ESAB (ESAB) Stock Forecast & Price Target

$99.81

+0.39 (+0.39%)

(As of 07/26/2024 ET)

ESAB - 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

Moderate Buy
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for ESAB in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 3 have given a hold rating, and 5 have given a buy rating for ESAB.

Consensus Price Target

$99.38
-0.44% Downside

High Forecast	$125.00
Average Forecast	$99.38
Low Forecast	$73.00

According to the 8 analysts' twelve-month price targets for ESAB, the average price target is $99.38. The highest price target for ESAB is $125.00, while the lowest price target for ESAB is $73.00. The average price target represents a forecasted downside of -0.44% from the current price of $99.81.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 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	$99.38	$98.63	$93.75	$74.33
Forecasted Upside	-0.44% Downside	15.27% Upside	15.55% Upside	12.80% Upside

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ESAB 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.

ESAB 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.

ESAB Stock vs. The Competition

Type	ESAB	Industrial Products Companies	S&P 500
Consensus Rating Score	2.63	2.54	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.44% Downside	36.82% Upside	9.18% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/18/2024	Stifel Nicolaus 4 of 5 stars	Lower Target	Buy ➝ Buy	$130.00 ➝ $120.00	+20.77%
6/20/2024	Oppenheimer 3 of 5 stars	Initiated Coverage	Outperform	$115.00	+20.51%
3/18/2024	JPMorgan Chase & Co. 3 of 5 stars	Upgrade	Neutral ➝ Overweight	$111.00 ➝ $125.00	+25.70%
3/5/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$93.00 ➝ $100.00	+1.13%
12/6/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$83.00 ➝ $95.00	+16.02%
9/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$78.00	+12.73%
Get the Latest News and Ratings for ESAB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ESAB and its competitors with MarketBeat's FREE daily newsletter.
9/18/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$61.00 ➝ $89.00	+30.31%
8/2/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$70.00 ➝ $73.00	+1.07%
5/16/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$76.00	+26.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:12 AM ET.

ESAB Forecast - Frequently Asked Questions

What is ESAB's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for ESAB is $99.38, with a high forecast of $125.00 and a low forecast of $73.00.
Should I buy or sell ESAB stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESAB shares.
Does ESAB's stock price have much upside?: According to analysts, ESAB's stock has a predicted upside of 16.11% based on their 12-month stock forecasts.
What analysts cover ESAB?: ESAB has been rated by research analysts at Oppenheimer, and Stifel Nicolaus in the past 90 days.
Do Wall Street analysts like ESAB more than its competitors?: Analysts like ESAB more than other "industrial products" companies. The consensus rating score for ESAB is 2.63 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how ESAB compares to other companies.