Icahn Enterprises L.P. (IEP) Stock Forecast Oct. 16, 2026

On Oct. 16, 2026, IEP is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.

Icahn Enterprises L.P. is a mid-cap company with a market capitalization of $4.73B. It ranks number 13 by market capitalization among the 15 Petroleum Refining issuers in our coverage with a current forecast. Its P/B Ratio of 1.19x is the lowest of the 10 peers that report one. Its Gross Margin of -53.8% is the lowest of the 11 peers that report one.

For IEP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 6.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -2.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

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