Morgan Stanley raised its price target for TotalEnergies SE by $10 [1].
This adjustment reflects the firm's confidence in the company's financial trajectory after a period of significant growth. Analysts often use price targets to signal the expected future value of a stock based on current performance and market trends.
The price target increase occurred on May 12, 2024 [4]. TotalEnergies SE is listed on the New York Stock Exchange under the ticker TTE [1].
Reports said Morgan Stanley cited strong fiscal first-quarter 2026 earnings as the primary driver for the update [3]. The company reported an adjusted net income of $5.4 billion [2] for that period. This figure represents a 29% year-on-year growth rate [3].
These results exceeded analyst expectations, contributing to the positive outlook from Morgan Stanley [3]. The energy sector continues to face volatility, but the reported growth suggests TotalEnergies has maintained a strong operational footing during the start of the 2026 fiscal year.
While some reports highlight the price target increase, other sources said Morgan Stanley maintains a buy rating on the stock without explicitly detailing the specific dollar increase in every update [1].
“Morgan Stanley raised its price target for TotalEnergies SE by $10.”
The price target increase indicates a bullish outlook from one of the world's leading investment banks. By linking the target raise to a 29% growth in net income, Morgan Stanley is signaling that TotalEnergies' current operational efficiency and earnings power are likely to drive the stock price higher, despite broader energy market fluctuations.
