Barclays Lifts PT on ConocoPhillips (COP) to $128 From $118 – Here’s Why

ConocoPhillips (NYSE:COP) besides received a standing update from Piper Sandler connected March 12. The steadfast raised the terms people connected the banal to $154 from $111 and reaffirmed an Overweight standing connected the shares, stating that it is revising terms targets and guardant estimates connected the backmost of a $5.00/bbl summation successful its mid-cycle WTI terms forecast, driven by the lasting effects of the struggle successful Iran. Piper stated that though the duration of outages successful the Middle East remains highly uncertain, its commodity macro squad expects that 2026 crude balances volition tighten by astir 2.0 Mb/d compared to erstwhile expectations, with lingering impacts/risk premiums and planetary assets tightening raising the barroom connected aboriginal investment.

ConocoPhillips (NYSE:COP) is an exploration and accumulation institution that explores, transports, produces, and markets crude oil, earthy gas, and bitumen. It operates done the pursuing geographical segments: Alaska, Lower 48, Canada, Europe, the Middle East, and North Africa, Asia Pacific, and Other International.

While we admit the imaginable of COP arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Stocks That Will Make You Rich successful 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey connected Google News.