PBF Energy (PBF) Price Target Raised to $36

The share price of PBF Energy Inc. (NYSE:PBF) surged by 14.8% between January 7 and January 14, 2026, putting it among the Energy Stocks that Gained the Most This Week.

PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.

On January 14, Citi raised its price target on PBF Energy Inc. (NYSE:PBF) from $29 to $36, while keeping a ‘Neutral’ rating on the shares. The revised target, which indicates an upside potential of 11% from the current share price, comes as the firm updated its model for the latest commodity prices as part of its preview for Q4.

Earlier on January 12, Piper Sandler also raised its price target on PBF Energy Inc. (NYSE:PBF) while maintaining the stock’s ‘Overweight’ rating. Piper expects the US refining sector to witness the greatest near-term impact of the US action in Venezuela, as the Gulf Coast refineries are well-equipped to refine the sour crude coming from the South American country. The analyst believes there is potential to increase the current crude flow from Venezuela to the US from 200,000 barrels per day to over 400,000 barrels per day, driven by a combination of US involvement and sanctions relief.

PBF Energy Inc. (NYSE:PBF) was recently included among the 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela.

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READ NEXT: 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela and 11 Best Performing Energy Stocks in 2025.

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