Goldman Sachs Raises Oil Price Forecasts – Picks 7 Winners Among Energy Stocks

Goldman Sachs has raised its oil price forecasts, now expecting Brent crude to average $80, $100, $90, and $80 per barrel for the 2026 quarters, up from previous estimates. The bank has identified seven energy stocks as potential winners, including Permian Resources Corp. with a new price target of $23 (15% upside), Viper Energy Inc. with a target of $61 (29% upside), and ConocoPhillips, which is on Goldman’s US Conviction List with a target of $144 (16% upside). Other notable mentions include Chevron Corp. with a target of $217 and Cenovus Energy Inc. with an estimated 25% total return.