ConocoPhillips, US20825C1045

Morgan Stanley raises target for ConocoPhillips stock to USD 159.00

Published on 10/16/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 36.00 percent to USD 19.16 billion. ConocoPhillips stock trades at EUR 126.01 on October 16, 2026.

Numbers shaping the stock

Morgan Stanley set a USD 159.00 target on October 15, 2026.
Second-quarter revenue reached USD 19.16 billion after rising 36.00 percent.
ConocoPhillips stock traded at EUR 126.01 at 10:29 a.m. CEST on October 16, 2026, at Lang & Schwarz.
Third-quarter results are scheduled for November 5, 2026.

Bauhaus-Poster mit geometrischen Formen, Ölturm und Text ENERGY NYSE — ConocoPhillips Bauhaus Poster mit geometrischen Formen, Sektor Text ENERGY und NYSE, ISIN US20825C1045, Illustration mit AI erstellt.

ConocoPhillips (ISIN US20825C1045) traded at EUR 126.01 at Lang & Schwarz on October 16, 2026, at 10:29 a.m. CEST. The immediate catalyst was Morgan Stanley raising its price target from USD 151.00 to USD 159.00 on October 15, 2026, while maintaining an Overweight rating, as Markets Insider reported.

Target rises ahead of results

The revised target puts the focus on ConocoPhillips' third-quarter update and its preliminary plans for 2027. Morgan Stanley said those plans would be a key focus during the upcoming reporting period, according to the October 15, 2026 report by Markets Insider.

The company entered this review period with second-quarter revenue of USD 19.161 billion, net income of USD 3.931 billion and diluted earnings per share of USD 3.23 for the period ended June 30, 2026. Revenue was up 36.00 percent from the second quarter of 2025, while net income doubled, based on the period summary from Simply Wall St.

What does the record mean for margins?

The latest quarterly figures show why the next report matters: revenue growth was accompanied by a net margin of 20.00 percent in the second quarter, compared with 14.00 percent a year earlier. The same report said quarterly revenue came in 1.40 percent below estimates, while earnings per share exceeded estimates by 6.10 percent. That combination leaves production, commodity prices and capital allocation as important measures for the next update.

Three dated company developments

On August 6, 2026, ConocoPhillips reported second-quarter earnings of USD 3.9 billion, or USD 3.23 per share, according to Business Wire. On August 6, 2026, the company also announced a leadership succession plan naming Andy O'Brien president and chief executive officer, with Ryan Lance moving to transitional executive chair. On October 15, 2026, Morgan Stanley raised its target from USD 151.00 to USD 159.00.

Next reporting date

ConocoPhillips is scheduled to hold its third-quarter earnings conference call on November 5, 2026, according to the company notice carried by Business Wire. The date gives investors a defined checkpoint for production, cash flow and the company's 2027 planning comments.

Price holds the investor lens

At EUR 126.01, the Lang & Schwarz quote gives German investors a current euro reference for ConocoPhillips stock as the market weighs the higher USD 159.00 target against the upcoming earnings date. The company's primary listing is on the NYSE, where the finance quote was USD 141.73 at 4:00 p.m. ET on October 15, 2026, with a market capitalization of USD 170.3 billion.

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