Christopher Kuplent, an analyst from Bank of America Securities, reiterated the Buy rating on TotalEnergies SE. The associated price target remains the same with €66.00.
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Christopher Kuplent has given his Buy rating due to a combination of factors that highlight TotalEnergies SE’s potential for growth and financial stability. Despite a higher-than-expected net debt peak in the first half of 2025, Kuplent anticipates significant deleveraging in the second half of the year, supported by inflows from working capital and asset disposals. This financial maneuvering is expected to maintain the company’s buyback commitments, offering a promising outlook for investors.
Moreover, Kuplent points out that TotalEnergies’ strategic shift towards low-carbon investments is enhancing its free cash flow breakeven point, making it more competitive in the energy sector. The company’s valuation, particularly its renewable energy business, is seen as undervalued, providing additional upside potential. With a price objective set at EUR 66, representing nearly a 30% increase from the current price, Kuplent’s analysis suggests that TotalEnergies is well-positioned for future growth, making it an attractive buy for investors.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a €57.00 price target.