Why Calumet Stock Is Soaring Today
Key Points
H.C. Wainwright raised its price target on Calumet stock today.
The company reported improved cash flow in 2025 compared to 2024.
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Maintaining the same momentum that drove a rise of more than 14% last week, Calumet (NASDAQ: CLMT) stock is continuing to fly higher today thanks to an analyst's bullish new stance.
As of 10:33 a.m. ET, shares of Calumet are up 10.9%.
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Volatility in the energy market will lead to upside for Calumet stock in one analyst's eyes
Maintaining a buy rating, Amit Dayal, an analyst at H.C. Wainwright boosted the price target on Calumet stock to $60 from $33. According to Thefly.com, Dayal based his new price target on the belief that Calumet and its renewable fuels business will benefit as energy market disruptions persist.
Based on shares of Calumet stock closing at $32.06 last Friday, Dayal's price target implies upside of more than 87%.
H.C. Wainwright isn't the only firm that has espoused a more optimistic outlook on Calumet stock recently. Earlier this month, TD Cowen lifted its price target to $25 from $19, and Goldman Sachs raised its price target to $34 from $24.
What's a materials investor to do now?
Instead of focusing on analysts' opinions on where Calumet stock is heading, prospective investors would be better served to place greater weight on the company's financial health -- a better basis for long-term investment than analysts' price targets.
In 2025, Calumet's cost-reduction initiative produced substantial results. The company's cash from operations improved dramatically, rising to $108.9 million in 2025 from negative $6.4 million in 2024. This, in addition to the company's strong renewable fuels business suggets that Calumet is a material stock that is well worth further investigation.
Should you buy stock in Calumet right now?
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Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy.
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