TotalEnergies, FR0000120271

JPMorgan raises target for TotalEnergies stock to EUR 85

Published on 10/09/2026 at 12:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan kept a Neutral rating on October 8, 2026. TotalEnergies stock costs EUR 77.24 on October 9, 2026, plus 0.78 percent versus EUR 76.64.

Key points in brief

JPMorgan raised its TotalEnergies price target from EUR 83 to EUR 85 on October 8, 2026, while keeping a Neutral rating.
TotalEnergies generated USD 6.0 billion in adjusted net income during the second quarter of 2026, up 12 percent year over year.
The stock was trading at EUR 77.24 at Lang & Schwarz on October 9, 2026, up 0.78 percent versus the EUR 76.64 prior close.

Futuristischer parametrischer Glasturm in La Défense mit Grande Arche im Hintergrund — TotalEnergies FR0000120271 als abstrakter CGI-Architektur-Render eines parametrischen Glasturms in La Défense Paris, Illustration mit AI erstellt.

TotalEnergies (ISIN FR0000120271) has received a higher JPMorgan price target of EUR 85, up from EUR 83, while the bank kept a Neutral rating on October 8, 2026, according to Markets Insider. The target stands 10.05 percent above the EUR 77.24 Lang & Schwarz price on October 9, 2026.

Three dated signals shape the case

On September 21, 2026, TotalEnergies reported adjusted net income of USD 6.0 billion for the second quarter of 2026, up 12 percent from a year earlier, according to Europe Says.

On September 28, 2026, the company announced USD 2.5 billion of fourth-quarter 2026 share buybacks, up from USD 1.5 billion in recent quarters, and a dividend policy targeting annual increases of more than 5 percent through 2030, Reuters reported. On October 8, 2026, JPMorgan moved its target from EUR 83 to EUR 85 while retaining Neutral, according to Markets Insider.

What does the target change mean?

The arithmetic is direct: EUR 85 is 10.05 percent above the Lang & Schwarz price of EUR 77.24, using the same currency but different reference dates. For the operating picture, second-quarter adjusted net income of USD 6.0 billion compared with USD 3.6 billion a year earlier, while operating cash flow reached USD 9.8 billion, according to Euronews. The contrast is important because the target revision reflects valuation and earnings expectations, while the reported result captures a completed quarter.

Results date is October 29

TotalEnergies is scheduled to report third-quarter 2026 results on October 29, 2026, according to Euronews. A second dated earnings reference is February 10, 2027, for fiscal-year 2026 results, according to Barrons.

Stock trades above the prior close

TotalEnergies was trading at EUR 77.24 at Lang & Schwarz on October 9, 2026 at 12:20 p.m. CEST, up 0.78 percent versus the EUR 76.64 prior close dated October 8, 2026. The primary listing is Euronext Paris, and the stock's 52-week range in US dollars was USD 57.39 to USD 94.17 as of October 8, 2026; these figures are separate from the euro reference price. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.