Mplx stock price technical traders highlight MPLX stock

Technical traders highlight MPLX stock price’s 14-day Relative Strength Index hovering near 61, suggesting room for further upside before overbought conditions. MPLX LP (NYSE:MPLX) owns and operates midstream energy infrastructure and logistics assets mainly in the U.S. MPLX operates through two segments: Crude Oil and Products Logistics, and Natural Gas and NGL Services. The word on The Street in general, suggests a Strong Buy analyst consensus rating for MPLX with a $58.63 average price target, implying a 17.28% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $57.00 price target. MPLX stock price has remained resilient despite crude oil volatility, hovering near the $41 mark, with analysts projecting potential upside toward $43–$44 over the next month if commodity spreads persist.