Analyst Christopher Kuplent of Bank of America Securities reiterated a Buy rating on TotalEnergies SE, retaining the price target of €62.00.
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Christopher Kuplent has given his Buy rating due to a combination of factors including TotalEnergies SE’s strong financial outlook and potential for significant upside. The company’s net debt is expected to decrease by another $5 billion in the fourth quarter of 2025, which would place it below the company’s target levels. This reduction in debt, combined with robust working capital inflows and proceeds from asset disposals, supports a positive financial trajectory.
Additionally, TotalEnergies SE offers a potential upside of over 15% to its current share price, which is more than any of its European Big Oil peers. The company’s strategic shift from Big Oil to Big Energy is expected to enhance its cash returns, with cash return yields projected to be higher than its peers. Despite concerns over potential buyback taxation in France, the risk of such legislation being enacted is considered low, providing further upside potential as uncertainties diminish.
According to TipRanks, Kuplent is a 2-star analyst with an average return of 0.1% and a 60.81% success rate. Kuplent covers the Energy sector, focusing on stocks such as Shell (UK), TotalEnergies SE, and BP p.l.c..
In another report released today, Citi also maintained a Buy rating on the stock with a €65.00 price target.