Chevron (CVX) Stock Forecast & Price Target

$185.30 -7.34 (-3.81%)

Closing price 05/6/2026 03:59 PM Eastern

Extended Trading

$185.40 +0.09 (+0.05%)

As of 05/6/2026 07:59 PM Eastern

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Chevron - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 25 Analyst Ratings

Sell
1

Hold
5

Buy
19

Based on 25 Wall Street analysts who have issued ratings for Chevron in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 1 has given a sell rating, 5 have given a hold rating, 18 have given a buy rating, and 1 has given a strong buy rating for CVX.

Consensus Price Target

$202.70
9.39% Upside

According to the 25 analysts' twelve-month price targets for Chevron, the average price target is $202.70. The highest price target for CVX is $242.00, while the lowest price target for CVX is $160.00. The average price target represents a forecasted upside of 9.39% from the current price of $185.30.

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.

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CVX Analyst Ratings Over Time

Type	Current Forecast 5/7/25 to 5/7/26	1 Month Ago 4/7/25 to 4/7/26	3 Months Ago 2/6/25 to 2/6/26	1 Year Ago 5/7/24 to 5/7/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	14 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$202.70	$187.64	$175.00	$161.25
Forecasted Upside	9.39% Upside	-6.82% Downside	-3.35% Downside	18.80% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

CVX 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.

CVX 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.

Chevron Stock vs. The Competition

Type	Chevron	Energy Companies	S&P 500
Consensus Rating Score	2.76	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	9.39% Upside	34.95% Upside	14.01% Upside
News Sentiment Rating	Positive News See Recent CVX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/6/2026	The Goldman Sachs Group 3 of 5 stars		Reiterated Rating	Buy	$216.00	+12.12%
5/5/2026	Royal Bank Of Canada 3 of 5 stars	Biraj Borkhataria Not Rated	Reiterated Rating	Outperform	$220.00	+14.70%
5/4/2026	UBS Group 4 of 5 stars	Josh Silverstein 4 of 5 stars	Boost Target	Buy	$218.00 ➝ $220.00	+15.43%
5/4/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Jiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$180.00 ➝ $192.00	+0.63%
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Paul Cheng Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$168.00 ➝ $187.00	-0.26%
4/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lucas Herrmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$174.00	-7.45%
4/13/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$214.00 ➝ $204.00	+8.19%
4/9/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Margolin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$204.00 ➝ $222.00	+15.14%
4/9/2026	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$225.00	+16.69%
4/3/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
Get the Latest News and Ratings for CVX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Chevron and its competitors with MarketBeat's FREE daily newsletter.
4/2/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alastair Syme Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$210.00 ➝ $235.00	+17.42%
3/27/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Devin McDermott Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$174.00 ➝ $212.00	-0.05%
3/20/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$215.00	+6.78%
3/17/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$206.00 ➝ $217.00	+8.94%
3/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan Todd Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$179.00 ➝ $242.00	+22.28%
3/2/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jean Ann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$188.00 ➝ $206.00	+10.48%
2/17/2026	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James West Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$205.00	+11.62%
2/3/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$203.00	+15.00%
2/2/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$190.00	+7.49%
1/21/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
1/20/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Arun Jayaram Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$176.00	+5.85%
1/14/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lloyd Byrne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$174.00 ➝ $189.00	+13.35%
1/6/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Strong Sell
1/5/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$170.00 ➝ $172.00	+10.39%
10/17/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Justin Jenkins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$170.00 ➝ $160.00	+4.52%
7/31/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$180.00	+17.13%
5/6/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	W. Eisenmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Sell	$130.00	-4.04%
4/23/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Low Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral ➝ Sell	$156.00 ➝ $124.00	-9.66%
2/4/2025	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Neal Dingmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$164.00 ➝ $160.00	+4.55%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:29 AM ET.

Should I Buy Chevron Stock? CVX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, May 5, 2026. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

Chevron
Bull Case

Here are some ways that investors could benefit from investing in Chevron:

Chevron reported strong earnings, with earnings per share (EPS) of $1.41, exceeding analysts' expectations by $0.49, indicating robust financial performance.
The current stock price is around $190.79, reflecting a solid market position and potential for growth.
Chevron generated significant cash flow, with $7.1 billion from operations, which supports ongoing investments and shareholder returns.
The company has a disciplined capital allocation strategy, reaffirming its guidance for production growth and capital expenditures, which can lead to long-term stability.
Recent operational momentum includes increased production and record refinery throughput, suggesting strong operational efficiency and market demand.

Chevron
Bear Case

Investors should be bearish about investing in Chevron for these reasons:

Chevron faced a $3 billion headwind due to unfavorable timing effects related to crude price fluctuations, which could impact future earnings.
The company is still navigating challenges in its Venezuelan operations, which are constrained and represent a small portion of cash flow, adding uncertainty to its revenue streams.
Recent share repurchases, while beneficial for shareholder value, may indicate a lack of better investment opportunities, raising concerns about future growth prospects.
The stock has a relatively high P/E ratio, which may suggest that it is overvalued compared to its earnings, potentially deterring value-focused investors.
Market volatility and geopolitical factors can significantly impact oil prices, which are critical to Chevron's profitability, introducing risk for investors.

CVX Forecast - Frequently Asked Questions

: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $202.70, with a high forecast of $242.00 and a low forecast of $160.00.
: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVX shares.
: According to analysts, Chevron's stock has a predicted upside of 9.39% based on their 12-month stock forecasts.
: Over the previous 90 days, Chevron's stock had 6 upgrades by analysts.
: Chevron has been rated by research analysts at Bank of America, Barclays, BNP Paribas Exane, Citigroup, HSBC, Melius Research, Mizuho, Morgan Stanley, Piper Sandler, Royal Bank Of Canada, Scotiabank, TD Cowen, The Goldman Sachs Group, Tudor Pickering, UBS Group, Wells Fargo & Company, and Zacks Research in the past 90 days.
: Analysts like Chevron more than other "energy" companies. The consensus rating for Chevron is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how CVX compares to other companies.

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This page (NYSE:CVX) was last updated on 5/7/2026 by MarketBeat.com Staff.

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Chevron (CVX) Stock Forecast & Price Target

Chevron - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CVX Analyst Ratings Over Time

CVX Analyst Recommendations By Month

CVX Price Targets by Month

Chevron Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Chevron Stock? CVX Pros and Cons Explained

Chevron
Bull Case

Chevron
Bear Case

CVX Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Chevron Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Chevron (CVX) Stock Forecast & Price Target

Chevron - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CVX Analyst Ratings Over Time

CVX Analyst Recommendations By Month

CVX Price Targets by Month

Chevron Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Chevron Stock? CVX Pros and Cons Explained

Chevron Bull Case

Chevron Bear Case

CVX Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Chevron Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Chevron
Bull Case

Chevron
Bear Case