Phillips 66 (PSX) Stock Forecast & Price Target

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$153.31

-3.94 (-2.51%)

(As of 04/18/2024 ET)

Phillips 66 Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$158.00
3.06% Upside

High Forecast	$191.00
Average Forecast	$158.00
Low Forecast	$125.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$158.00	$142.23	$135.29	$121.33
Predicted Upside	3.06% Upside	14.87% Upside	19.55% Upside	22.92% Upside

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PSX Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Phillips 66 Stock vs. The Competition

Type	Phillips 66	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.73	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	3.06% Upside	445.40% Upside	12.31% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/18/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$139.00 ➝ $155.00	-1.45%
4/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$167.00 ➝ $162.00	-2.10%
4/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$148.00 ➝ $156.00	-5.47%
4/8/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$179.00 ➝ $191.00	+11.86%
4/5/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$169.00 ➝ $187.00	+9.56%
4/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$149.00 ➝ $167.00	+2.64%
Get the Latest News and Ratings for PSX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Phillips 66 and its competitors with MarketBeat's FREE daily newsletter.
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$152.00 ➝ $174.00	+9.22%
3/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$150.00 ➝ $180.00	+14.90%
2/1/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$140.00 ➝ $155.00	+7.41%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
12/4/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$134.00 ➝ $150.00	+15.65%
10/31/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$146.00	+29.85%
10/30/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$115.00 ➝ $130.00	+17.19%
8/14/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$125.00 ➝ $134.00	+14.88%
7/19/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$125.00	+21.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:12 AM ET.

PSX Price Target - Frequently Asked Questions

What is Phillips 66's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for Phillips 66 stock is Moderate Buy based on the current 4 hold ratings and 11 buy ratings for PSX. The average twelve-month price prediction for Phillips 66 is $158.00 with a high price target of $191.00 and a low price target of $125.00. Learn more on PSX's analyst rating history.
Do Wall Street analysts like Phillips 66 more than its competitors?: Analysts like Phillips 66 more than other Oils/Energy companies. The consensus rating score for Phillips 66 is 2.73 while the average consensus rating score for oils/energy companies is 2.55. Learn more on how PSX compares to other companies.
Does Phillips 66's stock price have much upside?: According to analysts, Phillips 66's stock has a predicted upside of 9.23% based on their 12-month stock forecasts.

What analysts cover Phillips 66?: Phillips 66 has been rated by Bank of America, Barclays, Citigroup, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Scotiabank, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:PSX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Phillips 66 (PSX) Stock Forecast & Price Target

Phillips 66 Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PSX Analyst Ratings By Month

PSX Price Targets by Month

Phillips 66 Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PSX Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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