Goldman Sachs Sticks With 'Buy' on Cheniere Energy Amid Strong Earnings

Goldman Sachs analyst John Mackay has reaffirmed his 'Buy' rating on Cheniere Energy (LNG), setting a price target of $305.00. This recommendation comes after the company's latest earnings release for the quarter ending June 30, which showed revenue of $5.73 billion and net profit of $3.07 billion.

Mackay is a 5-star analyst with an average return of 20.7% and a 68.85% success rate, covering stocks in the Energy sector such as Oneok, Williams Co, and Energy Transfer.

Cheniere Energy has received strong backing from analysts, with a consensus 'Strong Buy' rating and a price target consensus of $319.88, indicating a potential upside of 15.13% from current levels. Scotiabank also maintains a 'Buy' rating on the stock with a $312.00 price target.