Sanford C. Bernstein Boosts ConocoPhillips Stock Price Target

Analysts see upside potential for energy producer's shares

Apr. 13, 2026 at 1:37pm

Got story updates? Submit your updates here. ›

An extreme close-up of interlocking metal gears and machinery, representing the complex financial infrastructure and institutional power of the banking industry.Analysts see upside potential for ConocoPhillips as the energy producer navigates volatile commodity markets.Houston Today

Research firm Sanford C. Bernstein has raised its price target for ConocoPhillips (NYSE:COP) stock from $98 to $121, maintaining an 'outperform' rating on the energy company's shares. The move comes as several Wall Street analysts have issued positive forecasts for ConocoPhillips in recent months.

Why it matters

ConocoPhillips is one of the world's largest independent oil and gas producers, making its stock performance a closely watched indicator of the overall energy industry. Positive analyst outlooks could signal growing confidence in the company's ability to navigate volatile commodity markets and deliver shareholder returns.

The details

Sanford C. Bernstein cited ConocoPhillips' strong operational performance and financial position as reasons for the upgraded price target. The firm believes the company is well-positioned to benefit from rising energy demand and prices. Other analysts have also recently raised their price targets for ConocoPhillips, with Jefferies Financial Group lifting its target to $160 and Raymond James increasing its forecast to $118.

  • Sanford C. Bernstein issued the new price target on April 13, 2026.
  • The previous Sanford C. Bernstein price target was $98, set earlier in 2026.

The players

Sanford C. Bernstein

A research and investment management firm that provides equity research and financial analysis on various companies and industries.

ConocoPhillips

A major independent oil and gas exploration and production company headquartered in Houston, Texas.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching ConocoPhillips' upcoming quarterly earnings report to see if the company's financial performance aligns with the positive analyst forecasts.

The takeaway

The bullish outlook from Sanford C. Bernstein and other analysts suggests growing confidence in ConocoPhillips' ability to navigate the evolving energy landscape and deliver shareholder value, even as the industry faces ongoing volatility.