ConocoPhillips (COP) Stock Forecast & Price Target

$111.16

-2.74 (-2.41%)

(As of 02/9/2024 08:56 PM ET)

ConocoPhillips Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 18 Analyst Ratings

Analysts' Consensus Price Target

$134.33
20.85% Upside

High Forecast	$160.00
Average Forecast	$134.33
Low Forecast	$105.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	15 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$134.33	$135.10	$136.35	$137.95
Predicted Upside	20.85% Upside	18.54% Upside	19.05% Upside	18.38% Upside

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COP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

COP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ConocoPhillips Stock vs. The Competition

Type	ConocoPhillips	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.78	2.54	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	20.85% Upside	431.25% Upside	8.84% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/9/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$115.00 ➝ $120.00	+7.59%
1/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$152.00 ➝ $133.00	+18.51%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$140.00 ➝ $137.00	+25.32%
1/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$139.00 ➝ $132.00	+10.92%
12/14/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$149.00 ➝ $138.00	+19.75%
12/14/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Accumulate ➝ Hold
Get the Latest News and Ratings for COP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ConocoPhillips and its competitors with MarketBeat's FREE daily newsletter.
12/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$153.00 ➝ $141.00	+26.34%
11/14/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$130.00 ➝ $135.00	+16.53%
10/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$141.00 ➝ $143.00	+22.39%
10/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$124.00 ➝ $125.00	+6.75%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$145.00 ➝ $150.00	+24.82%
9/18/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$151.00 ➝ $160.00	+28.40%
9/8/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
8/4/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$134.00 ➝ $138.00	+18.90%
7/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$145.00 ➝ $140.00	+30.31%
7/7/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$120.00	+19.59%
6/13/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$149.00 ➝ $125.00	+21.56%
4/5/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Hold	$105.00	-1.22%
3/23/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$160.00 ➝ $141.00	+43.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:34 AM ET.

COP Price Target - Frequently Asked Questions

What is ConocoPhillips's consensus rating and price target?: According to the issued ratings of 18 analysts in the last year, the consensus rating for ConocoPhillips stock is Moderate Buy based on the current 5 hold ratings, 12 buy ratings and 1 strong buy rating for COP. The average twelve-month price prediction for ConocoPhillips is $134.33 with a high price target of $160.00 and a low price target of $105.00. Learn more on COP's analyst rating history.
Do Wall Street analysts like ConocoPhillips more than its competitors?: Analysts like ConocoPhillips more than other Oils/Energy companies. The consensus rating score for ConocoPhillips is 2.78 while the average consensus rating score for oils/energy companies is 2.54. Learn more on how COP compares to other companies.
Is ConocoPhillips being downgraded by Wall Street analysts?: Over the previous 90 days, ConocoPhillips's stock had 1 downgrade by analysts.

Does ConocoPhillips's stock price have much upside?: According to analysts, ConocoPhillips's stock has a predicted upside of 19.74% based on their 12-month stock forecasts.
What analysts cover ConocoPhillips?: ConocoPhillips has been rated by Johnson Rice, JPMorgan Chase & Co., Mizuho, Raymond James, Royal Bank of Canada, Scotiabank, Susquehanna, and UBS Group in the past 90 days.

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This page (NYSE:COP) was last updated on 2/12/2024 by MarketBeat.com Staff

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ConocoPhillips (COP) Stock Forecast & Price Target

ConocoPhillips Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

COP Analyst Ratings By Month

COP Price Targets by Month

ConocoPhillips Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

COP Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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