Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, BP p.l.c. (BP) has a Wall Street consensus price target of $39.58, based on estimates from 43 covering analysts. With the stock currently trading at $38.86, this represents a potential upside of +1.9%. The company has a market capitalization of $99.55B.
Analyst price targets range from a low of $31.00 to a high of $51.00, representing a 51% spread in expectations. The median target of $38.25 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 17 analysts rating the stock as a Buy or Strong Buy,25 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, BP trades at a trailing P/E of 1904.9x and forward P/E of 14.9x. Analysts expect EPS to grow +11129.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $38.86, with bear and bull scenarios of $-3.37 and $198.84 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus price target for BP is $39.58, close to the current price of $38.86 (1.9% implied move). Based on 43 analyst estimates, the stock appears fairly valued near current levels.
BP has a consensus rating of "Hold" based on 43 Wall Street analysts. The rating breakdown is mixed, with 25 Hold ratings making up the largest segment. The consensus 12-month price target of $39.58 implies 1.9% upside from current levels.
With a forward P/E of 14.8519x, BP trades at a relatively low valuation. The consensus target of $39.58 implies 1.9% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $51 for BP, while the most conservative target is $31. The consensus of $39.58 represents the median expectation. Our quantitative valuation model projects a bull case target of $199 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BP is heavily covered by Wall Street, with 43 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 25 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BP stock forecast based on 43 Wall Street analysts shows a consensus price target of $39.58, with estimates ranging from $31 (bear case) to $51 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $39, with bear/bull scenarios of $-3/$199.
Our quantitative valuation model calculates BP's fair value at $39 (base case), with a bear case of $-3 and bull case of $199. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.
BP trades at a forward P/E ratio of 14.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 1904.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
BP appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $39.58 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BP analyst price targets range from $31 to $51, a 51% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $39.58 consensus represents the middle ground. Our model's $-3-$199 range provides an independent fundamental perspective.