Mizuho raised target for BP stock to USD 56 from USD 53

Published on 10/12/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho raised BP's target to USD 56 from USD 53 on October 5, 2026. BP stock was EUR 6.88 at Lang & Schwarz on October 12, 2026.

Key points in brief

Mizuho lifted its BP target from USD 53.00 to USD 56.00 on October 5, 2026, while keeping an Outperform rating.
BP reported USD 5.732 billion in underlying replacement cost profit for the second quarter of 2026.
Operating cash flow reached USD 10.858 billion in the second quarter, while BP stock was EUR 6.88 at Lang & Schwarz on October 12, 2026.
BP's next earnings report is scheduled for October 30, 2026.

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BP (ISIN GB0007980591) was trading at EUR 6.88 at Lang & Schwarz on October 12, 2026, at 9:34 a.m. CEST. On October 5, Mizuho raised its BP target to USD 56.00 from USD 53.00 while maintaining an Outperform rating, Investing.com reported.

Three milestones shape the reset

On April 1, 2026, Meg O'Neill became BP's chief executive, beginning her first full quarter in the role during the second-quarter reporting period. BP outlined five strategic priorities, including balance-sheet strengthening and portfolio simplification, in the report summarized by MetaTrader.

On August 4, 2026, BP reported USD 5.732 billion in underlying replacement cost profit for the second quarter, up from USD 3.198 billion in the first quarter. Operating cash flow reached USD 10.858 billion, compared with USD 2.860 billion in the first quarter, according to MetaTrader.

On October 5, 2026, Mizuho moved its target from USD 53.00 to USD 56.00. The source said stronger European gas and refining margins were expected to offset lower Brent prices and weaker Customers performance in the third quarter, giving the rating change a specific operating rationale.

What does the target raise signal?

The target revision puts BP's balance-sheet repair and margin recovery at the center of the valuation discussion. Mizuho also raised its third-quarter adjusted earnings estimate to USD 1.97 per American Depositary Share from USD 1.37, while the source cited a USD 1.87 consensus estimate.

BP's second-quarter numbers show why cash generation matters. Underlying replacement cost profit was USD 2.534 billion higher than in the first quarter, while operating cash flow increased by USD 7.998 billion over the same comparison period. Net debt stood at USD 22.251 billion in the second quarter, down from USD 25.309 billion in the first quarter, according to MetaTrader.

Next reporting date

BP is scheduled to publish its next earnings report on October 30, 2026, before the market opens, according to Gekko. That release will test whether the margin and cash-flow improvement from the second quarter continued into the third quarter.

BP stock stays in the energy reset

BP's latest market price remains separate from the US-dollar analyst target because the two figures use different currencies and reference venues. The Lang & Schwarz quote was EUR 6.88 on October 12, 2026 at 9:34 a.m. CEST, while BP's primary listing is on the LSE in GBp.

The further course of trading is shown by the continuously updated real-time quote of BP stock.