73/100BPhillips 66 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 Phillips 66 is 290.50, 11.5% above the current price of 260.43. Their targets range from 216.00 to 346.00.
Of the 17 firms that rated Phillips 66 in the past 12 months, 8 rate it buy or strong buy, 8 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 216.00 to 346.00, with an average of 290.50.
| Buy | 8 | |
| Hold | 8 | |
| Sell | 1 |
12-month price target
| Highest target | 346.00 |
| Average target | 290.50 |
| Lowest target | 216.00 |
| Current price | 260.43 |
Phillips 66 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 Phillips 66 price target and rating?
How analysts rate Phillips 66, 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.
8 of 17 firms rate it buy now, against 7 of 18 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.
Phillips 66 analyst upgrades, downgrades and price targets
The latest rating change came on 30 October 2026, when Freedom Broker upgraded Phillips 66 from Sell to Hold. The most recent new target came from Wells Fargo on 29 October 2026: 346.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 30 Oct 2026 | Freedom Broker | Upgraded · Sell → Hold | — | — | — |
| 29 Oct 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 345.00 → 346.00 | +0.3% | 273.76 |
| 19 Oct 2026 | Raymond James | — | 300.00 → 335.00 | +11.7% | 293.81 |
| 14 Oct 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 335.00 → 345.00 | +3.0% | 292.73 |
| 11 Oct 2026 | Jefferies | — | 207.00 → 276.00 | +33.3% | 278.18 |
| 8 Oct 2026 | Mizuho Securities Nitin Kumar | Downgraded · Outperform → Neutral | 212.00 → 300.00 | +41.5% | 271.62 |
| 1 Oct 2026 | Goldman Sachs Neil Mehta | Reiterated · Neutral | 235.00 → 274.00 | +16.6% | 255.31 |
| 17 Sept 2026 | BMO Capital | Reiterated · Outperform | 170.00 → 310.00 | +82.4% | 264.63 |
| 14 Sept 2026 | Raymond James | Reiterated · Outperform | 235.00 → 300.00 | +27.7% | 261.61 |
| 14 Sept 2026 | Morgan Stanley | Reiterated · Overweight | 196.00 → 284.00 | +44.9% | 263.86 |
| 8 Sept 2026 | UBS Manav Gupta | Reiterated · Buy | 235.00 → 300.00 | +27.7% | 255.09 |
| 3 Sept 2026 | Piper Sandler | Reiterated · Neutral | 209.00 → 264.00 | +26.3% | 256.09 |
| 1 Sept 2026 | Wells Fargo | Reiterated · Overweight | 239.00 → 335.00 | +40.2% | 246.58 |
| 10 Aug 2026 | Piper Sandler John Royall | Reiterated · Neutral | 208.00 → 209.00 | +0.5% | 203.91 |
| 6 Aug 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 162.00 → 239.00 | +47.5% | 202.55 |
| 6 Aug 2026 | Barclays Theresa Chen | Reiterated · Equal Weight | 183.00 → 216.00 | +18.0% | 202.55 |
| 27 Jul 2026 | UBS Manav Gupta | Reiterated · Buy | 212.00 → 235.00 | +10.8% | 205.78 |
| 23 Jul 2026 | Piper Sandler | — | 177.00 → 208.00 | +17.5% | 211.41 |
| 22 Jul 2026 | Goldman Sachs Neil Mehta | Reiterated · Neutral | 207.00 → 235.00 | +13.5% | 212.27 |
| 13 Jul 2026 | Raymond James | Reiterated · Outperform | 150.00 → 235.00 | +56.7% | 194.40 |
| 9 Jul 2026 | Jefferies | Reiterated · Hold | 158.00 → 207.00 | +31.0% | 189.64 |
| 9 Jul 2026 | Barclays | Reiterated · Equal Weight | 158.00 → 183.00 | +15.8% | 188.68 |
| 15 Jun 2026 | UBS Manav Gupta | — | 172.00 → 212.00 | +23.3% | 173.71 |
| 12 Jun 2026 | Morgan Stanley Joe Laetsch | Reiterated · Overweight | 180.00 → 196.00 | +8.9% | 178.10 |
| 27 May 2026 | Mizuho Securities Nitin Kumar | Upgraded · Neutral → Outperform | 152.00 → 212.00 | +39.5% | 173.88 |
| 19 May 2026 | Goldman Sachs | — | 207.00 | — | 182.38 |
| 30 Apr 2026 | Morgan Stanley | — | 174.00 → 180.00 | +3.4% | 175.72 |
| 24 Apr 2026 | Morgan Stanley | Upgraded · Equal Weight → Overweight | 147.00 → 174.00 | +18.4% | 159.53 |
| 8 Apr 2026 | Piper Sandler Ryan Todd | Reiterated · Neutral | 156.00 → 177.00 | +13.5% | 168.00 |
| 20 Feb 2026 | Barclays | — | 142.00 → 158.00 | +11.3% | 155.41 |
| 20 Feb 2026 | Jefferies | — | 158.00 | — | 155.41 |
| 6 Feb 2026 | UBS | — | 160.00 → 172.00 | +7.5% | 158.31 |
| 6 Feb 2026 | BMO Capital Phillip Jungwirth | — | 170.00 | — | 158.39 |
| 5 Feb 2026 | Morgan Stanley | Reiterated · Equal Weight | 140.00 → 147.00 | +5.0% | 154.69 |
| 5 Feb 2026 | Piper Sandler | Reiterated · Neutral | 153.00 → 156.00 | +2.0% | 154.69 |
| 16 Jan 2026 | Scotiabank Paul Cheng | — | 133.00 → 140.00 | +5.3% | 140.08 |
| 12 Jan 2026 | Mizuho Securities | Reiterated · Neutral | 150.00 → 152.00 | +1.3% | 138.80 |
| 12 Jan 2026 | Barclays | Reiterated · Equal Weight | 132.00 → 142.00 | +7.6% | 142.16 |
| 12 Jan 2026 | Piper Sandler | Reiterated · Neutral | 171.00 → 153.00 | -10.5% | 142.16 |
| 6 Jan 2026 | Freedom Broker | Downgraded · Hold → Sell | — | — | — |
| 6 Jan 2026 | Freedom Capital Markets | Downgraded · Hold → Sell | — | — | — |
| 12 Dec 2025 | Mizuho Securities | Reiterated · Neutral | 140.00 → 150.00 | +7.1% | 143.37 |
| 5 Dec 2025 | Piper Sandler | Reiterated · Neutral | 159.00 → 171.00 | +7.5% | 139.42 |
Phillips 66 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 Phillips 66's EPS to grow 26.5% a year until 2028.
Analysts expect Phillips 66's revenue to grow 7.2% a year until 2028. Over the last 5 years it grew 15.7% a year, and over the last 3 years it fell 8.1%.
Revenue
EPS
Does Phillips 66 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 43.6% off the result, either way, and their revenue estimate 5.8%, over the last 12 quarters.
- EPS beats
- 46 / 59
- Revenue beats
- 44 / 59
- 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.
- +18.8%
- Since
- May 2012
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 11.73 | 14.08 | +20.0% | 44.91B | 51.51B | +14.7% |
| Q2 FY2026 | 5 Aug 2026 | 7.50 | 9.41 | +25.5% | 43.60B | 51.93B | +19.1% |
| Q1 FY2026 | 29 Apr 2026 | -0.54 | 0.49 | +190.3% | 35.86B | 33.00B | -8.0% |
| Q4 FY2025 | 4 Feb 2026 | 2.15 | 2.47 | +14.9% | 33.86B | 36.33B | +7.3% |
| Q3 FY2025 | 29 Oct 2025 | 2.14 | 2.52 | +17.8% | 33.54B | 34.98B | +4.3% |
| Q2 FY2025 | 25 Jul 2025 | 1.72 | 2.38 | +38.4% | 33.28B | 33.32B | +0.1% |
| Q1 FY2025 | 25 Apr 2025 | -0.72 | -0.90 | -24.5% | 31.70B | 30.43B | -4.0% |
| Q4 FY2024 | 31 Jan 2025 | 1.23 | -0.15 | -112.2% | 34.32B | 33.69B | -1.9% |
| Q3 FY2024 | 29 Oct 2024 | 1.71 | 2.04 | +19.3% | 36.99B | 35.53B | -4.0% |
| Q2 FY2024 | 30 Jul 2024 | 1.98 | 2.31 | +16.7% | 37.79B | 38.10B | +0.8% |
| Q1 FY2024 | 26 Apr 2024 | 2.17 | 1.90 | -12.4% | 35.87B | 35.81B | -0.2% |
| Q4 FY2023 | 31 Jan 2024 | 2.35 | 3.09 | +31.5% | 36.50B | 38.27B | +4.9% |
Phillips 66 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 Phillips 66's earnings grow at the 50.0% a year analysts expect to FY2028, then 15.0% a year, it would earn about 28.89 a share in FY2030. At the P/E it has traded at over the last five years (4.5 to 24.4) that is 128.71 to 704.81 a share, or 386.80 at its average P/E of 13.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 34.83 | 155.20 | 466.39 | 849.85 |
| FY2027 | 32.71 | 145.75 | 438.00 | 798.12 |
| FY2028 | 21.84 | 97.33 | 292.47 | 532.94 |
| FY2029 (extrapolated) | 25.12 | 111.93 | 336.35 | 612.88 |
| FY2030 (extrapolated) | 28.89 | 128.71 | 386.80 | 704.81 |
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 (4.5, 13.4, 24.4).
Is Phillips 66 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.
Phillips 66's P/E of 8.3 is below the middle of its 5-year range (3.5 to 44.0, median 13.7). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Fair value is not a reliable guide for Phillips 66: its earnings swing (EPS fell 67.7% in FY2024), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 7.5.
- 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.
- 8.28
- 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.
- 13.74
- Five-year P/E range
- 3.5 – 44.0
- 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.
- 7.48
- 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.
- 0.17
- 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.
- +11.5%
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 |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.