TotalEnergies, FR0000120271

TotalEnergies stock gets a higher UBS target at EUR 89

Published on 10/07/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies stock carries a EUR 89 UBS target after the October 6 update. Q2 revenue rose 28 percent to USD 57.1 billion, while buybacks increase to USD 2.5 billion.

Flatlay mit Aktienzertifikat, ISIN-Karte, Ölprobe und Windrad-Modell — Flatlay mit Aktienzertifikat und ISIN-Karte visualisiert Investition in TotalEnergies SE, Kennung FR0000120271, anschaulich, Illustration mit AI erstellt.

TotalEnergies stock was last at EUR 75.72 on Euronext Paris on October 6, 2026, down 0.11 percent. UBS raised its price target from EUR 88 to EUR 89 while maintaining a Buy rating, according to Ideal Investor on October 6, 2026.

UBS lifts its target to EUR 89

The UBS move gives the current trading level a concrete reference point, although the target change is modest. The price target lies 17.5 percent above the EUR 75.72 stock price, using the same Euronext Paris currency.

The broader analyst picture is also constructive. MarketBeat lists 19 covering analysts, including 10 Buy ratings, 8 Hold ratings and 1 Sell rating, with an average ADR price target of USD 88.50.

Buybacks reinforce the return story

TotalEnergies authorized USD 2.5 billion in share buybacks for the fourth quarter of 2026, up from USD 1.5 billion in recent quarters. The company also plans USD 2 billion to USD 2.5 billion of repurchases in the first quarter of 2027 and dividend increases above 5 percent annually through 2030, according to TotalEnergies in its September 28, 2026 strategy release.

The same plan targets 4 percent annual energy production growth through 2030 and a gearing ratio below 10 percent by the end of 2026. Planned net investments of USD 14 billion to USD 17 billion per year from 2027 through 2032 show that shareholder distributions will compete with a substantial project pipeline.

Q2 figures set a high comparison base

TotalEnergies reported Q2 2026 revenue of USD 57.1 billion, up 28 percent from Q2 2025, while net income rose 102 percent to USD 5.44 billion. Earnings per share reached USD 2.44, compared with USD 1.18 a year earlier, according to Simply Wall St in its Q2 2026 results coverage.

For investors, the central tension is visible in the numbers: stronger earnings and higher shareholder returns support valuation, while the investment plan and exposure to oil, gas and refining conditions keep execution important.

TotalEnergies stock heads toward Q3 results

TotalEnergies stock was last at EUR 75.72 on October 6, 2026, on Euronext Paris. The next reporting date is October 29, 2026, according to MarketBeat.