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, ConocoPhillips (COP) has a Wall Street consensus price target of $116.79, based on estimates from 52 covering analysts. With the stock currently trading at $113.46, this represents a potential upside of +2.9%. The company has a market capitalization of $139.01B.
Analyst price targets range from a low of $98.00 to a high of $133.00, representing a 30% spread in expectations. The median target of $116.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 39 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 3 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, COP trades at a trailing P/E of 17.9x and forward P/E of 23.0x. Analysts expect EPS to grow -25.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $135.62, with bear and bull scenarios of $-59.44 and $329.04 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus price target for COP is $116.79, close to the current price of $113.46 (2.9% implied move). Based on 52 analyst estimates, the stock appears fairly valued near current levels.
COP has a consensus rating of "Buy" based on 52 Wall Street analysts. The rating breakdown is predominantly bullish, with 39 Buy/Strong Buy ratings. The consensus 12-month price target of $116.79 implies 2.9% upside from current levels.
COP trades at a forward P/E of 23.0277x, representing a moderate valuation. With analysts targeting $116.79 (2.9% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $133 for COP, while the most conservative target is $98. The consensus of $116.79 represents the median expectation. Our quantitative valuation model projects a bull case target of $329 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
COP is heavily covered by Wall Street, with 52 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 38 have Buy ratings, 10 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month COP stock forecast based on 52 Wall Street analysts shows a consensus price target of $116.79, with estimates ranging from $98 (bear case) to $133 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $136, with bear/bull scenarios of $-59/$329.
Our quantitative valuation model calculates COP's fair value at $136 (base case), with a bear case of $-59 and bull case of $329. 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.
COP trades at a forward P/E ratio of 23.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.9x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
COP appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $116.79 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.
COP analyst price targets range from $98 to $133, a 30% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $116.79 consensus represents the middle ground. Our model's $-59-$329 range provides an independent fundamental perspective.