TD Cowen raises target for Phillips 66 stock to USD 295
Published on 10/01/2026 at 15:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Phillips 66 (ISIN US7185461040) was trading at EUR 225.75 at Lang & Schwarz on October 1, 2026 at 3:08 p.m. CEST, up 0.38 percent versus the EUR 224.90 prior close. TD Cowen raised its price target from USD 255.00 to USD 295.00 on September 30, 2026, while maintaining a Buy rating, according to MarketBeat.
TD Cowen lifts its valuation case
The new target is 15.69 percent above TD Cowen's previous USD 255.00 target, a material revision that puts the analyst view above Phillips 66's latest primary-market quote. MarketBeat said the target implied 17.20 percent upside from the prior close in its September 30, 2026 report.
The broader analyst picture remains constructive but varied. MarketBeat listed a Moderate Buy consensus and an average target of USD 244.06, while also citing recent targets of USD 300.00 from UBS and USD 284.00 from Morgan Stanley.
Second-quarter earnings reset expectations
Phillips 66 reported USD 9.41 in earnings per share for the second quarter of 2026, above the USD 7.50 consensus estimate, according to MarketBeat. The result also exceeded the USD 2.38 earnings per share reported for the same quarter a year earlier.
Revenue reached USD 52.04 billion in the second quarter, compared with USD 43.60 billion expected by analysts. MarketBeat also reported a 19.93 percent return on equity and a 4.54 percent net margin for the period.
October 28 brings the next test
Phillips 66 is scheduled to report third-quarter 2026 results on October 28, 2026, with consensus earnings per share of USD 10.77 and expected revenue of USD 41.57 billion, according to MarketBeat. That forecast gives the next report a clear comparison point after the second-quarter earnings beat.
Phillips 66 stock stays below its yearly high
Phillips 66 had a market capitalization of USD 102.4 billion as of September 30, 2026. Its 52-week range was USD 126.74 to USD 277.12, placing the Lang & Schwarz euro quote in the context of a stock trading below its reported yearly high.
Phillips 66 is listed on the New York Stock Exchange under ticker PSX and operates in energy, with refining and marketing as its primary industry. The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.
Phillips 66 stock facts
- Company: Phillips 66
- ISIN: US7185461040
- Ticker: PSX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 1, 2026, 3:08 p.m. CEST): EUR 225.75
- Change versus prior close: plus 0.38 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 224.90
- Market capitalization: USD 102.4 billion (as of September 30, 2026)
- 52-week range: USD 126.74-277.12 (as of September 30, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Next earnings date: October 28, 2026
