Shell price target raised to $80 from $78 at TD Cowen on trading results

Investing.com - TD Cowen has raised its price target on Shell Plc. (NYSE:SHEL) to $80.00 from $78.00 while maintaining a Buy rating on the stock. The energy giant, currently trading at $74.32 and near its 52-week high of $75.08, has demonstrated strong financial health according to InvestingPro analysis.

The firm increased its third-quarter 2025 earnings per share estimate to $1.74, up from its previous estimate of $1.45 and above the consensus estimate of $1.48.

TD Cowen attributed the upward revision primarily to higher integrated gas trading results, stronger performance in the Marketing and Renewable segments, and lower corporate costs.

The research firm noted it remains hesitant to extrapolate the higher integrated gas trading results to future earnings periods, suggesting these gains may be temporary.

TD Cowen expects Shell to announce another $3.5 billion quarterly share buyback program when the company reports its earnings.

In other recent news, Shell Plc’s third-quarter Trading Statement has led Piper Sandler to raise its price target for the company to $87 from $82, maintaining an Overweight rating. The firm described the results as stronger than expected, addressing concerns from the second quarter. Meanwhile, Wolfe Research has downgraded Shell from Outperform to Peerperform, expressing concerns about the company’s debt levels and share buyback strategy. This downgrade was not related to the recent trading statement but rather focused on broader financial issues.

Piper Sandler has also reiterated its Overweight rating with a previous target of $82, citing improvements in capital allocation and strategic clarity. The firm noted that Shell’s message continues to resonate with investors despite mixed sentiment in the energy sector. Melius Research has initiated coverage on Shell with a Hold rating and a $70 price target, highlighting the company’s diversified operational structure. These developments reflect varied perspectives on Shell’s financial strategies and market position.

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