May. 29 at 1:24 PM
$DVN Analyst Sees 37% Upside Amid Bullish Oil Backdrop! Barclays raised the price target on Devon Energy to
$62 from
$54 and kept an ‘Overweight’ rating on the shares.
On May 20, 2026, Citi raised the firm’s price target on DVN) to
$65 from
$60 and maintained a Buy rating on the shares.
Meanwhile, Jefferies upgraded DVN) to Buy from Hold with a
$62 price target, up from
$53.
Morgan Stanley raised the firm's price target on Devon Energy to
$66 from
$59 and maintained an ‘Overweight’ rating on the shares.
According to data from Koyfin, the 26 analysts covering the stock have a 12-month average price target of
$60.88 on Devon’s shares, indicating an upside potential of nearly 35%. Of them, 21 analysts have a ‘Buy’ or higher rating on the company’s shares.
The shale producer also acquired 16,300 net undeveloped acres in the Delaware Basin in New Mexico through a federal lease earlier this month.
