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Chevron (CVX) Stock Forecast & Price Target

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$158.32 -3.60 (-2.22%)
(As of 06:03 PM ET)

Chevron - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
0
Hold
4
Buy
14

Based on 18 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 18 analysts, 4 have given a hold rating, and 14 have given a buy rating for CVX.

Consensus Price Target

$175.63
10.93% Upside
According to the 18 analysts' twelve-month price targets for Chevron, the average price target is $175.63. The highest price target for CVX is $204.00, while the lowest price target for CVX is $155.00. The average price target represents a forecasted upside of 10.93% from the current price of $158.32.
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CVX Analyst Ratings Over Time

TypeCurrent Forecast
12/5/23 to 12/4/24
1 Month Ago
11/5/23 to 11/4/24
3 Months Ago
9/6/23 to 9/5/24
1 Year Ago
12/5/22 to 12/5/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
12 Buy rating(s)
13 Buy rating(s)
14 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$175.63$174.27$183.82$187.89
Forecasted Upside10.93% Upside13.18% Upside30.42% Upside31.54% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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Chevron Stock vs. The Competition

TypeChevronOils/Energy CompaniesS&P 500
Consensus Rating Score
2.78
2.63
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside10.93% Upside1,551.89% Upside7.55% Upside
News Sentiment Rating
Positive News

See Recent CVX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/3/2024UBS Group
4 of 5 stars
 Boost TargetBuy ➝ Buy$194.00 ➝ $195.00+19.58%
11/26/2024Citigroup
3 of 5 stars
A. Syme
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UpgradeNeutral ➝ Buy$145.00 ➝ $185.00+15.35%
11/5/2024DZ Bank
4 of 5 stars
 UpgradeHold ➝ Buy$170.00+10.41%
11/4/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$170.00 ➝ $175.00+13.70%
11/4/2024Truist Financial
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 Boost TargetHold ➝ Hold$150.00 ➝ $155.00+0.89%
11/4/2024Barclays
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 Boost TargetOverweight ➝ Overweight$168.00 ➝ $174.00+13.67%
10/17/2024Bank of America
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 Initiated CoverageBuy$168.00+12.99%
10/10/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$180.00 ➝ $163.00+8.03%
9/27/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$196.00 ➝ $169.00+16.43%
9/16/2024Mizuho
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 Lower TargetOutperform ➝ Outperform$205.00 ➝ $189.00+32.83%
7/18/2024Wolfe Research
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S. Margolin
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Initiated CoverageStrong-Buy ➝ Peer Perform
7/17/2024Sanford C. Bernstein
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B. Brackett
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DowngradeOutperform ➝ Market Perform$183.00 ➝ $167.00+5.85%
4/30/2024HSBC
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 Boost TargetBuy ➝ Buy$175.00 ➝ $178.00+8.68%
4/29/2024TD Cowen
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 Boost TargetHold ➝ Hold$155.00 ➝ $160.00-3.55%
4/18/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$180.00 ➝ $204.00+29.63%
4/15/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$170.00 ➝ $174.00+9.68%
4/1/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy
1/8/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$184.00+22.34%
10/17/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$203.00 ➝ $201.00+20.29%
10/12/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform$190.00+17.94%
5/31/2023JPMorgan Chase & Co.
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 UpgradeUnderweight ➝ Neutral$161.00 ➝ $170.00+11.05%
2/24/2023Cowen
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 Lower TargetOutperform$185.00 ➝ $170.00+4.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:31 PM 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 Monday, December 2, 2024. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

Chevron
Bull Case

green Wall Street bull icon

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

  • Chevron reported a strong earnings per share (EPS) of $2.51 for the latest quarter, surpassing analysts' expectations of $2.47. This indicates robust profitability and effective cost management.
  • The company has a solid revenue of $50.67 billion for the quarter, exceeding the forecast of $48.86 billion, showcasing its strong market position and operational efficiency.
  • Chevron's current stock price is $162.21, reflecting a stable market performance and investor confidence, which could present a good entry point for potential investors.
  • The company recently announced a quarterly dividend of $1.63 per share, translating to an annualized dividend of $6.52 and a yield of 4.03%. This consistent dividend payout can provide a reliable income stream for investors.
  • Institutional investors hold 72.42% of Chevron's stock, indicating strong confidence from large financial entities, which often reflects a positive outlook on the company's future performance.

Chevron
Bear Case

red Wall Street bear icon

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

  • Chevron's revenue has decreased by 6.3% compared to the same quarter last year, which may signal potential challenges in maintaining growth in a competitive market.
  • The company experienced a significant drop in EPS from $3.05 in the previous year to $2.51, indicating a decline in profitability that could concern investors about future earnings potential.
  • Chevron's debt-to-equity ratio is relatively low at 0.13, which generally indicates a conservative approach to leverage; however, it may also suggest limited growth opportunities through debt financing.
  • Recent insider trading activity, including the CEO selling 164,600 shares, could raise red flags for investors regarding the company's future prospects and management's confidence in its performance.
  • Analysts have mixed ratings on Chevron, with some lowering their price targets, which may indicate uncertainty about the stock's future performance and potential volatility.

CVX Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $175.63, with a high forecast of $204.00 and a low forecast of $155.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVX shares.

According to analysts, Chevron's stock has a predicted upside of 10.93% based on their 12-month stock forecasts.

Over the previous 90 days, Chevron's stock had 2 upgrades by analysts.

Chevron has been rated by research analysts at Bank of America, Barclays, Citigroup, DZ Bank, Mizuho, Royal Bank of Canada, Scotiabank, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Chevron more than other "oils/energy" companies. The consensus rating score for Chevron is 2.78 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how CVX compares to other companies.


This page (NYSE:CVX) was last updated on 12/4/2024 by MarketBeat.com Staff
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