Goldman Sachs lifts ConocoPhillips price target to $157 from $146
Goldman Sachs raised its target price for ConocoPhillips to $157, up from $146, and kept a Buy rating. The firm said higher commodity price estimates and larger valuation multiples drove the change. It also increased its price‑to‑earnings multiple to 13.5× from 13.0× and its EV‑to‑debt‑adjusted cash‑flow multiple to 7.5× from 7.0×. The bank revised its EPS forecasts for 2026‑2028 upward.
Why it matters
The higher target suggests Goldman Sachs expects further upside for the stock, which could influence investor sentiment and trading activity. The revised multiples and EPS forecasts indicate a more favorable valuation outlook for ConocoPhillips.
Key facts
- 1Goldman Sachs raised the ConocoPhillips price target to $157 from $146. marketscreener.com
- 2The bank maintained a Buy rating on the stock. investing.com
- 3The price‑to‑earnings multiple was increased to 13.5 times from 13.0 times. investing.com
- 4The enterprise‑value‑to‑debt‑adjusted cash‑flow multiple was increased to 7.5 times from 7.0 times. investing.com
- 5Goldman Sachs revised EPS estimates to $11.11 for 2026, $10.80 for 2027, and $10.57 for 2028. investing.com
- 6ConocoPhillips shares were trading at $145.24, near the 52‑week high of $146.69. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.