Shell (SHEL) Price Target Raised Following Recent Acquisition of ARC Resources

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Shell plc (NYSE:SHEL) is included among the 12 Best LNG Stocks to Buy in 2026.

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

On might 21, Jefferies analyst Mark Wilson raised the firm’s price target on Shell plc (NYSE:SHEL) from $119.70 to $122.40, while keeping a ‘Buy’ rating on the shares. The target increase, which represents an upside of 43% from the current share price, comes after the analyst firm incorporated Shell’s recent acquisition of ARC Resources into its model.

Shell plc (NYSE:SHEL) announced the acquisition of the Canadian energy company ARC Resources last month. The $16.4 billion deal will boost the energy giant’s output by 370,000 boepd, in addition to contributing $1.5 billion in ​free cash flow ⁠per year.

Jefferies estimates that the acquisition will lift Shell’s net income by about 6% across FY26-28, driven primarily by the higher integrated gaseous earnings following the consolidation of ARC.

Similarly, earlier on might 18, HSBC also turned greater bullish on Shell plc (NYSE:SHEL) and upgraded the stock from ‘Hold’ to ‘Buy’, while also raising its price target (read greater details here).

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