---
title: "Analyst Reiterates Buy on Exxon Mobil, Keeps $172 Price Target Amid Near-Term Middle East Pressures"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285706779.md"
description: "Analyst Jason Gabelman from TD Cowen has reiterated a Buy rating on Exxon Mobil, maintaining a price target of $172. He cites the company's resilient long-term strategy and attractive valuation metrics, despite short-term pressures from Middle East disruptions. Gabelman believes Exxon Mobil's free cash flow yield and return profile for 2026-2027 remain compelling. He emphasizes that management's long-term plans are unchanged, and the stock could outperform benchmarks once regional issues ease. Argus Research also assigned a Buy rating with a $169 price target."
datetime: "2026-05-08T10:01:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285706779.md)
  - [en](https://longbridge.com/en/news/285706779.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285706779.md)
---

# Analyst Reiterates Buy on Exxon Mobil, Keeps $172 Price Target Amid Near-Term Middle East Pressures

Analyst Jason Gabelman from TD Cowen maintained a Buy rating on Exxon Mobil and keeping the price target at $172.00.

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Jason Gabelman has given his Buy rating due to a combination of factors, including Exxon Mobil’s resilient long-term strategy and attractive valuation metrics. While short-term earnings and production are pressured by Middle East disruptions, he emphasizes that the company’s free cash flow yield and return profile in 2026–2027 remain compelling versus peers, supporting a favorable risk-reward outlook.

He also notes that management’s long-term plans are essentially unchanged despite near-term volatility, and that locked-in optimization and future cargo deliveries could allow the stock to outperform benchmarks once regional issues ease. Although the stock may trail other energy names during the conflict due to higher exposure and damaged Qatari LNG assets, the unchanged $172 price target reflects confidence that production recovery, disciplined capital allocation, and sustained shareholder returns will ultimately drive upside.

In another report released on May 6, Argus Research also assigned a Buy rating to the stock with a $169.00 price target.

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