Argus sets USD 98.00 target for BHP Group stock

Published on 10/19/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argus set a USD 98.00 target on October 13, 2026 and rated BHP Group Buy. BHP Group stock traded at EUR 74.25 on October 19, 2026.

Target and operating dates

Argus initiated coverage with a USD 98.00 target and Buy rating on October 13, 2026.
Fiscal 2026 revenue reached USD 58.76 billion, up 14.60 percent from fiscal 2025.
BHP Group stock traded at EUR 74.25 at 10:09 a.m. CEST at Lang & Schwarz on October 19, 2026.

BHP, US0886061086, Illustration mit AI erstellt.

BHP Group (ISIN US0886061086) was trading at EUR 74.25 at Lang & Schwarz on October 19, 2026 at 10:09 a.m. CEST. Argus initiated coverage with a Buy rating and a USD 98.00 target on October 13, 2026, according to Moomoo.

Argus sees upside in copper exposure

The analyst call arrived after BHP reported fiscal 2026 revenue of USD 58.76 billion, an increase of 14.60 percent from USD 51.26 billion in fiscal 2025. TickerScout said attributable profit reached USD 9.83 billion, up 9.00 percent, while underlying EBITDA rose 26.80 percent to USD 32.95 billion.

The operating mix is shifting toward copper. Copper contributed USD 18.19 billion of underlying EBITDA in fiscal 2026 and supplied more than half of the measure for the first time, according to the same fiscal-year report. That combination gives the analyst target a clear operating reference, while BHP's potash investment remains a factor in the earnings picture.

What dates shape the next update?

BHP's recent chronology includes the October 1, 2026 Bank of America upgrade to Buy with a USD 96.00 target, Argus's October 13, 2026 initiation at USD 98.00, and the October 20, 2026 operational review for the quarter ended September 30, 2026. The first two analyst actions were reported by Business Insider, while the review date appears in BHP's financial calendar.

The next substantiated company date is October 20, 2026, when BHP is scheduled to publish its operational review for the September quarter, according to BHP. The update should provide the next detailed production and guidance reference after the fiscal 2026 results.

Price holds the market reference

For German investors, the Lang & Schwarz quote places BHP Group at EUR 74.25 during the regular Xetra session perspective on October 19, 2026. The primary listing is on the NYSE, where BHP is quoted in USD, so the analyst target and the German euro quote represent separate currency references.

BHP's fiscal 2026 revenue growth of 14.60 percent exceeded the 9.00 percent increase in attributable profit, a contrast that puts commodity prices, production volumes and capital allocation at the center of the October review. The further course of trading is shown by the continuously updated real-time quote of BHP Group stock.