Susquehanna raises target for ConocoPhillips stock to USD 175.00
π Susquehanna raised its price target for ConocoPhillips from USD 161.00 to USD 175.00 in a report dated October 23, 2026.
π° Second-quarter revenue reached USD 19.52 billion, marking a 32.40 percent year-over-year increase.
π Earnings per share hit USD 3.24, beating the consensus estimate of USD 2.90 by USD 0.34.
π The stock beat revenue expectations with actuals of USD 19.52 billion versus a consensus of USD 18.79 billion.
π Third-quarter earnings results are scheduled to be released on November 5, 2026.
π ConocoPhillips stock closed at USD 145.63 on the NYSE on October 22, 2026.
Bullish Signals
- Susquehanna raised its price target for ConocoPhillips from USD 161.00 to USD 175.00, citing a positive view and strong recent earnings performance.
- Second-quarter revenue surged to USD 19.52 billion, up 32.40 percent year over year, significantly exceeding the consensus estimate of USD 18.79 billion.
- Earnings per share reached USD 3.24 in the second quarter, surpassing analyst expectations of USD 2.90 by a margin of USD 0.34.
- The company demonstrated consistent profitability with first-quarter adjusted earnings per share of USD 1.89 beating the USD 1.69 consensus.
Full Analysis
Susquehanna Financial Group raised its price target for ConocoPhillips (COP) from USD 161.00 to USD 175.00 in a report published on October 23, 2026. The analyst firm maintained a positive view and noted that the new target reflects a wider numerical range compared to the current trading price of EUR 129.96 observed at Lang & Schwarz.
The upgrade follows ConocoPhillips' strong second-quarter financial performance, which provided a robust operating backdrop for the analyst's decision. The energy giant reported second-quarter revenue of USD 19.52 billion, representing a significant 32.40 percent year-over-year increase. This revenue figure substantially exceeded market consensus estimates of USD 18.79 billion.
ConocoPhillips also delivered earnings per share of USD 3.24 during the second quarter, surpassing analyst expectations of USD 2.90 by USD 0.34. The company previously reported first-quarter adjusted earnings per share of USD 1.89 against a consensus of USD 1.69 in April 2026. Investors are now awaiting third-quarter results scheduled for release on November 5, 2026.