UBS Raises ConocoPhillips Price Target to $124 Amid Bullish Sentiment

ConocoPhillips (COP) received a "Buy" rating with a raised price target of $124 from UBS analyst Josh Silverstein, a 6.90% increase. Historically, analysts have maintained their ratings while adjusting price targets, indicating optimism about the stock's future potential. The average one-year price target is $116.12, with a high of $137.00 and a low of $100.00, representing a 22.74% upside from the current price of $94.61. The average brokerage recommendation is 1.9, indicating "Outperform" status.

ConocoPhillips (COP) received a "Buy" rating with a raised price target of $124 from UBS analyst Josh Silverstein, marking a 6.90% increase. Historically, analysts have maintained their ratings while adjusting price targets, indicating optimism about the stock's future potential. The average one-year price target is $116.12, with a high of $137.00 and a low of $100.00, representing a 22.74% upside from the current price of $94.61. The average brokerage recommendation is 1.9, indicating "Outperform" status.

UBS Group raised its price target for ConocoPhillips to $115, while Piper Sandler increased COP’s target to $124. Bank of America trimmed its objective to $106 but maintained a "neutral" rating. With 17 "buy" ratings and two "holds," the stock retains a "Moderate Buy" consensus, averaging $120.84 as the 12-month target. Institutional ownership remains strong at 82.36%, reflecting confidence in the energy producer’s midstream operations and dividend sustainability [3].

ConocoPhillips reported its second-quarter earnings for 2025, surpassing expectations with earnings per share (EPS) of $1.42, compared to the forecasted $1.38. The company also exceeded revenue projections, achieving $15 billion against an anticipated $14.91 billion. This performance highlights ConocoPhillips’ ability to outperform analyst estimates. RBC Capital has maintained its Outperform rating for ConocoPhillips, setting a price target of $113.00. The firm cites an improvement in the company’s organic free cash flow as a key factor. Major project spending is expected to decrease in the third quarter of 2025, which should further enhance cash flow generation [2].

Institutional investors showed renewed interest in ConocoPhillips, with Cambiar Investors LLC adding $47.1 million in shares, marking its 15th largest position. The firm also announced a $0.78 per share quarterly dividend, translating to a 3.3% annualized yield payable on September 2. Executive activity added further momentum, with EVP Kirk L. Johnson purchasing 5,300 shares at $94.24 apiece, boosting his holdings by 57.44% to 14,527 shares [3].

ConocoPhillips' strong financial health is reflected in its EBITDA of $25.14 billion and moderate debt levels. The company’s position as "increasingly differentiated and somewhat underappreciated" among integrated oil companies is highlighted by its peer-leading 16.4% compound annual growth rate on free cash flow per share from 2025 to 2030. The company’s strong financial health is also reflected in its EBITDA of $25.14 billion and moderate debt levels [1].

References:
[1] https://www.morningstar.com/news/marketwatch/20250820195/targets-stock-plunges-as-ceo-announces-his-exit-the-new-boss-will-need-to-revive-sales
[2] https://www.investing.com/news/analyst-ratings/conocophillips-stock-price-target-raised-to-124-from-123-at-piper-sandler-93CH-4197462
[3] https://www.ainvest.com/news/conocophillips-slides-243rd-trading-volume-institutional-investors-boost-holdings-hike-dividend-bullish-analyst-outlook-2508/