TD Cowen raises target for Equinor stock from USD 38 to USD 41

Published on 10/01/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor stock costs EUR 36.49 on October 1, 2026, minus 1.06 percent versus EUR 36.88. Equinor's Q3 results are due October 27, 2026.

Fotorealistische Offshore-Ölplattform in rauer Nordsee mit Versorgungsschiff — Equinor ASA (NO0010096985) fördert Öl und Gas auf einer typischen Offshore-Plattform in der stürmischen Nordsee, Illustration mit AI erstellt.

TD Cowen raised its Equinor price target from USD 38.00 to USD 41.00 on September 28, 2026, while retaining a Hold rating, according to MarketBeat. Equinor stock was trading at EUR 36.49 at Lang & Schwarz on October 1, 2026 at 12:06 p.m. CEST, down 1.06 percent versus the prior close of EUR 36.88.

Target rises as ratings diverge

The TD Cowen move gives Equinor a higher dollar target, but the Hold rating keeps the message cautious. MarketScreener reported on September 18, 2026 that Bank of America upgraded Equinor from Neutral to Buy and raised its target from NOK 400.00 to NOK 465.00. The two calls point to a divided view of the energy producer after a strong run in the underlying shares.

The target revisions also show why currency matters. TD Cowen's USD 41.00 target and Bank of America's NOK 465.00 target are separate analyst views and cannot be compared directly with the Lang & Schwarz euro quote.

Buyback supports the capital return story

Equinor bought 535,701 of its own shares between September 14 and September 18, 2026, at an average NOK 419.46 per share, according to MarketScreener. The same disclosure said Equinor held 20,202,526 treasury shares, equal to 0.85 percent of share capital, after the transactions.

Equinor lists a USD 0.39 cash dividend for the second quarter of 2026 and a next payment date of November 25, 2026. The investor page also schedules the third-quarter 2026 results for October 27, 2026, followed by an analyst conference on October 28, 2026.

Stock trades below the prior close

The Lang & Schwarz quote places Equinor at EUR 36.49 on October 1, 2026 at 12:06 p.m. CEST, compared with a prior close of EUR 36.88. The minus 1.06 percent daily move gives the market reaction a clearer reference than the competing analyst targets, while the upcoming results date provides the next company-specific checkpoint.

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