AM trades 12.3% below Wall Street's consensus target of $24.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes AM achieves its forward estimates and maintains a stable P/E multiple of 19.6x. This scenario reflects the blended consensus of 17 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Antero Midstream Corporation (AM) has a Wall Street consensus price target of $24.00, based on estimates from 17 covering analysts. With the stock currently trading at $21.38, this represents a potential upside of +12.3%. The company has a market capitalization of $10.15B.
Analyst price targets range from a low of $24.00 to a high of $24.00, representing a 0% spread in expectations. The median target of $24.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 4 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, AM trades at a trailing P/E of 24.9x and forward P/E of 19.6x. Analysts expect EPS to grow +30.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $19.14, with bear and bull scenarios of $12.06 and $25.22 respectively. Model confidence stands at 41/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 HESMHess Midstream LP | $8.0B | $38.78 | $35.50 | -8.5% | Hold | 13.2x | 9 |
 DKLDelek Logistics Partners, LP | $2.9B | $54.97 | $56.00 | +1.9% | Hold | 17.8x | 10 |
 WESWestern Midstream Partners, LP | $18.9B | $45.65 | $49.71 | +8.9% | Hold | 12.3x | 13 |
 TRGPTarga Resources Corp. | $60.7B | $283.01 | $315.15 | +11.4% | Buy | 25.1x | 34 |
 CTRACoterra Energy Inc. | $24.7B | $32.56 | $42.00 | +29.0% | Buy | 11.3x | 55 |
 DTDynatrace, Inc. | $17.1B | $58.51 | $56.65 | -3.2% | Buy | 29.5x | 35 |
 MPLXMPLX Lp | $59.7B | $58.81 | $63.80 | +8.5% | Buy | 13.7x | 28 |
 ARAntero Resources Corporation | $11.0B | $35.65 | $51.08 | +43.3% | Buy | 8.4x | 50 |
 EQTEQT Corporation | $31.9B | $51.08 | $70.33 | +37.7% | Buy | 12.6x | 45 |
 RRCRange Resources Corporation | $9.1B | $38.77 | $44.00 | +13.5% | Hold | 9.5x | 62 |
Quick answers to the most common questions about buying AM stock.
Antero Midstream Corporation (AM) has a consensus 12-month price target of $24, implying 12.3% upside from $21.38. The 17 analysts covering AM see moderate appreciation potential.
AM has a consensus rating of "Hold" based on 17 Wall Street analysts. The rating breakdown is leaning bearish, with 4 Sell/Strong Sell ratings. The consensus 12-month price target of $24 implies 12.3% upside from current levels.
With a forward P/E of 19.5967x, AM trades at a relatively low valuation. The consensus target of $24 implies 12.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $24 for AM, while the most conservative target is $24. The consensus of $24 represents the median expectation. Our quantitative valuation model projects a bull case target of $25 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
AM is well covered by analysts, with 17 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 11 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month AM stock forecast based on 17 Wall Street analysts shows a consensus price target of $24, with estimates ranging from $24 (bear case) to $24 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $19, with bear/bull scenarios of $12/$25.
Our quantitative valuation model calculates AM's fair value at $19 (base case), with a bear case of $12 and bull case of $25. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 41/100.
AM trades at a forward P/E ratio of 19.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on AM, with a "Hold" consensus rating and $24 price target (12.3% upside). 2 of 17 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
AM analyst price targets range from $24 to $24, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $24 consensus represents the middle ground. Our model's $12-$25 range provides an independent fundamental perspective.
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