TD Cowen cuts target for TotalEnergies stock from USD 108 to USD 105
Published on 10/14/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStrategy and analyst signals
- TD Cowen reduced its target from USD 108 to USD 105 on October 13, 2026.
- TotalEnergies targets 4 percent annual energy production growth through 2030.
- TotalEnergies stock traded at EUR 80.17 at 1:49 p.m. CEST on October 14, 2026, 0.34 percent above the Xetra close of October 13, 2026.
TotalEnergies (ISIN FR0000120271) was trading at EUR 80.17 at Lang & Schwarz on October 14, 2026, 0.34 percent above the Xetra close of October 13, 2026 at EUR 79.90. TD Cowen lowered its price target for TotalEnergies from USD 108 to USD 105 on October 13, 2026, according to Markets Insider.
Analyst target resets valuation
The cut followed TotalEnergies' Investor Day and reflected lower 2025 baseline assumptions, while TD Cowen said large projects were mostly reiterated. The USD 105 target remains above the euro reference price, but the currencies are different and are not combined into a return calculation.
For operating context, TotalEnergies reported USD 57.10 billion of revenue and USD 2.68 of earnings per share in the second quarter of 2026, according to MarketBeat. The same report says Erste Group raised its fiscal 2026 earnings-per-share estimate from USD 10.99 to USD 11.96 on October 8, 2026.
Three dated signals
On September 28, 2026, TotalEnergies set a target of 4 percent annual energy production growth through 2030 and authorized USD 2.50 billion of share buybacks for the fourth quarter of 2026, as stated in its TotalEnergies release. On October 8, 2026, Erste Group lifted its fiscal 2026 earnings-per-share estimate from USD 10.99 to USD 11.96, according to MarketBeat. On October 13, 2026, TD Cowen cut its target from USD 108 to USD 105, as reported by Markets Insider.
What does the strategy target?
The strategy combines production growth with shareholder returns. TotalEnergies expects free cash flow to increase by USD 10.00 billion from 2025 to 2030 at the same price assumptions, while net investments are planned at USD 14.00 billion to USD 17.00 billion annually from 2027 through 2032, according to TotalEnergies. The board also targets dividend growth of more than 5 percent per year through 2030.
Dates for the next catalysts
TotalEnergies is scheduled to publish third-quarter 2026 results on October 29, 2026, followed by the ex-dividend date for the second interim dividend on December 31, 2026, according to the company's TotalEnergies shareholder calendar.
Price stays above Xetra close
The stock's 52-week range is EUR 51.25 to EUR 81.29, while market capitalization is EUR 178.1 billion, both as of October 14, 2026. TotalEnergies is an integrated energy company spanning oil, gas, electricity and low-carbon businesses.
TotalEnergies was trading at EUR 80.17 at Lang & Schwarz on October 14, 2026 at 1:49 p.m. CEST, 0.34 percent above the Xetra close of October 13, 2026 at EUR 79.90. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.
TotalEnergies stock facts
- Company: TotalEnergies SE
- ISIN: FR0000120271
- Ticker: TTE
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 14, 2026, 1:49 p.m. CEST): EUR 80.17
- Change versus Xetra close: plus 0.34 percent
- Xetra close (October 13, 2026): EUR 79.90
- Market capitalization: EUR 178.1 billion (as of October 14, 2026)
- 52-week range: EUR 51.25-EUR 81.29 (as of October 14, 2026)
- Sector / Industry: Energy / Oil & Gas Integrated
Market context: Market report Euro Stoxx 50.
