Phillips 66 (PSX) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Buy

Based on 35 analysts

9.0% Below Target

PSX trades 9.0% below Wall Street's consensus target of $181.11.

Current Price$166.14

Average Target$181.11

Target

Current

Low$140.00

Median$177.00

High$212.00

Analyst Target Range

Forward P/E9.4x

(Value)

PEG Ratio—

Implied Growth+72.7%

(High Growth)

Analyst Spread39.8%

(Moderate)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$166.14

Consensus$181.11

High$212.00

Low$140.00

Consensus Scenario Assumptions

The base valuation assumes PSX achieves its forward estimates and maintains a stable P/E multiple of 9.4x. This scenario reflects the blended consensus of 35 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 35 published analyst recommendations for PSX

37% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 35 ratings

ConsensusBuy

Coverage35 Analysts

Net Score+26

Bull / Bear57% / 6%

Strong Buy00%

Buy2057%

Hold1337%

Sell26%

Strong Sell00%

Strong Buy

00%

Buy

2057%

Hold

1337%

Sell

26%

Strong Sell

00%

Recommendation Mix57% Buy · 37% Hold · 6% Sell

Buy (20)Hold (13)Sell (2)

PSX Price Target Analysis

Updated June 20, 2026

As of June 20, 2026, Phillips 66 (PSX) has a Wall Street consensus price target of $181.11, based on estimates from 35 covering analysts. With the stock currently trading at $166.14, this represents a potential upside of +9.0%. The company has a market capitalization of $66.61B.

Analyst price targets range from a low of $140.00 to a high of $212.00, representing a 40% spread in expectations. The median target of $177.00 aligns closely with the consensus average.

The current analyst consensus rating is Buy, with 20 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.

From a valuation perspective, PSX trades at a trailing P/E of 15.4x and forward P/E of 9.4x. Analysts expect EPS to grow +72.7% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $223.22, with bear and bull scenarios of $140.63 and $294.11 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+10.1%

Industry Consensus

Avg Forward P/E

11.0x

(Value)

Peers with Coverage

10 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
VLOValero Energy Corporation	$70.7B	$236.30	$244.67	+3.5%	Buy	8.4x	37
MPCMarathon Petroleum Corporation	$70.9B	$242.91	$259.38	+6.8%	Buy	8.2x	33
PBFPBF Energy Inc.	$4.4B	$37.29	$43.25	+16.0%	Hold	5.3x	26
DKDelek US Holdings, Inc.	$2.5B	$41.47	$47.00	+13.3%	Hold	8.0x	26
CVXChevron Corporation	$346.5B	$173.63	$200.13	+15.3%	Buy	12.1x	53
XOMExxon Mobil Corporation	$584.0B	$137.81	$170.08	+23.4%	Hold	12.5x	55
COPConocoPhillips	$131.3B	$107.74	$132.92	+23.4%	Buy	10.6x	52
MPLXMPLX Lp	$57.7B	$56.84	$60.25	+6.0%	Buy	13.2x	28
ENBEnbridge Inc.	$119.1B	$54.55	$46.86	-14.1%	Buy	19.0x	25
WESWestern Midstream Partners, LP	$16.9B	$42.96	$46.25	+7.7%	Hold	12.4x	13

PSX — Frequently Asked Questions

Quick answers to the most common questions about buying PSX stock.

What is the PSX stock price target for 2026?

The consensus price target for PSX is $181.11, close to the current price of $166.14 (9.0% implied move). Based on 35 analyst estimates, the stock appears fairly valued near current levels.

Is PSX a buy, sell, or hold?

PSX has a consensus rating of "Buy" based on 35 Wall Street analysts. The rating breakdown is predominantly bullish, with 20 Buy/Strong Buy ratings. The consensus 12-month price target of $181.11 implies 9.0% upside from current levels.

Is PSX stock overvalued or undervalued?

With a forward P/E of 9.4096x, PSX trades at a relatively low valuation. The consensus target of $181.11 implies 9.0% appreciation, suggesting the market may be pricing in risks.

How high can PSX stock go?

The most bullish Wall Street analyst has a price target of $212 for PSX, while the most conservative target is $140. The consensus of $181.11 represents the median expectation. Our quantitative valuation model projects a bull case target of $294 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover PSX stock?

PSX is heavily covered by Wall Street, with 35 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 20 have Buy ratings, 13 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the PSX stock forecast?

The 12-month PSX stock forecast based on 35 Wall Street analysts shows a consensus price target of $181.11, with estimates ranging from $140 (bear case) to $212 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $223, with bear/bull scenarios of $141/$294.

What is PSX's fair value based on fundamentals?

Our quantitative valuation model calculates PSX's fair value at $223 (base case), with a bear case of $141 and bull case of $294. 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 44/100.

What is PSX's forward P/E ratio?

PSX trades at a forward P/E ratio of 9.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.4x. 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.

Should I buy PSX stock?

PSX appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $181.11 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.

Why do PSX price targets vary so much?

PSX analyst price targets range from $140 to $212, a 40% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $181.11 consensus represents the middle ground. Our model's $141-$294 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools