Piper Sandler Maintains a Buy on ​ConocoPhillips (COP), Keeps the PT

​ConocoPhillips (NYSE:COP) is one of the Best Very Cheap Stocks to Invest In. On November 24, Ryan Todd from Piper Sandler reiterated a Buy rating on ConocoPhillips (NYSE:COP) with a $115 price target. Earlier, Devin McDermott from Morgan Stanley had also reiterated a Buy rating on the stock but lowered the price target from $122 to $117.

​The ratings follow the company’s fiscal Q3 2025 results, announced on November 6. During the quarter, revenue grew by 14.10% to $15.52 billion, surpassing estimates by $893.56 million. The EPS of $1.61 also topped estimates by $0.20. Management attributed growth to total company production of 2,399 thousand barrels of oil equivalent per day and Lower 48 production of 1,528 MBOED.

​Notably, ConocoPhillips (NYSE:COP) raised its full-year production guidance to 2.375 MMBOED, compared to prior guidance of 2.35 to 2.37 MMBOED. In addition, the full-year adjusted operating cost guidance was lowered to $10.6 billion versus prior guidance of $10.7 to $10.9 billion.

​ConocoPhillips (NYSE:COP) explores, produces, transports, and markets various energy resources such as crude oil, natural gas, natural gas liquids, and liquefied natural gas. It operates in several regions, including Alaska, the contiguous United States, Canada, Europe, the Middle East, North Africa, Asia Pacific, and other international locations.

While we acknowledge the potential of COP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.