TotalEnergies (TTE) Stock Forecast & Price Target

$62.75 +0.97 (+1.57%)

(As of 11/7/2024 ET)

TotalEnergies - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
5

Buy
3

Based on 8 Wall Street analysts who have issued ratings for TotalEnergies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 5 have given a hold rating, 1 has given a buy rating, and 2 have given a strong buy rating for TTE.

Consensus Price Target

$78.75
25.50% Upside

According to the 8 analysts' twelve-month price targets for TotalEnergies, the average price target is $78.75. The highest price target for TTE is $87.00, while the lowest price target for TTE is $74.00. The average price target represents a forecasted upside of 25.50% from the current price of $62.75.

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TTE Analyst Ratings Over Time

Type	Current Forecast 11/9/23 to 11/8/24	1 Month Ago 10/10/23 to 10/9/24	3 Months Ago 8/11/23 to 8/10/24	1 Year Ago 11/9/22 to 11/9/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$78.75	$80.00	$76.00	$63.50
Forecasted Upside	25.50% Upside	17.58% Upside	13.20% Upside	-2.38% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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TTE 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.

TTE 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.

TotalEnergies Stock vs. The Competition

Type	TotalEnergies	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.63	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	25.50% Upside	1,747.67% Upside	7.42% Upside
News Sentiment Rating	Neutral News See Recent TTE News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$80.00 ➝ $75.00	+9.79%
10/9/2024	UBS Group 4 of 5 stars	H. Patricot Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/3/2024	The Goldman Sachs Group 2 of 5 stars	M. Vigna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Rainforth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Gabelman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$87.00	+26.93%
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4/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$75.00 ➝ $79.00	+9.97%
11/29/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/30/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral ➝ Neutral
7/20/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	$65.00 ➝ $60.00	+2.35%
3/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
1/19/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christian Malek Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	€68.00 ➝ €73.00
12/14/2022	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
12/7/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		€54.90 ➝ €60.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:42 AM ET.

Should I Buy TotalEnergies Stock? TTE 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 Monday, October 28, 2024. Please send any questions or comments about these TotalEnergies pros and cons to contact@marketbeat.com.

TotalEnergies
Bull Case

Here are some ways that investors could benefit from investing in TotalEnergies SE:

TotalEnergies SE has a diverse energy portfolio, including oil, biofuels, natural gas, renewables, and electricity, providing exposure to multiple sectors within the energy industry.
Despite missing the consensus EPS estimate in the last quarter, TotalEnergies SE has shown resilience with a strong net margin of 9.49% and a return on equity of 17.92%, indicating solid financial performance.
Recent institutional investments in TotalEnergies SE, such as Vanguard Personalized Indexing Management LLC increasing its stake by 20.5%, demonstrate confidence from major players in the market.
TotalEnergies SE's stock price has shown stability and growth potential, with a 1-year high of $74.97, indicating positive momentum in the market.
Analysts' average price target of $80.00 for TotalEnergies SE suggests potential upside, aligning with the current market sentiment and future growth prospects.

TotalEnergies
Bear Case

Investors should be bearish about investing in TotalEnergies SE for these reasons:

TotalEnergies SE reported lower-than-expected revenue in the last quarter, which may indicate potential challenges in meeting revenue targets and market expectations.
The company's EPS of $1.98 for the quarter missed the consensus estimate, reflecting possible volatility in earnings performance that could impact investor confidence.
Downgrades from research firms, such as TD Cowen changing TotalEnergies SE's rating from "strong-buy" to "hold," may signal concerns about the company's future growth prospects.
TotalEnergies SE's beta of 0.64 suggests lower volatility compared to the market average, potentially limiting short-term trading opportunities for investors seeking higher risk-reward profiles.
The company's price-to-earnings-growth ratio of 1.78 indicates that the stock may be slightly overvalued relative to its growth prospects, which could lead to a correction in the stock price.

TTE Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for TotalEnergies is $78.75, with a high forecast of $87.00 and a low forecast of $74.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TotalEnergies in the last year. There are currently 5 hold ratings, 1 buy rating and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TTE shares.
: According to analysts, TotalEnergies's stock has a predicted upside of 25.50% based on their 12-month stock forecasts.
: Over the previous 90 days, TotalEnergies's stock had 3 upgrades and 1 downgrade by analysts.
: TotalEnergies has been rated by research analysts at Barclays, Scotiabank, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like TotalEnergies less than other "oils/energy" companies. The consensus rating score for TotalEnergies is 2.63 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how TTE compares to other companies.

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This page (NYSE:TTE) was last updated on 11/8/2024 by MarketBeat.com Staff

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TotalEnergies (TTE) Stock Forecast & Price Target