Chevron (CVX) Stock Forecast & Price Target

$191.51 +0.08 (+0.04%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$191.70 +0.19 (+0.10%)

As of 05/22/2026 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

$204.22
6.63% Upside

According to the 25 analysts' twelve-month price targets for Chevron, the average price target is $204.22. 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 6.63% from the current price of $191.51.

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 5/25/25 to 5/25/26	1 Month Ago 4/25/25 to 4/25/26	3 Months Ago 2/24/25 to 2/24/26	1 Year Ago 5/25/24 to 5/25/25
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)	17 Buy rating(s)	13 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$204.22	$198.09	$176.36	$160.24
Forecasted Upside	6.63% Upside	7.00% Upside	-4.89% Downside	17.25% 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	Broader Market
Consensus Rating Score	2.76	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.63% Upside	31.46% Upside	15.09% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/22/2026	Morgan Stanley 3 of 5 stars	Devin McDermott 5 of 5 stars	Boost Target	Overweight	$212.00 ➝ $214.00	+12.08%
5/11/2026	Sanford C. Bernstein 4 of 5 stars	Bob Brackett Not Rated	Lower Target	Market Perform	$216.00 ➝ $204.00	+10.68%
5/8/2026	TD Cowen 3 of 5 stars		Boost Target	Hold	$204.00 ➝ $205.00	+12.35%
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%
5/4/2026	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	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%
4/9/2026	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%
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.
4/9/2026	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
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%
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
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 Monday at 07:35 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 Wednesday, May 20, 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's recent agreement to sell its Singapore refining stake and other Asia-Pacific assets for approximately $2.17 billion is a strategic move aimed at streamlining its portfolio, which could enhance overall returns for investors.
The current stock price is around $150, reflecting a stable position in the market, which may attract investors looking for solid investment opportunities in the energy sector.
Recent reports indicate that Chevron's earnings, while not meeting all expectations, are being viewed positively by investors due to strong underlying cash generation, suggesting resilience in its financial performance.
Institutional ownership stands at 72.42%, indicating strong confidence from large investors, which can be a positive signal for retail investors considering Chevron.
Chevron's strategic actions and focus on cash generation may provide a buffer against market volatility, making it a potentially safer investment in uncertain economic times.

Chevron
Bear Case

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

Recent reductions in holdings by institutional investors, such as TD Private Client Wealth LLC and Spectrum Strategic Capital Management LLC, may indicate a lack of confidence in Chevron's short-term performance.
Despite positive sentiment around cash generation, the company has faced revenue misses, which could raise concerns about its ability to meet future financial targets.
Market commentary has suggested that Chevron's performance is being compared unfavorably to competitors like TotalEnergies, which may impact investor sentiment and stock performance.
Chevron's significant reliance on the oil and gas sector makes it vulnerable to fluctuations in commodity prices, which can lead to unpredictable earnings and stock price volatility.
Ongoing global shifts towards renewable energy sources may pose long-term challenges for traditional oil and gas companies like Chevron, potentially affecting future growth prospects.

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 $204.22, 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 6.63% based on their 12-month stock forecasts.

Over the previous 90 days, Chevron's stock had 5 upgrades by analysts.

Chevron has been rated by research analysts at Bank of America, Barclays, BNP Paribas Exane, Citigroup, HSBC, Mizuho, Morgan Stanley, Piper Sandler, Royal Bank Of Canada, Sanford C. Bernstein, 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 5/25/2026 by MarketBeat.com Staff.

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Chevron (CVX) Stock Forecast & Price Target