Shell (SHEL) Price Target Raised by $31

With an annual dividend yield of 3.24%, Shell plc (NYSE:SHEL) is included among the 10 Best Fortune 500 Dividend Stocks to Invest in Right Now.

Shell (SHEL) Price Target Raised by $31

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

On April 22, Scotiabank analyst Betty Zhang lifted the firm’s price target on Shell plc (NYSE:SHEL) from $91 to $122, while maintaining an ‘Outperform’ rating on the shares. The raised target, which reflects an upside of almost 37% from the current price levels, comes as the analyst firm adjusted its price targets for the U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage.

Scotiabank presented a mixed outlook on the sector, with its earnings forecasts generally above consensus for the E&P peer group but below consensus for the independent refiners. Beyond the ongoing quarter, the firm believes investors will focus on whether the ongoing Middle East conflict will lead to any changes in activity levels in 2026 and beyond.

Shell plc (NYSE:SHEL) is set to report its Q1 2026 results on May 7.

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