenPost.ai

Wells Fargo upgraded Venture Global to Overweight from Equal Weight and raised its price target to $21 from $15, reflecting confidence in the company’s AI data center strategy.

The bank’s view is that Venture Global could carry out at least 2 gigawatts of the strategy.

Venture Global shares fell 1.7% in Tuesday trading despite the upgrade.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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