Oke a strong buy?

Oneok (OKE) is a strong buy based on the following analysis:

1. Analyst Ratings and Price Targets: The consensus rating for OKE is "Strong Buy" with an average price target of $100.75, which is above the current trading price. This indicates that analysts believe the stock has significant upside potential.
2. Recent Price Target Increases: Several analysts, including Barclays and Scotiabank, have raised their price targets for OKE, indicating growing optimism about the stock's future performance.
3. Technical Indicators: The stock's RSI is at 84.25, which is considered to be in the overbought territory, suggesting that the stock may be due for a pullback. However, the MACD is positive at 2.33, and the KDJ is at 116.19, indicating strong momentum. The stock is also trading close to its resistance level of $108.78, which could be a sign of upward price pressure.

4. Fundamental Ratios: The stock's P/E ratio is at 27.85, which is relatively high, suggesting that the stock may be overvalued. However, the Price to Book Ratio is at 3.76, and the Price to Sales Ratio is at 3.19, indicating that the stock may be undervalued when compared to its book value and sales.

5. Recent M&A Activity: Oneok has recently completed a multibillion-dollar purchase, which could indicate growth potential and confidence from the company's management team.

In conclusion, while there are some concerns about the stock's valuation and technical indicators, the strong buy rating, price target increases, and recent M&A activity suggest that Oneok (OKE) is a strong buy. Investors should consider their risk tolerance and investment horizon before making investment decisions.