Phillips 66 Rose 11% This Week. Here’s Where the Stock Could Be Headed in 2026

Phillips 66 stock increased 11% this week, ending near $158 per share, driven by strong Q4 2025 earnings and renewed investor confidence in its cash flow durability. The company reported $2.9 billion in earnings and emphasized operational execution, record clean product yields in refining, and strong NGL transportation volumes in Midstream. Analysts have raised price targets, and a valuation model suggests the stock is undervalued with a target price of $185, representing a 17% upside over three years.

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