TD Cowen Raises Par Pacific Price Target to $48

Analysts see upside potential for the energy company's stock.

Published on Feb. 27, 2026

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TD Cowen analysts have raised their price target for Par Pacific (NYSE:PARR) from $39 to $48, maintaining a "buy" rating on the stock. The firm cited the company's strong performance and growth potential in its research report. Par Pacific operates refineries in Hawaii and Utah, as well as a network of branded and unbranded wholesale fuel accounts.

Why it matters

The increased price target from a major research firm indicates confidence in Par Pacific's ability to continue delivering value for shareholders. As a diversified downstream energy company, Par Pacific's performance is closely watched by investors looking for opportunities in the refining and marketing of petroleum products.

The details

TD Cowen boosted their price objective on Par Pacific from $39.00 to $48.00 and gave the company a "buy" rating in a research report. The firm's new target price suggests a potential upside of 18.02% from the company's current stock price. Other analysts have also recently weighed in on Par Pacific, with Mizuho raising their price target to $49.00 and Tudor Pickering upgrading the stock to a "buy" rating.

  • TD Cowen issued the updated price target and rating on February 27, 2026.

The players

Par Pacific

A diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products, including operating refineries in Hawaii and Utah.

TD Cowen

An investment research firm that covers Par Pacific and has raised their price target for the company's stock.

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The takeaway

The increased price target from TD Cowen reflects analysts' confidence in Par Pacific's ability to continue growing its business and delivering value for shareholders. As a diversified energy company with refining and marketing operations, Par Pacific's performance is an important indicator of trends in the broader petroleum products industry.