JPMorgan cuts ONEOK target to USD 100 for ONEOK stock

Published on 10/09/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target to USD 100.00 on October 6, 2026. ONEOK stock was EUR 79.01 on October 9, 2026, 7.72 percent below EUR 85.62.

Key points in brief

JPMorgan cut its ONEOK price target from USD 106.00 to USD 100.00 on October 6, 2026, while keeping a neutral rating.
ONEOK reported second-quarter 2026 revenue of USD 12.05 billion and earnings per share of USD 1.53.
The gettex substitute price was EUR 79.01 on October 9, 2026, 7.72 percent below the EUR 85.62 52-week high.

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JPMorgan cut its ONEOK price target from USD 106.00 to USD 100.00 on October 6, 2026, while keeping a neutral rating, according to MarketBeat. The 5.66 percent target reduction puts valuation and execution under closer scrutiny ahead of ONEOK's third-quarter report.

Three milestones shaped the stock

On September 10, 2026, ONEOK closed a USD 9.00 billion minority equity investment with Apollo, according to ONEOK. On October 5, 2026, the company scheduled its third-quarter earnings release for October 27, 2026, followed by a conference call on October 28, 2026, in a separate ONEOK release. JPMorgan's October 6, 2026 target cut is the latest of the three dated developments.

What does the target cut change?

The lower USD 100.00 target contrasts with ONEOK's second-quarter execution. MarketBeat reported second-quarter 2026 earnings per share of USD 1.53 against USD 1.46 consensus, a USD 0.07 difference, while revenue reached USD 12.05 billion versus USD 8.95 billion expected. Revenue therefore exceeded consensus by USD 3.10 billion, giving the upcoming report a clear operating benchmark.

Dates investors can mark

ONEOK will publish third-quarter 2026 earnings after the market closes on October 27, 2026, then hold its conference call on October 28, 2026, at 11:00 a.m. ET. The release date is the next major test of whether the second-quarter revenue and earnings advantage can continue.

ONEOK stock stays below its high

The substitute gettex quote stood at EUR 79.01 on October 9, 2026 at 12:43 p.m. CEST. Against the EUR 85.62 52-week high from the same quote page, the price was 7.72 percent lower. The primary listing is NYSE, where the finance quote showed USD 90.29 on October 8, 2026 at 4:00 p.m. ET, with a USD 64.02 to USD 99.85 52-week range.

Market context: Market report S&P 500.