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Eaton (ETN) Stock Forecast & Price Target

$311.89
+2.82 (+0.91%)
(As of 07/19/2024 ET)

Eaton - 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 17 Wall Street analysts who have issued ratings for Eaton in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 1 has given a sell rating, 3 have given a hold rating, and 13 have given a buy rating for ETN.

Consensus Price Target

$323.06
3.58% Upside
High Forecast$385.00
Average Forecast$323.06
Low Forecast$238.00

According to the 17 analysts' twelve-month price targets for Eaton, the average price target is $323.06. The highest price target for ETN is $385.00, while the lowest price target for ETN is $238.00. The average price target represents a forecasted upside of 3.58% from the current price of $311.89.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$323.06$314.27$295.60$191.31
Forecasted Upside3.58% Upside7.60% Upside8.79% Upside10.58% Upside
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ETN 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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ETN 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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Eaton Stock vs. The Competition

TypeEatonIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.71
2.54
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside3.58% Upside41.34% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$370.00 ➝ $385.00+17.70%
7/10/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$316.00 ➝ $318.00-2.72%
6/28/2024Raymond James
4 of 5 stars
 Initiated CoverageOutperform$375.00+19.45%
5/3/2024HSBC
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 Boost TargetHold ➝ Hold$240.00 ➝ $280.00-12.64%
5/2/2024Argus
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 Boost TargetBuy ➝ Buy$290.00 ➝ $350.00+13.45%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$279.00 ➝ $325.00+3.39%
5/1/2024Mizuho
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 Reiterated RatingBuy ➝ Buy$340.00 ➝ $355.00+12.79%
4/8/2024Wolfe Research
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 Reiterated RatingPeer Perform ➝ Underperform$312.00-5.60%
4/5/2024Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform$286.00 ➝ $371.00+15.88%
3/18/2024Bank of America
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 Boost TargetBuy ➝ Buy$320.00 ➝ $330.00+9.68%
3/15/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$287.00 ➝ $328.00+9.15%
3/6/2024Berenberg Bank
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 Boost TargetBuy ➝ Buy$200.00 ➝ $345.00+18.17%
2/20/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$262.00 ➝ $308.00+11.81%
2/2/2024UBS Group
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 Boost TargetBuy ➝ Buy$255.00 ➝ $305.00+12.63%
2/2/2024Citigroup
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 Boost TargetBuy ➝ Buy$270.00 ➝ $310.00+14.48%
12/19/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$220.00 ➝ $257.00+8.34%
9/25/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$235.00 ➝ $238.00+11.92%
4/12/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$188.00 ➝ $189.00+19.02%
12/6/2022Oppenheimer
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 DowngradeOutperform ➝ Market Perform
11/2/2022Credit Suisse Group
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 Boost TargetOutperform$157.00 ➝ $174.00+14.75%
8/2/2022Robert W. Baird
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 Set Target$144.00-1.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:22 AM ET.

ETN Forecast - Frequently Asked Questions

What is Eaton's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Eaton is $323.06, with a high forecast of $385.00 and a low forecast of $238.00.

Should I buy or sell Eaton stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eaton in the last year. There is currently 1 sell rating, 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ETN shares.

Does Eaton's stock price have much upside?

According to analysts, Eaton's stock has a predicted upside of 9.03% based on their 12-month stock forecasts.

What analysts cover Eaton?

Eaton has been rated by research analysts at Argus, Barclays, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, and Raymond James in the past 90 days.

Do Wall Street analysts like Eaton more than its competitors?

Analysts like Eaton more than other "industrial products" companies. The consensus rating score for Eaton is 2.71 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how ETN compares to other companies.


This page (NYSE:ETN) was last updated on 7/20/2024 by MarketBeat.com Staff

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