Piper Sandler Maintains a Buy on ​ConocoPhillips (COP), Keeps the PT

​ConocoPhillips (NYSE:COP) is one of the Best Very Cheap Stocks to Invest In. On November 24, Ryan Todd from Piper Sandler reiterated a Buy rating on ConocoPhillips (NYSE:COP) with a $115 price target. Earlier, Devin McDermott from Morgan Stanley had also reiterated a Buy rating on the stock but lowered the price target from $122 to $117.

​The ratings follow the company’s fiscal Q3 2025 results, announced on November 6. During the quarter, revenue grew by 14.10% to $15.52 billion, surpassing estimates by $893.56 million. The EPS of $1.61 also topped estimates by $0.20. Management attributed growth to total company production of 2,399 thousand barrels of oil equivalent per day and Lower 48 production of 1,528 MBOED.

​Notably, ConocoPhillips (NYSE:COP) raised its full-year production guidance to 2.375 MMBOED, compared to prior guidance of 2.35 to 2.37 MMBOED. In addition, the full-year adjusted operating cost guidance was lowered to $10.6 billion versus prior guidance of $10.7 to $10.9 billion.

​ConocoPhillips (NYSE:COP) explores, produces, transports, and markets various energy resources such as crude oil, natural gas, natural gas liquids, and liquefied natural gas. It operates in several regions, including Alaska, the contiguous United States, Canada, Europe, the Middle East, North Africa, Asia Pacific, and other international locations.

While we acknowledge the potential of COP 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.