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Owens Corning (OC) Stock Forecast & Price Target

$172.78
-1.61 (-0.92%)
(As of 07/19/2024 08:56 PM ET)

Owens Corning - 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 13 Wall Street analysts who have issued ratings for Owens Corning in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for OC.

Consensus Price Target

$183.92
6.45% Upside
High Forecast$215.00
Average Forecast$183.92
Low Forecast$143.00

According to the 13 analysts' twelve-month price targets for Owens Corning, the average price target is $183.92. The highest price target for OC is $215.00, while the lowest price target for OC is $143.00. The average price target represents a forecasted upside of 6.45% from the current price of $172.78.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Moderate Buy
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$183.92$179.00$162.14$125.69
Forecasted Upside6.45% Upside11.15% Upside11.87% Upside14.67% Upside
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OC 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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OC 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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Owens Corning Stock vs. The Competition

TypeOwens CorningConstruction CompaniesS&P 500
Consensus Rating Score
2.54
2.56
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside6.45% Upside33.68% Upside10.08% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$172.00 ➝ $188.00+6.09%
7/12/2024Barclays
2 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$190.00 ➝ $189.00+5.27%
7/11/2024Citigroup
3 of 5 stars
A. Pettinari
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UpgradeNeutral ➝ Buy$178.00 ➝ $191.00+14.25%
6/21/2024Loop Capital
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 Boost TargetBuy ➝ Buy$188.00 ➝ $215.00+21.67%
6/17/2024The Goldman Sachs Group
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 Reiterated RatingNeutral$187.00+5.90%
5/22/2024Jefferies Financial Group
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 Initiated CoverageBuy ➝ Buy$215.00+20.47%
5/21/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$192.00 ➝ $201.00+14.11%
4/25/2024Argus
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 Boost TargetBuy ➝ Buy$175.00 ➝ $182.00+11.07%
4/25/2024UBS Group
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 Boost TargetBuy ➝ Buy$169.00 ➝ $192.00+16.63%
2/20/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$164.00 ➝ $163.00+16.05%
2/15/2024Truist Financial
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 Boost TargetHold ➝ Hold$115.00 ➝ $145.00+1.38%
12/8/2023Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$130.00 ➝ $180.00+27.66%
10/17/2023Wells Fargo & Company
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 Initiated CoverageEqual Weight$143.00+10.81%
7/20/2023Benchmark
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 DowngradeBuy ➝ Hold
7/14/2023Bank of America
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 Boost Target$127.00 ➝ $152.00+14.26%
2/16/2023Credit Suisse Group
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 Boost TargetNeutral$90.00 ➝ $95.00-4.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:24 AM ET.

OC Forecast - Frequently Asked Questions

What is Owens Corning's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Owens Corning is $183.92, with a high forecast of $215.00 and a low forecast of $143.00.

Should I buy or sell Owens Corning stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" OC shares.

Does Owens Corning's stock price have much upside?

According to analysts, Owens Corning's stock has a predicted upside of 13.11% based on their 12-month stock forecasts.

Has Owens Corning been upgraded by Wall Street analysts recently?

Over the previous 90 days, Owens Corning's stock had 1 upgrade by analysts.

What analysts cover Owens Corning?

Owens Corning has been rated by research analysts at Argus, Barclays, Citigroup, Evercore ISI, Jefferies Financial Group, Loop Capital, Royal Bank of Canada, The Goldman Sachs Group, and UBS Group in the past 90 days.

Do Wall Street analysts like Owens Corning more than its competitors?

Analysts like Owens Corning less than other "construction" companies. The consensus rating score for Owens Corning is 2.54 while the average consensus rating score for "construction" companies is 2.56. Learn more on how OC compares to other companies.


This page (NYSE:OC) was last updated on 7/22/2024 by MarketBeat.com Staff

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