JPMorgan Lifts PT on Shell plc (SHEL) to 3,600 GBp From 3,400 GBp - Here's Why

Shell plc (NYSE:SHEL) is one of the best undervalued stocks to invest in right now.

JPMorgan lifted the price target on Shell plc (NYSE:SHEL) to 3,600 GBp from 3,400 GBp on March 2, maintaining an Overweight rating on the shares. The same day, Citi also lifted the price target on the stock to 2,950 GBp from 2,700 GBp, reaffirming a Neutral rating on the shares and stating that it sees “strong valuation support” for global energy names due to the Middle East war. The firm lifted price targets across the global integrated oil and gas group.

Separately, in its fiscal Q4 2025 results, Shell plc (NYSE:SHEL) announced that 2025 marked a year of accelerated momentum for the company, supported by strong operational and financial performance. Adjusted earnings for fiscal Q4 2025 were $3.3 billion and CFFO of $9.4 billion, supported by strong operational performance in Upstream and Integrated Gas in a lower price environment, offset by year-end movements. The company also reported a resilient CFFO of $42.9 billion for the full year of 2025.

Headquartered in London, Shell plc (NYSE:SHEL) produces oil and natural gas. The company’s operations are divided into the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.

While we acknowledge the potential of SHEL 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.

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