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UBS Raises ConocoPhillips (COP) Price Target, Keeps Buy Rating

UBS Raises ConocoPhillips (COP) Price Target, Keeps Buy Rating

Yahoo18 hours ago
ConocoPhillips (NYSE:COP) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 11, UBS increased its price target for ConocoPhillips (NYSE:COP) from $111 to $115 while keeping a Buy rating.
UBS noted that even though ConocoPhillips (NYSE:COP) delivered a positive operational update with its Q1 2025 results, the stock performance was hindered because of concerns about the company's capital return program.
An underground network of pipelines transporting oil through an expansive terrain.
The firm believes that if ConocoPhillips (NYSE:COP) has another strong quarter, it could improve investor confidence. UBS pointed out that 'this bandaid now ripped off' regarding capital return concerns.
UBS also expects ConocoPhillips (NYSE:COP) to see an improvement in free cash flow as long-cycle spending starts to decrease in the second half of 2025.
ConocoPhillips (NYSE:COP) is an American energy company that ranks among the world's largest independent oil and gas exploration and production companies based on production and proved reserves.
While we acknowledge the potential of COP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 12 Most Owned Stocks by Hedge Funds So Far in 2025.
Disclosure: None. This article is originally published at Insider Monkey.
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