Plains GP (PAGP) Stock Forecast & Price Target

$19.37

+0.38 (+2.00%)

(As of 07/26/2024 ET)

Plains GP - 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

Hold
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Plains GP in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 2 have given a sell rating, 1 has given a hold rating, and 6 have given a buy rating for PAGP.

Consensus Price Target

$20.11
3.83% Upside

High Forecast	$23.00
Average Forecast	$20.11
Low Forecast	$16.00

According to the 9 analysts' twelve-month price targets for Plains GP, the average price target is $20.11. The highest price target for PAGP is $23.00, while the lowest price target for PAGP is $16.00. The average price target represents a forecasted upside of 3.83% from the current price of $19.37.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.11	$19.82	$19.55	$16.50
Forecasted Upside	3.83% Upside	10.21% Upside	11.06% Upside	21.92% Upside

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PAGP 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.

PAGP 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.

Plains GP Stock vs. The Competition

Type	Plains GP	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.44	2.56	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.91% Upside	223.72% Upside	9.48% Upside
News Sentiment Rating	Positive News	Positive 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
6/10/2024	Morgan Stanley 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+12.04%
5/8/2024	Wells Fargo & Company 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+8.87%
5/6/2024	Citigroup 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$17.50 ➝ $18.00	-0.94%
4/16/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$18.00 ➝ $22.00	+19.05%
4/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$22.00 ➝ $23.00	+22.93%
4/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$14.50 ➝ $16.00	-16.14%
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4/12/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$16.00 ➝ $18.00	-5.66%
4/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$23.00	+17.11%
11/6/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$17.00 ➝ $21.00	+29.23%
7/21/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy	$17.00 ➝ $18.00	+15.98%
7/12/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$17.00 ➝ $19.00	+24.10%
3/9/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$14.00 ➝ $15.00	+9.89%
8/1/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:15 PM ET.

PAGP Forecast - Frequently Asked Questions

What is Plains GP's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Plains GP is $20.11, with a high forecast of $23.00 and a low forecast of $16.00.
Should I buy or sell Plains GP stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 2 sell ratings, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PAGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAGP, but not buy additional shares or sell existing shares.
Does Plains GP's stock price have much upside?: According to analysts, Plains GP's stock has a predicted upside of 9.28% based on their 12-month stock forecasts.
What analysts cover Plains GP?: Plains GP has been rated by research analysts at Citigroup, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Plains GP more than its competitors?: Analysts like Plains GP less than other "oils/energy" companies. The consensus rating for Plains GP is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PAGP compares to other companies.