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, Equinor ASA (EQNR) has a Wall Street consensus price target of $82.50, based on estimates from 23 covering analysts. With the stock currently trading at $29.83, this represents a potential upside of +176.6%. The company has a market capitalization of $74.46B.
Analyst price targets range from a low of $82.50 to a high of $82.50, representing a 0% spread in expectations. The median target of $82.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 7 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, EQNR trades at a trailing P/E of 15.3x and forward P/E of 11.4x. Analysts expect EPS to grow +31.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $43.78, with bear and bull scenarios of $-4.45 and $193.31 respectively. Model confidence stands at 36/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus Wall Street price target for EQNR is $82.5, representing 176.6% upside from the current price of $29.83. With 23 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
EQNR has a consensus rating of "Hold" based on 23 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $82.5 implies 176.6% upside from current levels.
With a forward P/E of 11.3508x, EQNR trades at a relatively low valuation. The consensus target of $82.5 implies 176.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $82.5 for EQNR, while the most conservative target is $82.5. The consensus of $82.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $193 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
EQNR is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 7 have Buy ratings, 13 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 EQNR stock forecast based on 23 Wall Street analysts shows a consensus price target of $82.5, with estimates ranging from $82.5 (bear case) to $82.5 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $44, with bear/bull scenarios of $-4/$193.
Our quantitative valuation model calculates EQNR's fair value at $44 (base case), with a bear case of $-4 and bull case of $193. 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 36/100.
EQNR trades at a forward P/E ratio of 11.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.3x. 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.
Wall Street analysts are very optimistic on EQNR, with a "Hold" consensus rating and $82.5 price target (176.6% upside). 7 of 23 analysts rate it Buy or Strong Buy. 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.
EQNR analyst price targets range from $82.5 to $82.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $82.5 consensus represents the middle ground. Our model's $-4-$193 range provides an independent fundamental perspective.