Delek US Holdings (DK) Price Target Raised as Analyst Sees ‘Underappreciated Value’

Company Overview - Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics [2]. Price Target and Analyst Rating - Mizuho raised its price target on Delek US Holdings from $45 to $51, indicating a significant upside potential of over 72% from the current share price [2]. - Mizuho maintained its 'Outperform' rating on DK shares [2]. Financial Performance - Delek US Holdings has surpassed estimates in each of its three quarters so far in FY 2025 [5]. - The company recently raised its EBITDA guidance to $500-$520 million for the year [5]. - The share price of DK has soared by over 60% since the beginning of 2025 [5]. Market Context - The energy sector experienced a challenging year in 2025, primarily due to oversupply in gas storage and the oil market, which drove prices to a multi-year low [3]. - Mizuho recommends reallocating risk toward oil exploration and production (E&P) with a selective bias toward gas stocks, driven by high demand from rising LNG exports and record power demand [4].