Mizuho raises ONEOK stock price target to $89 on synergies

NodeGuardian · 2026-03-09T01:16:20+00:00

Mizuho raised its price target for ONEOK Inc to $89 while keeping a Neutral rating, citing synergies from acquisitions as a key earnings driver. Despite near-term uncertainties, ONEOK shares have performed well and announced a 4% dividend increase.

NodeGuardian

2026-03-09 01:16:20

Abstract generation in progress

Mizuho has increased its price target for ONEOK Inc (NYSE:OKE) to $89 from $82, while maintaining a Neutral rating, citing expected synergies from legacy acquisitions as a key earnings driver for 2026. The firm revised its adjusted EBITDA estimates for 2025-2027 and introduced forecasts for 2028 and 2029. Despite some near-term growth uncertainties, ONEOK shares have outperformed year-to-date, and the company recently announced a 4% increase in its quarterly dividend.

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