TD Cowen Boosts Marathon Petroleum Stock Price Target

Analysts see potential 26% upside for oil and gas company's shares.

Apr. 1, 2026 at 7:04pm

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Analysts at TD Cowen have increased their price target for Marathon Petroleum (NYSE:MPC) stock from $198 to $299, representing a potential upside of 26.68% from the stock's previous close. The brokerage firm maintained its 'buy' rating on the oil and gas company's shares.

Why it matters

This positive outlook from a major investment firm suggests Marathon Petroleum's stock could see significant price appreciation in the near future, potentially providing a boost to investors in the company.

The details

In a research note, TD Cowen cited Marathon Petroleum's strong financial performance and growth potential as reasons for the increased price target. The company has seen its stock price rise steadily over the past year as oil and gas prices have rebounded from pandemic-era lows.

  • On Wednesday, TD Cowen raised its price target on Marathon Petroleum shares.

The players

TD Cowen

A major investment firm that provides research and analysis on various stocks, including Marathon Petroleum.

Marathon Petroleum

A U.S.-based oil and gas company that operates an integrated system of refining and logistics assets.

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What’s next

Investors will be closely watching to see if Marathon Petroleum's stock price can reach the new $299 price target set by TD Cowen in the coming months.

The takeaway

This positive analyst outlook on Marathon Petroleum's stock suggests the company's strong financial performance and growth potential are being recognized by the investment community, potentially providing a boost to investors in the oil and gas sector.