By Noor Ul Ain Rehman

TotalEnergies SE (NYSE:TTE) is one of the best undervalued stocks to invest in right now.

Is TotalEnergies SE (TTE) the Best Undervalued Stock to Invest in Right Now?

Berenberg lifted the price target on TotalEnergies SE (NYSE:TTE) to EUR 62 from EUR 57 on March 3, keeping a Hold rating on the shares. Citi also lifted the price target on the stock to EUR 75 from EUR 71 on March 2, and maintained a Buy rating on the shares, telling investors that it sees “strong valuation support” for global energy names due to the Middle East war. The firm thus raised price targets across the global integrated oil and gas group.

The same day, TotalEnergies SE (NYSE:TTE) was upgraded to Overweight from Neutral by JPMorgan on March 2, with the firm adjusting the price target on the stock to EUR 75 from EUR 63. It recommended adding to European oil and gas positions after the full-scale military strikes in the Middle East, stating that these “represent a tail-risk scenario becoming reality”. JPMorgan also said to buy stocks that offer oil leverage, production, and resource longevity, and cheapening relative valuations under higher price scenarios. In another development, TotalEnergies SE (NYSE:TTE) was downgraded to Neutral from Outperform by Grupo Santander on February 26.

TotalEnergies SE (NYSE:TTE) operates as a global integrated energy company that produces natural gas and green gases, oil and biofuels, as well as renewables and electricity. It is headquartered in Courbevoie, France, and operates through the following business segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

While we acknowledge the potential of TTE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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