TD Cowen raised target for ExxonMobil stock to USD 180.00

Published on 10/13/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 GAAP earnings were USD 14.5 billion. ExxonMobil stock was EUR 154.52 on October 13, 2026, between a EUR 154.36 bid and EUR 154.68 ask.

TD Cowen raised its ExxonMobil price target from USD 168.00 to USD 180.00 and kept a Buy rating on September 28, 2026.
ExxonMobil reported USD 14.5 billion in GAAP earnings and USD 14.7 billion in adjusted earnings for the second quarter of 2026.
The Lang & Schwarz price stood at EUR 154.52 on October 13, 2026, while the NYSE market capitalization was USD 713.5 billion on October 12, 2026.
ExxonMobil is scheduled to report third-quarter 2026 results on October 30, 2026.

ExxonMobil, US30233Q1085, Illustration mit AI erstellt.

TD Cowen raised its ExxonMobil target from USD 168.00 to USD 180.00 and kept a Buy rating in a research note dated September 28, 2026, as reported by Ground News. The stock was at EUR 154.52 at Lang & Schwarz on October 13, 2026 at 11:18 a.m. CEST.

Second-quarter earnings set the base

For the second quarter of 2026, ExxonMobil reported USD 14.5 billion in GAAP earnings, USD 14.7 billion in adjusted earnings and USD 23.6 billion in cash flow from operations, according to ExxonMobil. The figures give the target increase a cash-flow backdrop rather than a purely valuation-driven rationale.

MarketBeat reported quarterly revenue of USD 114.53 billion for the same period against estimates of USD 109.94 billion, a USD 4.59 billion difference, while earnings per share came in at USD 3.52 against a USD 3.56 consensus estimate, on October 12, 2026. MarketBeat supplied the comparison.

Three events explain the setup

On July 31, 2026, ExxonMobil reported the second-quarter earnings and operating cash flow figures above, according to ExxonMobil. On September 15, 2026, the company announced cash tender offers covering USD 1.10 billion of 2030 notes and USD 1.00 billion of 2031 notes, also listed by ExxonMobil.

On September 28, 2026, TD Cowen moved its target from USD 168.00 to USD 180.00 and retained Buy, according to Stock Analysis. The sequence puts operating delivery, balance-sheet activity and analyst valuation in the same frame.

What does the target change mean for valuation

The USD 180.00 target is 4.56 percent above the USD 172.15 last NYSE price at 4:02 p.m. ET on October 12, 2026. ExxonMobil's market capitalization was USD 713.5 billion on that date, and its 52-week NYSE range was USD 110.39 to USD 176.41.

October reporting date approaches

ExxonMobil is scheduled to report third-quarter 2026 results on October 30, 2026, according to Gekko. That date will test whether the second-quarter earnings and cash-flow profile can support the higher USD 180.00 valuation reference.

Lang and Schwarz price holds the reference

The current euro quote was EUR 154.52 at Lang & Schwarz on October 13, 2026 at 11:18 a.m. CEST, with a EUR 154.36 bid and EUR 154.68 ask. The Xetra close used as the reference base could not be stated here, so the article carries the current quote without a daily percentage.

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