Exxon Mobil Corporation (NYSE:XOM) is included among the 10 Best US Stocks to Invest in According to Billionaires.
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Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.
On May 11, Bernstein analyst Bob Brackett lowered the firm’s price target on Exxon Mobil Corporation (NYSE:XOM) from $195 to $182, but maintained an ‘Outperform’ rating on the shares. The revised target represents a downside of almost 21% from the current levels.
Bernstein acknowledges that the global oil market could take a multitude of paths in the current geopolitical scenario, including the extreme possibility that the Hormuz waterway could remain closed for years. However, the firm updated its models assuming a return to normal conditions by the mid of this year.
On the other hand, UBS turned more bullish on Exxon Mobil Corporation (NYSE:XOM) and raised its price target on the stock on May 4 (read more details here).
Exxon Mobil Corporation (NYSE:XOM) reported better-than-expected earnings in its Q1 results on May 1, helped by the higher output in Guyana and the Permian Basin. However, the company’s net income dropped to its lowest level in five years due to global supply disruptions amid the Middle East conflict. The company revealed that around 15% of its production is impacted by the war.
While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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