Chevron Corp (NYSE:CVX) is one of the 12 Best Dow Stocks to Invest In Right Now.
Chevron Corp (NYSE:CVX) is one of the best Dow stocks to invest in right now
On July 2, Biraj Borkhataria from RBC Capital reiterated a Buy rating on the stock. The firm also assigned a target price of $220. The price target reflects a further 30% upside from current levels.
On a more bullish note, just days after announcing an agreement with Microsoft to power a massive West Texas data center for 20 years, the company plans to explore additional data center deals across the US. The company plans to use its natural gas resources and experience in building large energy projects. This is aimed at supporting the growing electricity demand from Big Tech, driven mainly by AI and data centers.