MPLX (MPLX) Faces Mixed Analyst Ratings as Midstream Heads into 2026

MPLX LP (NYSE:MPLX) is one of the 11 Best Pipeline and MLP Stocks to Buy in 2026.

Analysts have mixed opinions on the stock. RBC Capital maintained the Buy rating on MPLX LP (NYSE:MPLX) with a price target of $60 on January 28, 2026. On the same day, Morgan Stanley’s Robert Kad released a report, maintaining a Hold on the stock while keeping a price target of $62. Prior to this, on January 23, 2026, Barclays analyst Theresa Chen maintained a Buy rating on MPLX LP (NYSE:MPLX) with a $55 price target.

It is also worth noting that, earlier last month, on January 5, 2026, Raymond James downgraded MPLX LP (NYSE:MPLX)’s rating from Outperform to Market Perform. As the firm recalibrated ratings for the midstream supplier group heading into 2026, analyst Justin Jenkins noted that midstream stocks performed well in 2025 and are entering 2026 with momentum. Justin noted that investors’ focus has shifted to execution, with stock preferences based on the company’s ability to turn favorable industry trends into actual cash flow.

Founded in 2012, MPLX LP (NYSE:MPLX) is a diversified master limited partnership formed by Marathon Petroleum Corporation. It owns and operates midstream energy infrastructure and logistics assets across the United States, from its headquarters located in Ohio.

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