Piper Sandler Raises Shell (SHEL) Price Target to $90, Maintains Overweight Rating

Core Viewpoint - Shell plc (NYSE:SHEL) is recognized as one of the best European dividend stocks to invest in, despite facing challenges in the crude oil market [1]. Financial Performance - In Q3 2025, Shell reported revenue of $68.15 billion, which is a decrease of over 4% compared to the same period last year and fell short of analysts' expectations by more than $3.5 billion [3]. - The company generated $12.2 billion in cash flow from operating activities, primarily driven by adjusted EBITDA, indicating a solid cash position [3]. Shareholder Returns - Total shareholder distributions for the quarter reached $5.7 billion, comprising $3.6 billion in share repurchases and $2.1 billion in dividends [4]. Investment Plans - Shell announced plans to invest approximately $1 billion in new oil blocks in Angola, aiming to boost production that has declined in recent years [4]. Analyst Ratings - Piper Sandler raised Shell's price target to $90 from $87 while maintaining an Overweight rating, highlighting the company's strong positioning in the energy sector despite cautious investor sentiment regarding crude oil [2].