69/100BConocoPhillips stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for ConocoPhillips is 155.57, 12.9% above the current price of 137.78. Their targets range from 130.00 to 189.00.
Of the 19 firms that rated ConocoPhillips in the past 12 months, 13 rate it buy or strong buy, 5 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 130.00 to 189.00, with an average of 155.57.
| Buy | 13 | |
| Hold | 5 | |
| Sell | 1 |
12-month price target
| Highest target | 189.00 |
| Average target | 155.57 |
| Lowest target | 130.00 |
| Current price | 137.78 |
ConocoPhillips price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their ConocoPhillips price target and rating?
How analysts rate ConocoPhillips, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
13 of 19 firms rate it buy now, against 13 of 16 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
ConocoPhillips analyst upgrades, downgrades and price targets
The latest rating change came on 11 November 2026, when Freedom Broker downgraded ConocoPhillips from Buy to Hold. The most recent new target came from Goldman Sachs on 11 November 2026: 156.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 11 Nov 2026 | Goldman Sachs Neil Mehta | — | 157.00 → 156.00 | -0.6% | 137.10 |
| 11 Nov 2026 | New Street | — | 138.00 | — | 136.95 |
| 11 Nov 2026 | Freedom Broker | Downgraded · Buy → Hold | — | — | — |
| 5 Nov 2026 | Mizuho Securities Nitin Kumar | — | 146.00 → 149.00 | +2.1% | 140.63 |
| 2 Nov 2026 | Raymond James John Freeman | — | 168.00 → 170.00 | +1.2% | 154.03 |
| 20 Oct 2026 | Susquehanna Charles Minervino | Reiterated · Positive | 161.00 → 175.00 | +8.7% | 145.24 |
| 20 Oct 2026 | Goldman Sachs Neil Mehta | — | 157.00 | — | 145.24 |
| 15 Oct 2026 | Morgan Stanley | Reiterated · Overweight | 151.00 → 159.00 | +5.3% | 141.32 |
| 7 Oct 2026 | Truist Financial | Reiterated · Hold | 128.00 → 136.00 | +6.3% | 130.33 |
| 6 Oct 2026 | Jefferies Lloyd Byrne | — | 120.00 → 174.00 | +45.0% | 129.35 |
| 14 Sept 2026 | UBS | Reiterated · Buy | 153.00 → 169.00 | +10.5% | 137.35 |
| 24 Aug 2026 | Raymond James | — | 145.00 → 168.00 | +15.9% | 133.86 |
| 19 Aug 2026 | Morgan Stanley Devin McDermott | Reiterated · Overweight | 147.00 → 151.00 | +2.7% | 132.29 |
| 19 Aug 2026 | Argus Research Bill Selesky | Reiterated · Buy | 153.00 | — | 131.23 |
| 17 Aug 2026 | Barclays | Reiterated · Overweight | 155.00 → 150.00 | -3.2% | 126.78 |
| 12 Aug 2026 | UBS | Reiterated · Buy | 143.00 → 153.00 | +7.0% | 125.92 |
| 11 Aug 2026 | Susquehanna | Reiterated · Positive | 155.00 → 161.00 | +3.9% | 123.03 |
| 7 Aug 2026 | Morgan Stanley Devin McDermott | — | 146.00 → 147.00 | +0.7% | 117.52 |
| 7 Aug 2026 | Wells Fargo | Reiterated · Overweight | 183.00 → 189.00 | +3.3% | 116.76 |
| 21 Jul 2026 | Susquehanna | Reiterated · Positive | 115.00 → 155.00 | +34.8% | 116.50 |
| 8 Jul 2026 | UBS | Reiterated · Buy | 130.00 → 143.00 | +10.0% | 110.48 |
| 7 Jul 2026 | Mizuho Securities Nitin Kumar | Reiterated · Outperform | 150.00 → 146.00 | -2.7% | 103.58 |
| 29 Jun 2026 | Morgan Stanley | Reiterated · Overweight | 153.00 → 146.00 | -4.6% | 105.96 |
| 22 Jun 2026 | RBC Capital | — | 118.00 → 130.00 | +10.2% | 107.74 |
| 22 Jun 2026 | Roth Capital | Upgraded · Neutral → Buy | 112.00 → 130.00 | +16.1% | 107.74 |
| 27 May 2026 | Mizuho Securities | Reiterated · Outperform | 121.00 → 150.00 | +24.0% | 116.57 |
| 26 May 2026 | Barclays Betty Jiang | Reiterated · Overweight | 136.00 → 155.00 | +14.0% | 120.46 |
| 22 May 2026 | Morgan Stanley | Reiterated · Overweight | 149.00 → 153.00 | +2.7% | 120.51 |
| 1 May 2026 | Truist Financial | — | 127.00 → 128.00 | +0.8% | 122.74 |
| 1 May 2026 | Barclays | Reiterated · Overweight | 118.00 → 136.00 | +15.3% | 125.78 |
| 27 Apr 2026 | Raymond James | — | 145.00 | — | 121.13 |
| 9 Apr 2026 | Wells Fargo | Reiterated · Overweight | 133.00 → 183.00 | +37.6% | 123.47 |
| 8 Apr 2026 | Truist Financial | — | 127.00 | — | 125.22 |
| 27 Mar 2026 | Morgan Stanley Devin McDermott | Reiterated · Overweight | 108.00 → 149.00 | +38.0% | 133.80 |
| 24 Mar 2026 | Truist Securities | Downgraded · Buy → Hold | — | — | — |
| 17 Feb 2026 | Roth Capital | Downgraded · Buy → Neutral | — | — | — |
| 9 Feb 2026 | UBS | — | 120.00 → 130.00 | +8.3% | 107.86 |
| 6 Feb 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 117.00 → 133.00 | +13.7% | 107.49 |
| 6 Feb 2026 | BMO Capital | Reiterated · Outperform | 115.00 | — | 104.98 |
| 6 Feb 2026 | Piper Sandler | Reiterated · Overweight | 109.00 → 111.00 | +1.8% | 104.98 |
| 5 Feb 2026 | Roth Capital | — | 108.00 → 112.00 | +3.7% | 105.08 |
| 26 Jan 2026 | Susquehanna | Reiterated · Positive | 113.00 → 115.00 | +1.8% | 98.15 |
| 23 Jan 2026 | Morgan Stanley | Reiterated · Overweight | 122.00 → 108.00 | -11.5% | 98.76 |
| 20 Jan 2026 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 16 Jan 2026 | B of A Securities | Downgraded · Neutral → Underperform | — | — | — |
| 12 Jan 2026 | Wells Fargo | Upgraded · Equal Weight → Overweight | — | — | — |
| 8 Jan 2026 | Piper Sandler Ryan Todd | Reiterated · Overweight | 115.00 → 109.00 | -5.2% | 93.94 |
| 5 Jan 2026 | Bernstein | Reiterated · Outperform | 98.00 | — | 96.70 |
| 12 Dec 2025 | UBS | Reiterated · Buy | 120.00 | — | 96.38 |
| 12 Dec 2025 | Mizuho Securities | Reiterated · Outperform | 121.00 | — | 96.70 |
ConocoPhillips EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect ConocoPhillips's EPS to grow 16.8% a year until 2028.
Analysts expect ConocoPhillips's revenue to grow 4.9% a year until 2028. Over the last 5 years it grew 25.7% a year, and over the last 3 years it fell 9.1%.
Revenue
EPS
Does ConocoPhillips beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 7.6% off the result, either way, and their revenue estimate 4.1%, over the last 12 quarters.
- EPS beats
- 99 / 135
- Revenue beats
- 78 / 119
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +6.7%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 5 Nov 2026 | 3.05 | 3.27 | +7.2% | 18.59B | 20.06B | +7.9% |
| Q2 FY2026 | 6 Aug 2026 | 2.90 | 3.24 | +11.7% | 18.79B | 19.52B | +3.9% |
| Q1 FY2026 | 30 Apr 2026 | 1.72 | 1.89 | +9.9% | 15.62B | 16.05B | +2.8% |
| Q4 FY2025 | 5 Feb 2026 | 1.07 | 1.02 | -4.7% | 13.95B | 14.19B | +1.7% |
| Q3 FY2025 | 6 Nov 2025 | 1.41 | 1.61 | +14.2% | 14.61B | 15.03B | +2.9% |
| Q2 FY2025 | 7 Aug 2025 | 1.35 | 1.42 | +5.2% | 14.68B | 13.98B | -4.8% |
| Q1 FY2025 | 8 May 2025 | 2.05 | 2.09 | +2.0% | 16.33B | 16.46B | +0.8% |
| Q4 FY2024 | 6 Feb 2025 | 1.78 | 1.98 | +11.2% | 14.45B | 14.24B | -1.5% |
| Q3 FY2024 | 31 Oct 2024 | 1.64 | 1.78 | +8.5% | 13.97B | 13.60B | -2.6% |
| Q2 FY2024 | 1 Aug 2024 | 1.96 | 1.98 | +1.0% | 14.96B | 13.59B | -9.1% |
| Q1 FY2024 | 2 May 2024 | 2.04 | 2.03 | -0.5% | 14.96B | 13.85B | -7.4% |
| Q4 FY2023 | 8 Feb 2024 | 2.09 | 2.40 | +14.8% | 15.15B | 14.64B | -3.3% |
ConocoPhillips stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If ConocoPhillips's earnings grow at the 18.2% a year analysts expect to FY2028, then 15.0% a year, it would earn about 13.39 a share in FY2030. At the P/E it has traded at over the last five years (8.1 to 14.7) that is 108.10 to 197.13 a share, or 166.43 at its average P/E of 12.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 11.74 | 94.74 | 145.86 | 172.77 |
| FY2027 | 10.98 | 88.66 | 136.50 | 161.68 |
| FY2028 | 10.13 | 81.74 | 125.84 | 149.05 |
| FY2029 (extrapolated) | 11.65 | 94.00 | 144.72 | 171.41 |
| FY2030 (extrapolated) | 13.39 | 108.10 | 166.43 | 197.13 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (8.1, 12.4, 14.7).
Is ConocoPhillips stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
ConocoPhillips's P/E of 14.5 is above the middle of its 5-year range (6.5 to 27.8, median 12.3). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Growing 16.8% a year, ConocoPhillips earns a P/E of 16.8 at a PEG of 1 (at most 25): × the next twelve months' EPS of 11.09, a fair value of 186.62; the price, 137.78, is 26.2% below it. Its forward P/E, on the consensus for FY2026, is 11.7.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 12.6 and 21.0). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 14.47
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 12.30
- Five-year P/E range
- 6.5 – 27.8
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 11.74
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.80
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +12.9%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 64.525 | 127.9762Price 64.53185 | +98.3% | |
| 28.410 | 56.3234Price 28.4196 | +98.2% | |
| 153.725 | 297.58169Price 153.73471 | +93.6% | |
| 243.002 | 464.71205Price 243.00627 | +91.2% | |
| 160.085 | 305.52160Price 160.09396 | +90.8% | |
| 37.565 | 71.4258Price 37.57193 | +90.1% | |
| 160.240 | 300.28225Price 160.24375 | +87.4% |
Furthest below the fair value on each stock's page, updated every day.