On June 18, 2025, Evercore ISI Group, led by analyst Stephen Richardson, initiated coverage on Phillips 66 (PSX, Financial), assigning an "Outperform" rating. This move signifies a strong positive outlook for the stock's performance.
As part of the coverage initiation, Evercore ISI Group announced a price target of $130.00 USD for Phillips 66 (PSX, Financial). This target represents Evercore's future price expectation for the company's stock.
The coverage initiation and price target announcement by Evercore ISI Group is notable as it marks the beginning of their analytical coverage on Phillips 66 (PSX, Financial). Investors may view this as an important signal, considering Evercore's expert analysis in evaluating market opportunities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Phillips 66 (PSX, Financial) is $131.21 with a high estimate of $156.00 and a low estimate of $110.00. The average target implies an upside of 5.35% from the current price of $124.54. More detailed estimate data can be found on the Phillips 66 (PSX) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Phillips 66's (PSX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Phillips 66 (PSX, Financial) in one year is $109.23, suggesting a downside of 12.29% from the current price of $124.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Phillips 66 (PSX) Summary page.
