Shell, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Jason Gabelman from TD Cowen maintained a Buy rating on the stock and has a $82.00 price target.
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Jason Gabelman has given his Buy rating due to a combination of factors tied to Shell’s cash generation, valuation, and capital returns. Despite a recent earnings miss driven by both temporary items and weaker gas and marketing performance, he emphasizes that Shell still produces robust free cash flow and is committing to larger‑than‑expected share buybacks, supported by balance sheet capacity and disciplined leverage targets.
Gabelman also highlights Shell’s strategic approach to its long‑term liquids supply gap, arguing that recent deepwater acquisitions and promising organic projects in Nigeria and Angola allow the company to move deliberately on further M&A. While reserve metrics and a projected 2030s liquids shortfall remain investor concerns, he believes Shell has several years to address these issues and that the stock’s relatively low free‑cash‑flow and return yields versus peers already more than discount these risks, underpinning his Buy view.
In another report released on February 7, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $83.00 price target.