Valero Energy Stock Surges as Goldman Sachs Raises Price Target to $457
Valero Energy's stock price rose by 1.87 percent on September 24, 2026, closing at $382.86 on the NYSE. This increase follows Goldman Sachs' decision to raise its price target for the company from $365 to $457 while maintaining a Buy rating.
The new target of $457 is $74.14 above Valero's closing price and represents a 19.37 percent increase. Notably, this target is higher than both the current market price and the company's 52-week high of $419.04.
Valero's latest quarterly results showed strong earnings performance, with EPS beating consensus by $2.43 to reach $12.54. Revenue also exceeded expectations at $44.48 billion, a significant increase of 48.8 percent from the comparable quarter.
The company reported operating profit of $5.196 billion and net income of $4.073 billion for the quarter ended June 30, 2026. Valero's operating cash flow increased by $4.190 billion to reach $5.580 billion in the latest quarter.