BofA upgrades BHP stock to Buy with AUD 68 target

Published on 10/02/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 attributable profit reached USD 9.8 billion, up from USD 9.0 billion. BHP stock costs EUR 75.75 on October 2, 2026 after EUR 75.25.

BHP, US0886061086, Illustration mit AI erstellt.

BHP stock (ISIN US0886061086) was trading at EUR 75.75 at Lang & Schwarz on October 2, 2026 at 4:07 p.m. CEST, plus 0.66 percent versus the EUR 75.25 prior close. As Markets Insider reported on October 1, 2026, BofA Securities upgraded BHP from Neutral to Buy and raised its target from AUD 65.00 to AUD 68.00.

BofA lifts the copper case

The upgrade gives BHP a fresh analyst catalyst even though the euro quote moved less than 1.00 percent against its prior close. BofA tied its more positive stance to a stronger copper outlook and pointed to a planned November site visit to BHP's Australian copper operations.

TradingView reported on October 2, 2026 that BofA lifted its long-term copper price forecast by 20.00 percent to USD 13,577.00 per metric ton. The same report said BHP shares ended at AUD 61.21 on the Australian market, a separately dated local-market value that is not the reference price for this article.

FY2026 profit supports the case

StockTitan reported that BHP's attributable profit reached USD 9.8 billion in fiscal 2026, up from USD 9.0 billion in fiscal 2025. That is an 8.89 percent year-over-year increase, giving the analyst upgrade a concrete earnings base.

StockTitan also reported total FY2026 dividends of USD 1.72 per share, equal to USD 8.7 billion and 66.00 percent of underlying attributable profit. Copper contributed more than half of underlying EBITDA for the first time, while BHP produced 2.0 million tonnes of copper for a second consecutive year.

NYSE value and upcoming dates

BHP's market capitalization was USD 217.8 billion as of October 2, 2026. The NYSE quote was last at USD 85.75 at 10:17 a.m. ET on October 2, 2026, against a 52-week range of USD 52.18 to USD 98.71.

Citi identifies the American depositary receipt as listed on the NYSE. BHP's investor center lists an operational review for October 20, 2026, and the company annual meeting is scheduled for October 22, 2026, according to its meeting materials.

BHP stock enters a data-rich October

The immediate tension is clear: BofA sees a copper-driven upside case, while the share price remains 13.13 percent below the USD 98.71 52-week high on the NYSE. For investors, the next test is whether operational updates can support the copper thesis before the October shareholder meeting.

At Lang & Schwarz, BHP was trading at EUR 75.75 on October 2, 2026 at 4:07 p.m. CEST, plus 0.66 percent versus the EUR 75.25 prior close. The further course of trading is shown by the continuously updated real-time quote of BHP stock.