Analysts Get Bullish on Exxon Mobil (XOM)

Exxon Mobil Corporation (NYSE:XOM) is included among the 14 Best Oil and Gas Stocks to Buy According to Hedge Funds.

Analysts Get Bullish on Exxon Mobil (XOM)

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.

On May 27, Mizuho hiked its price target on Exxon Mobil Corporation (NYSE:XOM) from $159 to $175, but maintained its ‘Neutral’ rating on the shares. The target boost indicates an upside of 24% from the current share price.

According to Mizuho, the Middle East conflict can have a prolonged impact on the global oil prices and refining margins. As a result, it raised its oil price outlook for 2026 and 2027 by 25% and 6%, respectively. The firm also increased its forecast for US refining cracks by 61% and 51%.

Similarly, earlier on May 26, Barclays analyst Betty Jiang also lifted the firm’s price target on Exxon Mobil Corporation (NYSE:XOM) from $163 to $182, while keeping an ‘Overweight’ rating on the shares. The revision comes after the firm adjusted its rating and price targets across the integrated oil and E&P group.

With an impressive annual dividend yield of 2.84%, Exxon Mobil Corporation (NYSE:XOM) was also recently included in our list of the 12 Best Blue Chip Dividend Stocks to Buy Now.

While we acknowledge the risk and potential of XOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XOM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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