Chevron (CVX) Stock Forecast & Price Target

Q: What analysts cover Chevron?

Chevron has been rated by research analysts at Argus , Bank of America , Barclays , BMO Capital Markets , BNP Paribas Exane , Dbs Bank , HSBC , Jefferies Financial Group , JPMorgan Chase & Co. , Mizuho , Morgan Stanley , Piper Sandler , Raymond James Financial , Royal Bank Of Canada , Sanford C. Bernstein , TD Cowen , The Goldman Sachs Group , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$219.54 -2.51 (-1.13%)

As of 01:06 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 28 Analyst Ratings

Sell
1

Hold
5

Buy
22

Based on 28 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 28 analysts, 1 has given a sell rating, 5 have given a hold rating, 21 have given a buy rating, and 1 has given a strong buy rating for CVX.

Consensus Price Target

$213.42
-2.79% Downside

According to the 28 analysts' twelve-month price targets for Chevron, the average price target is $213.42. The highest price target for CVX is $243.00, while the lowest price target for CVX is $90.00. The average price target represents a forecasted downside of -2.79% from the current price of $219.54.

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 10/15/25 to 10/15/26	1 Month Ago 9/15/25 to 9/15/26	3 Months Ago 7/17/25 to 7/17/26	1 Year Ago 10/15/24 to 10/15/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	21 Buy rating(s)	21 Buy rating(s)	18 Buy rating(s)	11 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$213.42	$213.49	$206.53	$166.04
Forecasted Upside	-2.79% Downside	-1.85% Downside	10.22% Upside	9.25% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	Broader Market
Consensus Rating Score	2.79	2.44	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-4.04% Downside	48.43% Upside	19.50% Upside
News Sentiment Rating	Positive News See Recent CVX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/15/2026	Morgan Stanley 3 of 5 stars	Devin McDermott 4 of 5 stars	Boost Target	Overweight	$218.00 ➝ $226.00	+2.52%
10/12/2026	Mizuho 3 of 5 stars	Nitin Kumar 5 of 5 stars	Set Target		$234.00	+10.45%
10/12/2026	TD Cowen 3 of 5 stars	Jason Gabelman Not Rated	Boost Target	Hold	$215.00 ➝ $225.00	+5.16%
10/8/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Josh Silverstein Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$220.00 ➝ $235.00	+14.49%
10/5/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
9/25/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings	Kim Fustier Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$90.00	-56.22%
9/24/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Biraj Borkhataria Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$220.00 ➝ $230.00	+11.47%
9/22/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$240.00 ➝ $228.00	+10.50%
9/3/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Phillip Jungwirth Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$210.00 ➝ $235.00	+10.97%
9/3/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	John Royall Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$207.00 ➝ $243.00	+14.75%
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.
9/3/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Sam Margolin Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$226.00 ➝ $230.00	+8.61%
8/17/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Betty Jiang Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Equal Weight	$216.00 ➝ $208.00	+4.01%
8/17/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Lloyd Byrne Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$216.00 ➝ $233.00	+12.92%
8/11/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold (C) ➝ Buy (B)
8/11/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$206.00 ➝ $211.00	+2.26%
8/6/2026	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Moderate Buy
8/3/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Overweight	$190.00 ➝ $222.00	+7.59%
8/3/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Bob Brackett Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Market Perform	$204.00 ➝ $209.00	+7.58%
7/28/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Jean Ann Salisbury Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$210.00 ➝ $227.00	+19.57%
7/21/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Raymond James Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$230.00 ➝ $225.00	+9.04%
7/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Lucas Herrmann Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$230.00 ➝ $224.00	+8.56%
7/2/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Doug Leggate Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Peer Perform ➝ Outperform	$210.00	+26.74%
4/22/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Paul Cheng Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sector Perform	$168.00 ➝ $187.00	-0.26%
4/9/2026	Tudor Pickering Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$225.00	+16.69%
4/2/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Alastair Syme Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$210.00 ➝ $235.00	+17.42%
3/24/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Outperform	$180.00 ➝ $225.00	+9.04%
2/17/2026	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings	James West Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$205.00	+11.62%
1/6/2026	Freedom Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold ➝ Strong Sell
5/6/2025	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	W. Eisenmann Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Sell	$130.00	-4.04%
4/23/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Low Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral ➝ Sell	$156.00 ➝ $124.00	-9.66%
2/4/2025	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Neal Dingmann Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Hold	$164.00 ➝ $160.00	+4.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:06 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, October 12, 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 shares are currently trading at $214.89, a level that sits just below the recent 52-week high of $217.78, indicating strong momentum and investor confidence in the company's recent performance.
The company demonstrated exceptional financial strength in its most recent quarter, reporting earnings per share of $6.06, which significantly exceeded the consensus estimate of $5.55, while revenue grew 57.4% year-over-year to $67.20 billion.
Chevron offers a reliable income stream with a dividend yield of 3.37%, supported by a history of raising dividends for 39 consecutive years, which provides a cushion for investors during periods of market volatility.
Analyst sentiment has improved recently, with TD Cowen raising its price target to $225.00 and JPMorgan Chase lifting its target to $222.00, reflecting a consensus "Moderate Buy" rating that suggests further upside potential.
The company is advancing its long-term growth strategy through the development of the Aphrodite gas field in Cyprus and the integration of Hess, which expands its production capabilities and diversifies its revenue sources.

Chevron
Bear Case

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

Recent hurricane activity has forced the shutdown of U.S. Gulf of Mexico platforms and the evacuation of staff, creating near-term uncertainty regarding production volumes and potential disruptions to cash flow.
Significant insider selling has occurred recently, with CEO Michael Wirth selling 317,100 shares and other insiders disposing of over 1.1 million shares in the last three months, which may signal a lack of confidence in the current valuation.
The company faces potential regulatory and policy risks, as the CEO has publicly warned that decisions regarding diesel and fuel exports could be unwise and negatively impact the company's ability to sell fuel in optimal markets.
Chevron is undergoing a leadership transition with the appointment of a new CFO effective January 2027, which introduces execution risk as the company redefines roles for its Vice Chairman and other key executives.
The stock's P/E ratio of 20.60 is relatively high compared to historical averages, suggesting that the current price may already reflect much of the positive news, leaving less room for valuation expansion if earnings growth slows.

CVX Forecast - Frequently Asked Questions

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $213.42, with a high forecast of $243.00 and a low forecast of $90.00.

28 Wall Street equities 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, 21 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVX shares.

According to analysts, Chevron's stock has a predicted downside of -2.79% based on their 12-month stock forecasts.

Over the previous 90 days, Chevron's stock had 3 upgrades by analysts.

Chevron has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, BNP Paribas Exane, Dbs Bank, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, 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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Brokerages With Chevron Recommendations

MarketBeat monitors more than a dozen sources for Chevron analyst ratings, with the most recent rating issued on 10/15/2026.

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Chevron (CVX) Stock Forecast & Price Target