Barclays Raises ProPetro Price Target to $12

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ProPetro (NYSE:PUMP) had its price target raised by Barclays from $11 to $12 per share, with the investment bank maintaining an equal weight rating on the stock. Other analysts have also recently issued positive ratings and price target increases for ProPetro, citing the company's strong performance and growth potential in the oilfield services market.

Why it matters

The price target increase by Barclays and other positive analyst sentiment suggests that Wall Street sees further upside for ProPetro's stock. As an oilfield services provider, ProPetro's performance is closely tied to activity levels in the oil and gas industry, so the analyst upgrades indicate confidence in the company's ability to capitalize on improving market conditions.

The details

Barclays raised ProPetro's price target from $11 to $12 per share, while maintaining an equal weight rating on the stock. Other analysts have also recently issued positive ratings and price target increases for the company. Piper Sandler raised its price target from $16 to $17 and gave an 'overweight' rating, while JPMorgan Chase upgraded the stock to 'overweight' and increased the price target from $7 to $13.

• The Barclays price target increase was issued on Wednesday, February 28, 2026.
• In January 2026, Piper Sandler raised its price target for ProPetro.
• In December 2025, JPMorgan Chase upgraded ProPetro's rating and increased its price target.