TD Cowen Cuts Price Target on TotalEnergies (TTE). Here is Why

With an average upside potential of 32.15% according to Wall Street analysts, TotalEnergies SE (NYSE:TTE) is included among the 10 Most Promising Energy Stocks to Buy Now.

TD Cowen Cuts Price Target on TotalEnergies (TTE). Here is Why

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energies.

On July 2, TD Cowen trimmed its price objective on TotalEnergies SE (NYSE:TTE) from $106 to $102, but reaffirmed a ‘Buy’ rating on the shares. The lowered target, which still implies an upside potential of almost 31% from the current levels, comes after the firm revised its estimates in the oil majors space as part of a Q2 earnings preview.

According to the analyst, the recent “rapid correction” in crude oil prices and equities following the signing of an MoU between the US and Iran has created “pockets of opportunity” in the energy sector. TD Cowen noted that it favors Shell, Chevron, and TotalEnergies as we head into the second-quarter earnings season.

Meanwhile, earlier on June 23, CICC launched coverage of TotalEnergies SE (NYSE:TTE) with an ‘Outperform’ rating and a price target of €90 (read more details here).

Antipodes Global Strategy stated the following regarding TotalEnergies SE (NYSE:TTE) in its Q1 2026 investor letter:

“TotalEnergies SE (NYSE:TTE) surged higher towards the end of the Quarter supported by volatile and elevated oil prices, which lifted earnings expectations and cash flow outlook. Heightened geopolitical tensions drove sharp swings in Brent Crude, benefiting integrated energy producers with strong upstream leverage. The rally was reinforced by solid CY25 results and constructive 2026 guidance, including expected production growth, rising LNG volumes and continued expansion in integrated power, which further underpinned investor confidence.”

While we acknowledge the risk and potential of TTE 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 TTE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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