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Piper Sandler sets $207 price target for Chevron amid strong oil market and rising crude prices.

Analyst Insights
23 Jul 2026
Tony Dante
View Source
Bullish
pluang ai news

Piper Sandler has set a bullish price target of $207 for Chevron, suggesting a 7.27% upside from its current price of around $193. This optimism is driven by a strong energy market, rising crude oil prices due to geopolitical tensions, and expectations that Chevron will beat its second-quarter earnings estimates. Higher oil prices, potentially exceeding $120 per barrel for Brent crude, are boosting Chevron's financial outlook and production demand. The positive market environment supports Chevron's growth prospects in the near term.

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