Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

02. Exxon Mobil Corporation (NYSE:XOM)

Upside Potential: 31%

On May 7, UBS Group raised its price target for Exxon Mobil Corporation (NYSE:XOM), a major energy company, from $150 to $152 while maintaining a Buy rating in a research report. ExxonMobil’s current market price is $116.58, indicating an upside potential of 31% following the upgrade. The company’s recent addition of Maria Jelescu Dreyfus to its board highlights its focus on strategic growth and financial stability, elements that are key for investors. ExxonMobil’s market capitalization of $458.26 billion and forward-looking P/E ratio of 13.16 demonstrate its strong market position and potential for sustained profitability. Exxon Mobil Corporation (NYSE:XOM) consistent dividend track record is a notable aspect for investors, as the company has raised its dividend for 41 consecutive years and maintained dividend payments for an impressive 54 years. This level of consistency underlines ExxonMobil’s commitment to providing returns to shareholders, even amid the challenges and fluctuations inherent in the energy sector. In addition to its dividend reliability, ExxonMobil’s stock is known for its low price volatility, making it an appealing choice for investors seeking stability in their portfolios. Given the company’s resilience and long-standing history in the industry, Exxon Mobil Corporation (NYSE:XOM) remains a solid investment option for those interested in the energy market.