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Eastman Chemical (EMN) Stock Forecast & Price Target

$96.38
-1.06 (-1.09%)
(As of 05:26 PM ET)

Eastman Chemical - Analysts' Recommendations and Stock Price Forecast (2024)

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

Based on 16 Wall Street analysts who have issued ratings for Eastman Chemical in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 6 have given a hold rating, and 10 have given a buy rating for EMN.

Consensus Price Target

$107.31
11.34% Upside
High Forecast$128.00
Average Forecast$107.31
Low Forecast$90.00

According to the 16 analysts' twelve-month price targets for Eastman Chemical, the average price target is $107.31. The highest price target for EMN is $128.00, while the lowest price target for EMN is $90.00. The average price target represents a forecasted upside of 11.34% from the current price of $96.38.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
7 Buy rating(s)
9 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$107.31$107.50$97.81$94.47
Forecasted Upside11.34% Upside16.47% Upside13.65% Upside12.64% Upside
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EMN 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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EMN 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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Eastman Chemical Stock vs. The Competition

TypeEastman ChemicalBasic Materials CompaniesS&P 500
Consensus Rating Score
2.63
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside10.13% Upside309.76% Upside9.26% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/27/2024Citigroup
3 of 5 stars
 Lower TargetBuy ➝ Buy$114.00 ➝ $111.00+13.81%
5/23/2024UBS Group
3 of 5 stars
 UpgradeNeutral ➝ Buy$106.00 ➝ $128.00+28.77%
5/6/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$85.00 ➝ $103.00+5.12%
4/30/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$100.00 ➝ $104.00+8.19%
4/30/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$90.00 ➝ $105.00+7.87%
4/29/2024Bank of America
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 Lower TargetBuy ➝ Buy$113.00 ➝ $112.00+17.20%
4/29/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$102.00 ➝ $125.00+30.81%
4/26/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$91.00 ➝ $102.00+7.05%
4/11/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$89.00 ➝ $100.00+0.43%
4/9/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$101.00 ➝ $121.00+20.35%
2/15/2024Redburn Atlantic
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 Initiated CoverageBuy$110.00+33.95%
2/5/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$102.00 ➝ $101.00+22.26%
12/14/2023The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$82.00 ➝ $92.00+5.54%
10/30/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$90.00+24.00%
7/31/2023Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$115.00+32.37%
7/28/2023Credit Suisse Group
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 Boost TargetOutperform$95.00 ➝ $98.00+11.81%
6/12/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$92.00 ➝ $86.00+6.41%
1/30/2023Vertical Research
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 DowngradeBuy ➝ Hold$94.00 ➝ $92.00+5.97%
1/30/2023Scotiabank
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B. Isaacson
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DowngradeSector Outperform ➝ Sector Perform$100.00 ➝ $90.00+3.66%
11/8/2022Tudor, Pickering, Holt & Co.
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 UpgradeHold ➝ Buy
11/8/2022Tudor Pickering
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 UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:07 PM ET.

EMN Forecast - Frequently Asked Questions

What is Eastman Chemical's forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Eastman Chemical is $107.31, with a high forecast of $128.00 and a low forecast of $90.00.

Should I buy or sell Eastman Chemical stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EMN shares.

Does Eastman Chemical's stock price have much upside?

According to analysts, Eastman Chemical's stock has a predicted upside of 16.49% based on their 12-month stock forecasts.

Has Eastman Chemical been upgraded by Wall Street analysts recently?

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

What analysts cover Eastman Chemical?

Eastman Chemical has been rated by research analysts at Bank of America, Barclays, Citigroup, Jefferies Financial Group, Mizuho, Piper Sandler, Royal Bank of Canada, and UBS Group in the past 90 days.

Do Wall Street analysts like Eastman Chemical more than its competitors?

Analysts like Eastman Chemical less than other "basic materials" companies. The consensus rating score for Eastman Chemical is 2.63 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how EMN compares to other companies.


This page (NYSE:EMN) was last updated on 7/24/2024 by MarketBeat.com Staff

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