Should You Buy BP PLC (BP) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner long-term investor who is impatient. BP’s trend is bullish, but the stock is extended/overbought (RSI_6 ~78) and sitting near resistance, while positioning signals are mixed-to-negative (hedge funds selling heavily and Congress net selling). With no Intellectia buy signals today, the risk/reward at $37.74 is not attractive enough to justify buying immediately; a better entry would typically come after a pullback closer to the $36.26 pivot or below.
Technical Analysis
Trend is bullish: SMA_5 > SMA_20 > SMA_200 confirms an uptrend, and MACD histogram (+0.322) is positive and expanding (momentum still up). However, RSI_6 at ~77.99 suggests the stock is overbought/extended short-term, raising the odds of a pause or pullback. Key levels: Pivot support ~36.263 (then S1 ~35.05), resistance R1 ~37.476 (price is slightly above), then R2 ~38.225. Near-term upside may be capped unless it cleanly breaks and holds above ~38.225.
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock today.
Analyst Ratings and Price Target Trends
Recent analyst trend is mixed-to-cautious. Multiple firms trimmed price targets in January (Scotiabank to $41 from $43; Piper to $43 from $44; Morgan Stanley lowered to 415 GBp; Evercore downgraded to In Line with $38 PT), reflecting macro/commodity and transition concerns. There are still positives (Barclays kept Overweight and raised PT in Dec; some Buy/Overweight ratings remain), but overall Wall Street looks split:
Pros: resilient free cash flow narrative (per prior commentary), improving margins, potential refining tailwinds in 2026 for some scenarios, earnings catalyst upcoming.
Cons: elevated commodity leverage, bearish crude outlook risk, CEO transition uncertainty, and several neutral/hold stances plus at least one underperform downgrade (BofA).
Wall Street analysts forecast BP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BP is 84.26 USD with a low forecast of 6.38 USD and a high forecast of 503.69 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast BP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BP is 84.26 USD with a low forecast of 6.38 USD and a high forecast of 503.69 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 37.620
Current: 37.620
