Expro Group Stock Soars 11.76% on Wells Fargo's Bullish Rating

On May 27, 2025, Expro Group's stock surged by 11.76% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Wells Fargo has initiated coverage on Expro Group with an Overweight rating and a price target of $12.00. This move by Wells Fargo is seen as a bullish signal for the energy company, as the firm anticipates several positive catalysts in the near future. The rating reflects the firm's confidence in Expro Group's revenue generation capabilities, with 80% of its revenue coming from its core operations.

Analyst Roger Read from Wells Fargo has been particularly optimistic about Expro Group, initiating coverage with an Overweight rating. This positive outlook is based on the company's strong financial performance and its strategic position in the energy sector. The firm's decision to set a price target of $12.00 further underscores its bullish stance on the stock.