Jefferies Rates Plains All American Pipeline (PAA) Buy

Jefferies has reiterated its Buy rating for Plains All American Pipeline with a target price of $27, a 6.03% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:23 PM EDT

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Jefferies rated Plains All American Pipeline, L.P. ($PAA) "Buy" with a $27 price target on October 9, 2026.

Since the rating, $PAA is up 3.7% after 1 week and up 3.7% to date (from the $24.34 close on Oct 9, 2026).

PAA Plains All American Pipeline, L.P.

$25.25 +46.72% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Jefferies reiterated its Buy rating for Plains All American Pipeline, L.P. (PAA) and set a price target of $27.
Jefferies's $27 price target implies 6.03% upside from Plains All American Pipeline, L.P.'s ($PAA) current $25.46 share price.
As of October 16, 2026, PAA trades at $25.46, which is about 5.7% below Jefferies' target.
The company has a dividend rate of $1.63 and is expected to report earnings on November 4, 2026.

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Jefferies has reiterated its Buy rating for Plains All American Pipeline, L.P. (PAA) on October 9, 2026, and set a price target of $27. This target represents a positive outlook for the company, which operates in the oil and gas midstream sector.

Other Institutional Activity in Plains All American Pipeline

Alps Advisors Inc. trimmed its holdings by 2,595,267 shares, leaving it with 70,510,853 shares valued at about $1.78 billion. Invesco Ltd. also reduced its stake by 60,096 shares, resulting in 33,326,777 shares worth approximately $841.5 million. Meanwhile, Blackstone Inc. increased its position by 1,443,013 shares, bringing its total to 20,183,446 shares valued at about $509.6 million. Mirae Asset Global ETFs Holdings Ltd. added 656,501 shares, ending with 17,708,480 shares worth about $447.1 million. Conversely, Goldman Sachs Group Inc. decreased its holdings by 580,593 shares, totaling 15,960,527 shares valued at about $403 million.

Plains All American Pipeline, L.P. Stock Up 0.4%

PAA is currently trading at $25.46 as of October 16, 2026, which is about 5.7% below Jefferies' target price of $27. The stock's performance is noteworthy as it is positioned within the energy sector, specifically in oil and gas midstream operations.

12-month forecast

$PAA price target

Plains All American Pipeline, L.P. daily closes and this analyst's $27 target. Not advice.

Recent Earnings

Plains All American Pipeline reported trailing twelve-month revenue of $52.3 billion and earnings per share (EPS) of $1.17. The company has shown a year-over-year revenue growth of 66.3% and a net margin of 5.3%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Plains All American Pipeline, L.P.

On June 29, 2026, Lawrence Michael Ziemba, a director at the company, sold 2,346 shares at an average price of $21.95, totaling about $51,495. This sale was not part of a planned trading program.

Analysts Set New Price Targets

On October 9, 2026, Jefferies initiated its coverage with a Buy rating and a target price of $27. Additionally, UBS maintained a Buy rating with a target of $31, while Mizuho also maintained a Buy rating but raised its target to $30. Barclays, on the other hand, kept an Underweight rating with a target of $24.

About Plains All American Pipeline

Plains All American Pipeline, L.P. is based in Houston, Texas, and focuses on transporting, storing, and gathering crude oil and natural gas liquids in the U.S. and Canada. The company operates through two main segments: Crude Oil and NGL, providing essential services in the energy sector.

Bottom Line

Investors should keep an eye on Plains All American Pipeline's upcoming earnings report on November 4, 2026, and watch for any further analyst updates or institutional activity related to the stock.