Morgan Stanley Maintains Underweight on ProFrac Holding, Lowers Price Target to $4.5
Morgan Stanley analyst Joe Laetsch maintains ProFrac Holding (NASDAQ:ACDC) with a Underweight and lowers the price target from $5 to $4.5.
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8-K filing — ProFrac Holding Corp. (ACDC)
Filed: 2026-07-06 AccNo: 0001104659-26-080566 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 1.02: Termination of a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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ProFrac Holding shares are trading lower after the company reported worse-than-expected Q2 sales results.
ProFrac Holding Q2 Sales $498.100M Miss $498.760M Estimate
ProFrac Holding (NASDAQ:ACDC) reported quarterly sales of $498.100 million which missed the analyst consensus estimate of $498.760 million by 0.13 percent. This is a 0.76 percent decrease over sales of $501.900 million