Finance

PSX Could Rally 9% After Analysts Publish 10 Top Forecasts

Phillips 66 could lead a broader move higher after Benzinga's April 24, 2026 roundup of 10 top analyst forecasts for PSX and related stocks. Avi Kapoor profiles the street's latest price-target shifts, with PSX near a $159.60 close as Morgan Stanley sets a $174 target.

📅 April 24, 2026
⏱️ 2 min read
PSX Could Rally 9% After Analysts Publish 10 Top Forecasts

Key Takeaways

  • Morgan Stanley sets PSX at $174, signaling upside from the current price around $159.60.
  • The Benzinga piece surveys 10 top analyst forecast revisions across Friday's energy and industrials names.
  • Price targets updated include APLD ($48), URI ($1,100), ROP ($540), TMO ($639), TPR ($180), CSX ($47), LUV ($36.10), PODD ($220), and DKNG ($27).
  • The roundup shows a mix of upgrades and downgrades, signaling diverse sector sentiment.
  • Analysts named include Morgan Stanley, Piper Sandler, Needham, MoffettNathanson, BTIG, Baird, HSBC, and Rothschild & Co.

People Involved

  • Avi Kapoor Benzinga Staff Writer
  • Erin Wright Morgan Stanley Analyst
  • Clarke Jeffries Piper Sandler Analyst
  • John Todaro Needham Analyst
  • Robert Fishman MoffettNathanson Analyst
  • Robert Drbul BTIG Analyst
  • Catherine Schulte Baird Analyst
  • Dan Moore Baird Analyst
  • Mircea Dobre Baird Analyst
  • Achal Kumar HSBC Analyst
  • Issie Kirby Rothschild & Co Analyst

Entities Involved

  • Phillips 66 (PSX) Energy company; focus of upgrade cycle
  • Morgan Stanley Investment bank; setting PSX target
  • Piper Sandler Investment bank; guidance contributor
  • Needham Investment bank; guidance contributor
  • MoffettNathanson Investment research firm; guidance contributor
  • BTIG Broker-dealer; guidance contributor
  • Baird Investment bank; guidance contributor
  • HSBC Banking and financial services; guidance contributor
  • Rothschild & Co Investment bank; guidance contributor
  • Applied Digital Corp (APLD) Target update
  • CSX Corp (CSX) Target update
  • Southwest Airlines (LUV) Target update
  • Insulet Corp (PODD) Target update
  • Roper Technologies (ROP) Target update
  • Thermo Fisher Scientific (TMO) Target update
  • Tapestry Inc (TPR) Target update
  • DraftKings Inc (DKNG) Target update
  • United Rentals (URI) Target update

MarketMoodz Analysis

The price-target roundup serves as a quick read on near-term momentum for PSX and related energy stocks. With Morgan Stanley's $174 target, investors can infer a potential upside of roughly 9% from current levels around $159.60, assuming no material shifts in oil prices or refining margins. The breadth of revisions across energy and industrials also hints at broader sector sentiment that could influence risk budgets and hedging decisions.

Historically, such cross-section forecast rounds tend to reflect evolving views on refining cycles, crude prices, and demand patterns. In PSX's case, this framing sits against an energy backdrop where margins and commodity prices have a direct influence on earnings, making the dispersion of targets a useful gauge of consensus versus conviction. Investors should watch next week’s price action, PSX's own results if any, and how refiners respond to crude-price moves.

What to watch next: monitor PSX's trading around the $174 target, track changes in crude and refining margins, and observe broader energy-sector rotations that could confirm a sustained move or a pullback.

Source: Original Article

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