Goldman Sachs raised its price objective on Marathon Petroleum Corporation from $376 to $472 on September 21, maintaining a Buy rating on the refining stock. The revised target implies upside of over 17% from the current share price and sits above the stock's all-time high of $428 reached earlier this month. Marathon Petroleum has surged by over 143% since the beginning of 2026, driven by a spike in global refining margins as geopolitical disruptions took significant refining capacity offline. The raised target signals Goldman Sachs expects earnings power from the current refining environment to extend beyond Marathon's Q2 results, when profits jumped fourfold to $5.14 billion and its Refining & Marketing margin doubled to $36.33 per barrel from $17.58 per barrel a year earlier. The bullish call comes amid broader Wall Street optimism, with UBS, Morgan Stanley, and several other firms also raising their outlooks on the stock.
Goldman Sachs Group IncGoldman Sachs raised its Marathon Petroleum price target to $472, a bullish analyst valuation call.
Morgan Stanley
UBS Group AG
Marathon Petroleum CorpGoldman Sachs raised its Marathon Petroleum price target from $376 to $472 while maintaining a Buy rating.
