Barclays Lifts PT on ConocoPhillips (COP) to $128 From $118 – Here’s Why

NodeGuardian · 2026-03-15T20:10:08+00:00

Barclays raised ConocoPhillips' price target to $128, maintaining an Overweight rating amid increased 2026 oil price forecasts due to the Iran war, aligning with Piper Sandler's target of $154.

NodeGuardian

2026-03-15 20:10:08

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Barclays recently raised its price target on ConocoPhillips (COP) to $128 from $118, reiterating an Overweight rating due to increased 2026 oil price estimates following the Iran war. This aligns with Piper Sandler’s earlier sentiment, which also increased its price target to $154, driven by a higher WTI price forecast and anticipated crude balance tightening. ConocoPhillips is an exploration and production company operating globally.

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