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Cenovus Energy Inc has a consensus price target of $32.43 based on the ratings of 7 analysts. The high is $45 issued by RBC Capital on May 7, 2026. The low is $28 issued by BMO Capital on November 1, 2024. The 3 most-recent analyst ratings were released by RBC Capital, Goldman Sachs, and RBC Capital on May 7, 2026, March 12, 2026, and February 20, 2026, respectively. With an average price target of $35.33 between RBC Capital, Goldman Sachs, and RBC Capital, there's an implied 16.50% upside for Cenovus Energy Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cenovus Energy (NYSE:CVE) was reported by RBC Capital on May 7, 2026. The analyst firm set a price target for $45.00 expecting CVE to rise to within 12 months (a possible 48.37% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Cenovus Energy (NYSE:CVE) was provided by RBC Capital, and Cenovus Energy maintained their outperform rating.
The last upgrade for Cenovus Energy Inc happened on June 6, 2023 when Goldman Sachs raised their price target to $22. Goldman Sachs previously had a neutral for Cenovus Energy Inc.
There is no last downgrade for Cenovus Energy.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cenovus Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cenovus Energy was filed on May 7, 2026 so you should expect the next rating to be made available sometime around May 7, 2027.
While ratings are subjective and will change, the latest Cenovus Energy (CVE) rating was a maintained with a price target of $42.00 to $45.00. The current price Cenovus Energy (CVE) is trading at is $30.33, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/07/2026 | Buy Now | 48.37% | RBC Capital | $42 → $45 | Maintains | Outperform | Get Alert |
| 03/12/2026 | Buy Now | -4.38% | Goldman Sachs | $22 → $29 | Maintains | Buy | Get Alert |
| 02/20/2026 | Buy Now | 5.51% | RBC Capital | $31 → $32 | Maintains | Outperform | Get Alert |
| 02/18/2026 | Buy Now | 2.21% | RBC Capital | $29 → $31 | Maintains | Outperform | Get Alert |
| 01/02/2026 | Buy Now | -34.06% | Goldman Sachs | → $20 | Reinstates | → Buy | Get Alert |
| 11/17/2025 | Buy Now | 5.51% | RBC Capital | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/01/2025 | Buy Now | -14.27% | RBC Capital | $25 → $26 | Maintains | Outperform | Get Alert |
| 04/30/2025 | Buy Now | -47.25% | Goldman Sachs | $18 → $16 | Maintains | Buy | Get Alert |
| 04/11/2025 | Buy Now | -17.57% | RBC Capital | $25 → $25 | Reiterates | Outperform → Outperform | Get Alert |
| 04/02/2025 | Buy Now | -17.57% | RBC Capital | $25 → $25 | Reiterates | Outperform → Outperform | Get Alert |
| 02/21/2025 | Buy Now | -17.57% | RBC Capital | $26 → $25 | Maintains | Outperform | Get Alert |
| 01/06/2025 | Buy Now | -7.68% | RBC Capital | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 11/01/2024 | Buy Now | -7.68% | BMO Capital | $31 → $28 | Maintains | Outperform | Get Alert |
| 10/04/2024 | Buy Now | 2.21% | BMO Capital | $33 → $31 | Maintains | Outperform | Get Alert |
| 07/12/2024 | Buy Now | 12.1% | Scotiabank | $35 → $34 | Maintains | Sector Outperform | Get Alert |
| 03/28/2024 | Buy Now | -1.09% | Morgan Stanley | $28 → $30 | Maintains | Overweight | Get Alert |
| 01/26/2024 | Buy Now | -7.68% | RBC Capital | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 06/29/2023 | Buy Now | 8.81% | National Bank Financial Inc | $38 → $33 | Maintains | Outperform | Get Alert |
| 06/06/2023 | Buy Now | -27.46% | Goldman Sachs | $20 → $22 | Upgrade | Neutral → Buy | Get Alert |
| 05/30/2023 | Buy Now | -7.68% | RBC Capital | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |