Goldman Sachs raised its price target for Kodiak Gas Services Inc (NYSE:KGS) to $88 from $69, maintaining a Buy rating.
The company's first-quarter 2026 earnings beat Goldman Sachs estimates by 1% and consensus by 2%, driven by stronger compression margins. The stock has delivered a 116% gain over the past year.
Kodiak plans to grow its power business to about 2 gigawatts by 2030. It acquired ~400 megawatts through DPS in April and ordered ~260 megawatts this quarter, with the remaining 1.3 gigawatts expected online from 2027.
The company completed a $750 million equity raise, de-risking funding. Shares trade at $74.23, near the 52-week high of $76.68.
