Phillips 66 (PSX) Stock Forecast & Price Target

$243.34 +0.47 (+0.19%)

As of 08/21/2026 03:58 PM Eastern

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Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
8

Buy
14

Based on 22 Wall Street analysts who have issued ratings for Phillips 66 in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 8 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for PSX.

Consensus Price Target

$206.56
-15.12% Downside

According to the 22 analysts' twelve-month price targets for Phillips 66, the average price target is $206.56. The highest price target for PSX is $255.00, while the lowest price target for PSX is $147.00. The average price target represents a forecasted downside of -15.12% from the current price of $243.34.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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PSX Analyst Ratings Over Time

Type	Current Forecast 8/24/25 to 8/24/26	1 Month Ago 7/25/25 to 7/25/26	3 Months Ago 5/26/25 to 5/26/26	1 Year Ago 8/24/24 to 8/24/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$206.56	$200.44	$188.94	$136.20
Forecasted Upside	-15.12% Downside	-3.14% Downside	8.55% Upside	4.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

PSX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Phillips 66 Stock vs. The Competition

Type	Phillips 66	Energy Companies	Broader Market
Consensus Rating Score	2.68	2.42	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-15.12% Downside	32.98% Upside	12.34% Upside
News Sentiment Rating	Positive News See Recent PSX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/12/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C) ➝ Buy (B)
8/10/2026	Piper Sandler 2 of 5 stars	John Royall Not Rated	Boost Target	Neutral	$208.00 ➝ $209.00	+2.43%
8/6/2026	Citigroup 4 of 5 stars	Vikram Bagri Not Rated	Reiterated Rating	Neutral
8/6/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Margolin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$201.00 ➝ $239.00	+18.20%
8/6/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Theresa Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$183.00 ➝ $216.00	+6.82%
8/6/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Gabelman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$240.00 ➝ $255.00	+26.11%
7/27/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Manav Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$212.00 ➝ $235.00	+14.21%
7/22/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Neil Mehta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$207.00 ➝ $235.00	+10.80%
7/13/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Justin Jenkins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$218.00 ➝ $235.00	+20.53%
7/9/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lloyd Byrne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$191.00 ➝ $207.00	+9.46%
Get the Latest News and Ratings for PSX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Phillips 66 and its competitors with MarketBeat's FREE daily newsletter.
7/6/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
6/12/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Erin Wright Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$180.00 ➝ $196.00	+9.97%
5/27/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform
5/27/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$170.00 ➝ $212.00	+21.79%
5/14/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$185.00 ➝ $197.00	+14.37%
5/13/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$195.00 ➝ $215.00	+23.46%
4/30/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$188.00 ➝ $202.00	+12.59%
4/30/2026	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Zhang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$140.00 ➝ $151.00	-6.04%
4/6/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$187.00 ➝ $193.00	+9.92%
9/19/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$130.00 ➝ $170.00	+30.60%
9/3/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jean Ann Salisbury Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$144.00 ➝ $147.00	+9.84%
6/18/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Prisco Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Neutral
6/18/2025	Compass Point Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:34 AM ET.

Should I Buy Phillips 66 Stock? PSX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, August 14, 2026. Please send any questions or comments about these Phillips 66 pros and cons to contact@marketbeat.com.

Phillips 66
Bull Case

Here are some ways that investors could benefit from investing in Phillips 66:

The company recently reported revenue significantly exceeding analysts' expectations, indicating strong operational performance and potential for future growth.
Phillips 66 has initiated a substantial stock buyback program, which suggests that management believes the stock is undervalued, potentially leading to an increase in share price.
The current stock price is around $206.50, reflecting a positive market sentiment and strong analyst ratings, with many recommending it as a "buy."
Recent strong refining margins and cash flow have positioned Phillips 66 favorably within the industry, contributing to robust profitability.
The company has declared a quarterly dividend of $1.27 per share, providing a steady income stream for investors, with a yield of approximately 2.5%.

Phillips 66
Bear Case

Investors should be bearish about investing in Phillips 66 for these reasons:

Despite strong recent performance, the oil and gas sector is subject to volatility, which can impact stock prices and investor returns.
The company's net margin is relatively modest, which may limit profitability compared to competitors in the industry.
Market conditions, including geopolitical factors and supply chain disruptions, can adversely affect refining margins and overall business performance.
While the stock buyback program is a positive signal, it also indicates that the company may not have sufficient growth opportunities to reinvest its capital effectively.
Analysts have mixed ratings, with some maintaining a "neutral" stance, suggesting that there may be uncertainty regarding the stock's future performance.

PSX Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Phillips 66 is $206.56, with a high forecast of $255.00 and a low forecast of $147.00.

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 8 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSX shares.

According to analysts, Phillips 66's stock has a predicted downside of -15.12% based on their 12-month stock forecasts.

Over the previous 90 days, Phillips 66's stock had 3 upgrades and 1 downgrade by analysts.

Phillips 66 has been rated by research analysts at Barclays, Citigroup, Guggenheim, Jefferies Financial Group, Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Phillips 66 more than other "energy" companies. The consensus rating for Phillips 66 is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how PSX compares to other companies.

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This page (NYSE:PSX) was last updated on 8/24/2026 by MarketBeat.com Staff.

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Phillips 66 (PSX) Stock Forecast & Price Target

Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PSX Analyst Ratings Over Time

PSX Analyst Recommendations By Month

PSX Price Targets by Month

Phillips 66 Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Phillips 66 Stock? PSX Pros and Cons Explained

Phillips 66
Bull Case

Phillips 66
Bear Case

PSX Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With Phillips 66 Recommendations

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Phillips 66 (PSX) Stock Forecast & Price Target

Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PSX Analyst Ratings Over Time

PSX Analyst Recommendations By Month

PSX Price Targets by Month

Phillips 66 Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Phillips 66 Stock? PSX Pros and Cons Explained

Phillips 66 Bull Case

Phillips 66 Bear Case

PSX Forecast - Frequently Asked Questions

What is Phillips 66's forecast for 2026?

Should I buy or sell Phillips 66 stock right now?

Does Phillips 66's stock price have much downside?

Has Phillips 66 been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Phillips 66?

Do Wall Street analysts like Phillips 66 more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Phillips 66 Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Phillips 66
Bull Case

Phillips 66
Bear Case