10 October 2022 | Other

Wells Fargo pushes its price target for Exxon Mobil stocks

The Wells Fargo holding company's price target for Exxon Mobil Corp. has been hiked from $109 to $116. Meanwhile, its "above-market" rating held steady, according to data released Friday.

Wells Fargo analysts adjusted their forecasts, enhancing the oil corporation's quarterly earnings estimate. 

"We are increasing our earnings per share (EPS) / cash flow outlook for the third quarter of this year. This is due to higher performance in the oil exploration and production, along with energy and specialty materials segments. These indicators, in turn, are offset by lower performance in chemicals," the experts noted. 

Company MarketCheese
Period: 08.07.2025 Expectation: 3000 pips
Buying Bitcoin during consolidation before July growth wave with 110,000 target
Today at 11:09 AM 15
Period: 07.07.2025 Expectation: 2000 pips
Renewed tensions between Musk and Trump weigh on Tesla shares
Today at 08:33 AM 18
Period: 07.07.2025 Expectation: 1900 pips
SPX may retreat to 5,980 following all-time high
Yesterday at 10:08 AM 32
Gold sell
Period: 04.07.2025 Expectation: 5000 pips
Gold's six-month uptrend is under threat as prices test 3250 level
Yesterday at 09:30 AM 90
Period: 04.07.2025 Expectation: 750 pips
AUDCAD rises amid easing geopolitical tensions
27 June 2025 94
Period: 03.07.2025 Expectation: 800 pips
Weak dollar pushes GBPUSD to new highs
27 June 2025 70
Go to forecasts