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Core Laboratories (CLB) Stock Forecast & Price Target

$24.02
+0.25 (+1.05%)
(As of 07/17/2024 ET)

Core Laboratories - Analysts' Recommendations 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.

Consensus Rating

Based on 4 Wall Street analysts who have issued ratings for Core Laboratories in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 4 analysts, 2 have given a sell rating, and 2 have given a hold rating for CLB.

Consensus Price Target

$17.50
-27.14% Downside
High Forecast$20.00
Average Forecast$17.50
Low Forecast$15.00

According to the 4 analysts' twelve-month price targets for Core Laboratories, the average price target is $17.50. The highest price target for CLB is $20.00, while the lowest price target for CLB is $15.00. The average price target represents a forecasted downside of -27.14% from the current price of $24.02.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Reduce
Reduce
Reduce
Strong Sell
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$17.50$18.75$18.50$21.30
Forecasted Upside-27.14% Downside-12.40% Downside-11.24% Downside2.58% Upside
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CLB Analyst Recommendations 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.
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CLB 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.
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Core Laboratories Stock vs. The Competition

TypeCore LaboratoriesOils/Energy CompaniesS&P 500
Consensus Rating Score
1.50
2.56
2.50
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside-27.33% Downside308.92% Upside7.68% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Bank of America
4 of 5 stars
 Lower TargetUnderperform ➝ Underperform$16.00 ➝ $15.00-34.27%
7/15/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$18.00 ➝ $17.00-21.95%
4/26/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$17.00 ➝ $18.00+4.65%
9/18/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSell ➝ Sell$21.00 ➝ $20.00-19.45%
9/26/2022Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeEqual Weight ➝ Underweight$20.00+43.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:24 PM ET.

CLB Forecast - Frequently Asked Questions

What is Core Laboratories' forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Core Laboratories is $17.50, with a high forecast of $20.00 and a low forecast of $15.00.

Should I buy or sell Core Laboratories stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Core Laboratories in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CLB shares.

Does Core Laboratories's stock price have much downside?

According to analysts, Core Laboratories's stock has a predicted downside of -19.20% based on their 12-month stock forecasts.

What analysts cover Core Laboratories?

Core Laboratories has been rated by research analysts at Bank of America, Piper Sandler, and Stifel Nicolaus in the past 90 days.

Do Wall Street analysts like Core Laboratories more than its competitors?

Analysts like Core Laboratories less than other "oils/energy" companies. The consensus rating for Core Laboratories is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CLB compares to other companies.


This page (NYSE:CLB) was last updated on 7/17/2024 by MarketBeat.com Staff

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