YPF after the ruling: analysts maintain objective price, but foresee greater volatility in the actions

Since then, different private analyzes – both local as of the main investment banks of the United States – evaluated the potential impact of the measure. Despite judicial uncertainty, many emphasize that YPF continues to offer significant long -term opportunitieswhich is why it continues to be part of Portfolios. Waiting for the Confirmation of the appeal by the Governmentthe key question that investors are asked today is: Does this judicial setback represent a real risk for the company? Will you have an impact on your valuation?

From Jefferies they consider that, although the court order generated uncertainty, does not represent a structural obstacle for actions. They point out that the ruling is appealable – the government has already announced that it will go on that path – and that any transfer of actions would require the approval of Congresssomething unlikely in the short term.

Within that framework, the bank highlights that YPF is not part of the litigation and that the company continues to operate normally. “The ruling generates political pressure on the government, but it has Little real impact on the company”They conclude.

• Goldman Sachs: neutral and attentive to possible sales of shares

For Goldman Sachs, the main risk associated with the failure is that Litigation beneficiaries could choose to sell the market shareswhich could generate a bearish pressure on the price. They also point out that a change in share control, in the event that the Argentine government loses control of the company, could influence future corporate decisions.

The bank recalls that the Argentine government He already expressed his intention to appeal And maintain a position neutral About YPF, with a U $ 44.50 target. It is, of all analysis, the least optimistic.

• Bank of America (Bofa): They recommend buying, with TP of US $ 42

From Bofa they agree that the operational impact of the failure is limited. They reiterate their qualification of “buys” And the company’s progress stands out in its strategy: Sale of conventional assetsdevelopment of a Integrated LNG project and a more favorable macroeconomic environment.

In your vision, factors such as Inflation decelerationtax improvement and possible Elimination of exchange controls They could boost paper in the short term. His target price is US $ 42 per ADR.

• Citi: target price of US $ 48, but warn about structural risks

Citi, meanwhile, assigns a high -risk rating A YPF. Among the factors that could prevent action from reaching its U $ S48 targetthey list the country risk, exposure to oil prices, and majority state participation. However, they recognize that the action could exceed that level if better operational margins, greater economic growth or higher business volume in the market.

YPF: “How do you see” local analysts

Matías Cattaruzzi, Mr. Equity Analyst of Adcap Grupo Financierohe said in his analysis of the panorama that opens in the company from the adverse ruling, which “YPF remains a solid long -term company.” In that sense, he points out that his Downstream income stabilized and the process of disinversion of ripe conventional fields is almost complete. “This will allow him to fully focus on the development of Shale Oil and his future gas monetization strategy,” he said. While it does not rule out that uncertainty may affect the price of shares, Keep the TP at US $50 per ADR.

Along the same line, Damián Vlassich, Team Leader of IOL investment strategies Investments, He argued in a statement that the structural look on YPF as a company remains “positive and has not modified despite the ruling.” “We consider that growth projects are especially attractive and can mean significant growth for the income of the Argentine oil company,” he said.

Finally, Agustina Savoia, Gold Cocos Financial Advisor, He pointed out in the impact on the financial and patrimonial level in case the judicial situation is complicated, however he clarifies that this will not happen in the short term. “The ruling increases the legal uncertainty of YPF and will affect its evaluation mainly due to the legal and political risk, but does not imply today an operational brake or immediate change in the 2025 productive plan. But it forces to be attentive, especially if the litigation is prolonged or if execution measures on the assets advance,” he concluded.