Jefferies Raises COP Price Target to $160
Watch: Monitor Q1 2026 earnings release and oil price movements around $110-$120 to confirm growth trajectory and geopolitical impact.
Full analysis
Jefferies lifted ConocoPhillips price target from $129 to $160 on April 12, signaling over 30% upside with Q1 production expected between 2.3 and 2.34 million barrels daily. Goldman Sachs includes COP on its Buy list for oil stocks with at least 20% potential upside amid elevated oil prices from Middle East tensions. COP shares traded down recently to $118.79 but maintain strong analyst and insider buying interest despite $126M insider sales earlier.
Rising production guidance, strong analyst upgrades, and elevated oil prices amid geopolitical tensions support bullish medium-term price potential for COP despite recent volatility.
Evidence
7 older signals
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