Citigroup Forecasts Strong Price Appreciation for Linde (NASDAQ:LIN) Stock

Linde (NASDAQ:LIN) had its price target upped by analysts at Citigroup from $560.00 to $580.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup‘s price objective suggests a potential upside of 12.79% from the stock’s previous close.

A number of other equities research analysts have also commented on LIN. Deutsche Bank Aktiengesellschaft lowered their price target on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a report on Thursday, October 8th. Barclays upped their target price on shares of Linde from $577.00 to $591.00 and gave the stock an “overweight” rating in a research note on Friday. Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Finally, UBS Group dropped their price target on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $550.14.

Linde Stock Up 2.2%

NASDAQ LIN traded up $11.09 during mid-day trading on Friday, hitting $514.24. The company’s stock had a trading volume of 3,116,791 shares, compared to its average volume of 2,312,641. The firm has a market capitalization of $237.05 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.96 and a beta of 0.71. The company’s 50 day simple moving average is $482.87 and its 200 day simple moving average is $492.00. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde has a twelve month low of $387.78 and a twelve month high of $548.20.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping the consensus estimate of $4.52 by $0.07. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the business posted $4.21 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Linde will post 17.86 earnings per share for the current year.

Institutional Investors Weigh In On Linde

Hedge funds have recently made changes to their positions in the business. MFG Investments LLC purchased a new position in Linde in the third quarter valued at about $854,000. Third View Private Wealth LLC increased its stake in shares of Linde by 2.6% during the 3rd quarter. Third View Private Wealth LLC now owns 8,677 shares of the basic materials company’s stock worth $4,119,000 after purchasing an additional 221 shares during the last quarter. Provenance Wealth Advisors LLC increased its stake in shares of Linde by 7,338.5% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 5,802 shares of the basic materials company’s stock worth $2,754,000 after purchasing an additional 5,724 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Linde during the 3rd quarter worth approximately $381,000. Finally, Putney Financial Group LLC bought a new stake in shares of Linde in the 3rd quarter worth approximately $36,000. 82.80% of the stock is currently owned by institutional investors.

Trending Headlines about Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $4.59, above the $4.52 consensus and up 9% year over year, while sales rose 9.3% to $9.40 billion, topping the $9.16 billion estimate. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Growth drivers remain intact: Higher pricing, volume growth in the Americas, strong electronics demand and AI-related semiconductor investment supported the quarter. Management also cited a $7.9 billion project backlog, providing visibility into future growth. LIN Q3 Earnings Call Highlights Restructuring and Growth Outlook
• Positive Sentiment: Analysts raised their valuation targets: Barclays lifted its target from $577 to $591 and maintained an “overweight” rating, while RBC raised its target from $549 to $568 and upgraded or maintained an “outperform” view. The revisions signal continued confidence in Linde’s earnings durability and growth prospects.
• Neutral Sentiment: Underlying performance was stronger than reported GAAP results: GAAP net income declined 12% because of purchase-accounting effects and restructuring-related items, but adjusted net income increased 7% to $2.12 billion. Linde plc Q3 2026 Earnings Call Summary
• Negative Sentiment: Restructuring and near-term uncertainty temper the outlook: Linde expects a $425 million restructuring charge and guided fourth-quarter EPS to $4.40–$4.50. Uneven industrial demand, margin pressure and an evaluation of options for Lincare could limit near-term upside.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.