ONEOK, Inc. (NYSE:OKE) ranks among the undervalued infrastructure stocks to buy now.
The pipeline operator has drawn bullish notes from Wall Street, as analysts point to a stronger-than-expected first quarter and an improved 2026 outlook
On May 27, 2026, BofA raised its price target on ONEOK, Inc. (NYSE:OKE) to $96 from $94 and kept a “Buy” rating on the shares. The midstream group’s results came in broadly better than anticipated, the analyst said, with several names posting beats and raising guidance midpoints in a Q1 earnings recap. That view followed a May 13, 2026, note from Goldman Sachs, which raised its price target on ONEOK, Inc. (NYSE:OKE) to $88 from $85 while maintaining a “Neutral” rating.
The firm adjusted its estimates after ONEOK, Inc. (NYSE:OKE)’s first quarter topped expectations on optimization benefits and stronger Bakken results. ONEOK management had raised its 2026 EBITDA guidance by 2% to a range of $8.0 billion to $8.5 billion, and Goldman now forecasts $8.516 billion, above the $8.281 billion consensus. The firm also projects a 3% compound annual growth rate in EBITDA from 2025 through 2030.