Chevron (CVX) Stock Forecast & Price Target

$202.75 +2.75 (+1.38%)

As of 03:58 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
1

Hold
5

Buy
20

Based on 26 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 26 analysts, 1 has given a sell rating, 5 have given a hold rating, and 20 have given a buy rating for CVX.

Consensus Price Target

$207.13
2.16% Upside

According to the 26 analysts' twelve-month price targets for Chevron, the average price target is $207.13. The highest price target for CVX is $235.00, while the lowest price target for CVX is $160.00. The average price target represents a forecasted upside of 2.16% from the current price of $202.75.

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 8/17/25 to 8/17/26	1 Month Ago 7/18/25 to 7/18/26	3 Months Ago 5/19/25 to 5/19/26	1 Year Ago 8/17/24 to 8/17/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	19 Buy rating(s)	18 Buy rating(s)	11 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$207.13	$206.83	$204.13	$164.11
Forecasted Upside	2.16% Upside	10.38% Upside	3.42% Upside	4.85% 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	2.73	2.42	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	2.14% Upside	33.79% Upside	11.98% 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
8/11/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C) ➝ Buy (B)
8/6/2026	Dbs Bank 5 of 5 stars		Upgrade	Moderate Buy
8/5/2026	TD Cowen 3 of 5 stars	Jason Gabelman Not Rated	Boost Target	Hold	$200.00 ➝ $205.00	+7.72%
8/3/2026	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	Set Target		$224.00	+15.44%
8/3/2026	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	$204.00 ➝ $209.00	+7.58%
8/3/2026	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	$213.00 ➝ $216.00	+9.59%
7/28/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jean Ann Salisbury Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$210.00 ➝ $227.00	+19.57%
7/23/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Royall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Overweight	$207.00	+7.23%
7/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$216.00	+23.51%
7/2/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Doug Leggate Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$210.00	+26.74%
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.
6/29/2026	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	Lower Target	Overweight	$214.00 ➝ $210.00	+23.96%
6/23/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Josh Silverstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
6/8/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
5/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$216.00	+12.12%
5/5/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Biraj Borkhataria Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$220.00	+14.70%
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%
4/9/2026	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%
4/2/2026	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%
3/20/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$215.00	+6.78%
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%
1/20/2026	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%
1/6/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Strong Sell
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:20 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, August 17, 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:

The company reported a significant revenue increase of over 57% compared to the same quarter last year, indicating strong growth potential.
Chevron has a solid return on equity of over 11%, which suggests effective management and profitability relative to shareholder equity.
The current stock price is around $170, reflecting investor confidence and market interest in Chevron's performance.
Chevron recently announced a quarterly dividend of $1.78, contributing to a favorable annualized dividend yield of 3.6%, which can provide a steady income stream for investors.
The company operates in various segments of the energy sector, including upstream and downstream activities, which diversifies its revenue sources and reduces risk.

Chevron
Bear Case

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

The dividend payout ratio is currently over 68%, which may indicate that a significant portion of earnings is being distributed to shareholders, potentially limiting reinvestment in growth opportunities.
Chevron's operations are heavily tied to the volatile oil and gas market, which can lead to unpredictable revenue and profit fluctuations based on global energy prices.
Recent geopolitical tensions and regulatory changes in the energy sector could pose risks to Chevron's operations and profitability.
As an integrated energy firm, Chevron faces increasing competition from renewable energy sources, which may impact its long-term growth prospects.
Market analysts have projected earnings per share (EPS) of 15.86 for the current year, which may not meet investor expectations if the company fails to achieve this target.

CVX Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $207.13, with a high forecast of $235.00 and a low forecast of $160.00.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There is currently 1 sell rating, 5 hold ratings and 20 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 2.16% based on their 12-month stock forecasts.

Over the previous 90 days, Chevron's stock had 3 upgrades and 2 downgrades by analysts.

Chevron has been rated by research analysts at Bank of America, Barclays, Dbs Bank, Jefferies Financial Group, Mizuho, Morgan Stanley, Piper Sandler, Sanford C. Bernstein, TD Cowen, UBS Group, Weiss Ratings, Wolfe Research, 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 8/17/2026 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

What is Chevron's forecast for 2026?

Should I buy or sell Chevron stock right now?

Does Chevron's stock price have much upside?

Has Chevron been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Chevron?

Do Wall Street analysts like Chevron more than its competitors?

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