TD Cowen raises target for BP stock to USD 49.00

Published on 10/21/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 earnings per share reached USD 2.22 versus USD 1.87. BP stock costs EUR 7.38 on October 21, 2026.

BP targets and earnings context

TD Cowen set a USD 49.00 target for BP on October 20, 2026.
BP reported USD 2.22 earnings per share versus USD 1.87 expected in the second quarter of 2026.
BP stock traded at EUR 7.38 at 10:15 a.m. CEST on October 21, 2026, at Lang & Schwarz.

BP, GB0007980591, Illustration mit AI erstellt.

BP (ISIN GB0007980591) was trading at EUR 7.38 at Lang & Schwarz on October 21, 2026 at 10:15 a.m. CEST. According to Investing.com on October 20, 2026, TD Cowen raised its BP price target from USD 47.00 to USD 49.00 while keeping a Hold rating.

Three targets shaped the story

The latest analyst move followed a series of target changes. On September 25, 2026, HSBC raised its BP target from USD 46.00 to USD 51.30, as reported by Investing.com. On September 30, 2026, Wells Fargo lifted its target from USD 48.00 to USD 57.00, according to MarketBeat. On October 20, TD Cowen set the USD 49.00 target after raising its estimate from USD 47.00.

What does the target change mean?

The analyst focus rests on BP's second-quarter operating performance. BP reported earnings per share of USD 2.22 versus a USD 1.87 consensus estimate, while revenue reached USD 69.11 billion, up 106.1 percent from the prior-year quarter, according to MarketBeat. That comparison gives the target revision a company-specific earnings basis rather than making it only a valuation call.

A counter-factor is the quality of those earnings. BP said it expects up to USD 4.50 billion in third-quarter impairment charges, mainly affecting its gas and lower-carbon businesses, according to MarketBeat. The charge could offset part of the stronger refining and gas-trading backdrop highlighted by recent analyst notes.

Two dates set the next checkpoints

MarketBeat lists October 30, 2026 for BP's next quarterly results. Investing.com says BP will host an investor update on December 15, 2026.

BP stock keeps earnings in view

The shares carry a USD 129.5 billion market capitalization and a USD 33.01 to USD 50.27 52-week range as of October 20, 2026. BP stock was trading at EUR 7.38 at Lang & Schwarz on October 21, 2026 at 10:15 a.m. CEST.

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