ONEOK Inc. (NYSE:OKE) is one of the Best Cheap Stocks to Buy Right Now. From January 22 to 28, several firms updated their target prices on ONEOK. Jeremy Tonet at JPMorgan cut his target price on ONEOK to $84 (from $87) and downgraded the rating to “Neutral” (from “Overweight”), citing soft macroeconomic fundamentals. He also added that oil prices would likely need to rise before investor sentiment for this stock improves. Meanwhile, Robert Kad of Morgan Stanley also lowered their target price on ONEOK to $104 (from $107) but kept their “Overweight” rating. UBS also cut its target price to $103 (from $114) while keeping a “Buy” rating.
Oleksandr Kalinichenko / Shutterstock.com These target price adjustments followed ONEOK’s January 21 announcement that it will raise its quarterly dividend by ~4%, from $1.03 per share to $1.07 per share. On an annual basis, this comes out to $4.28 per share, implying a dividend yield of 4.81%. The company’s 2025 results will be released by 23 February 2026. Despite recent cuts to the target price, analysts remain favorable on the stock. According to CNN’s data, 14 of 24 analysts (~58%) covering OKE have a “Buy” rating, while 10 (~42%) have a “Hold.” The median target price is $83 (with a high of $108), implying an upside of 4.81% (41.14% if using the highest estimate). ONEOK Inc. (NYSE:OKE) is a natural gas player based in Tulsa, Oklahoma. The company gathers, processes, transports, and stores natural gas in North Dakota, Montana, Wyoming, Kansas, Oklahoma, Texas, and New Mexico. While we acknowledge the potential of ONEOK Inc. (NYSE:OKE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy. Disclosure: None. This article is originally published at Insider Monkey.
