BofA raises target for TotalEnergies stock from EUR 87 to EUR 88
Published on 10/05/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
TotalEnergies (ISIN FR0000120271) stock was trading at EUR 74.94 at Lang & Schwarz on October 5, 2026 at 9:19 a.m. CEST, minus 0.20 percent versus the prior close of EUR 75.09. As Markets Insider reported on October 2, 2026, BofA raised its target from EUR 87.00 to EUR 88.00 and kept a Buy rating.
BofA target leaves measured upside
The new target lies 17.43 percent above the Lang & Schwarz price. That comparison places the analyst view above the current euro quote, while the daily move remains below the 1.00 percent threshold for a directional price signal.
The target change is modest at EUR 1.00, or 1.15 percent versus BofA's previous EUR 87.00 target. For investors, the key issue is whether TotalEnergies can convert its planned production growth into durable cash generation.
Strategy sets a 2030 growth test
In its strategy presentation dated September 28, 2026, TotalEnergies confirmed a target for energy production growth of 4.00 percent per year through 2030. The company also expects oil and gas production to grow by more than 3.00 percent annually between 2025 and 2030.
The same strategy calls for electricity generation growth above 20.00 percent per year, reaching 100 to 120 TWh annually by 2030. TotalEnergies also plans net investments of USD 14.00 billion to USD 17.00 billion per year from 2027 through 2032, making execution and capital discipline central to the valuation case.
Cash returns remain a visible catalyst
The board adopted a policy on September 27, 2026, to increase the dividend by more than 5.00 percent per year for financial years 2026 through 2030. It also confirmed shareholder returns of at least 40.00 percent of cash flow while targeting gearing below 10.00 percent.
TotalEnergies authorized USD 2.50 billion in share buybacks for the fourth quarter of 2026 and USD 2.00 billion to USD 2.50 billion for the first quarter of 2027. The company is scheduled to report third-quarter 2026 results on October 29, 2026, according to its October 2026 shareholder webzine.
EUR 74.94 before third-quarter results
TotalEnergies was trading at EUR 74.94 at Lang & Schwarz on October 5, 2026 at 9:19 a.m. CEST, minus 0.20 percent versus the Lang & Schwarz prior close of EUR 75.09. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.
TotalEnergies stock facts
- Company: TotalEnergies SE
- ISIN: FR0000120271
- Ticker: TTE
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 5, 2026, 9:19 a.m. CEST: EUR 74.94
- Change versus prior close: minus 0.20 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 75.09
- Sector / Industry: Energy / Oil and Gas Integrated
- Next earnings date: October 29, 2026
