Argus Raises BHP Group (BHP) Price Target to $95

Argus's price target increase signals a positive corporate outlook for BHP. Technical indicators also support this optimism: the RSI is at 56.7, in neutral territory but trending upward, while the MACD line is above the signal line and in positive territory. The price is trading above the 20- and 50-day moving averages, indicating strong short-term momentum. However, given the limited rise over the past 24 hours (+0.04%) and overall market conditions, excessive aggression is unwarranted. An upward move is expected in the short term, but a gradual rise is more likely than a sharp spike.