PPG Industries (PPG) Stock Forecast & Price Target

$106.29 -0.91 (-0.85%)

Closing price 09/24/2026 03:59 PM Eastern

Extended Trading

$106.28 -0.02 (-0.01%)

As of 04:25 AM Eastern

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PPG Industries - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 17 Analyst Ratings

Sell
0

Hold
9

Buy
8

Based on 17 Wall Street analysts who have issued ratings for PPG Industries in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 9 have given a hold rating, and 8 have given a buy rating for PPG.

Consensus Price Target

$126.81
19.31% Upside

According to the 17 analysts' twelve-month price targets for PPG Industries, the average price target is $126.81. The highest price target for PPG is $138.00, while the lowest price target for PPG is $110.00. The average price target represents a forecasted upside of 19.31% from the current price of $106.29.

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.

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PPG Analyst Ratings Over Time

Type	Current Forecast 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	9 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$126.81	$126.00	$123.73	$129.82
Forecasted Upside	19.31% Upside	10.21% Upside	0.41% Upside	24.90% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

PPG 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.

PPG 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.

PPG Industries Stock vs. The Competition

Type	PPG Industries	Materials Companies	Broader Market
Consensus Rating Score	2.47	2.57	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	19.31% Upside	139.13% Upside	19.68% Upside
News Sentiment Rating	Neutral News See Recent PPG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Sanford C. Bernstein 3 of 5 stars	James Hooper Not Rated	Reiterated Rating	Outperform	$136.00	+26.77%
9/14/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Hold (C)
9/11/2026	KeyCorp 2 of 5 stars	Salvator Tiano Not Rated	Initiated Coverage	Sector Weight ➝ Overweight	$133.00	+26.79%
7/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joshua Spector Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$130.00 ➝ $125.00	+11.56%
7/30/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Cunningham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$125.00 ➝ $121.00	+7.87%
7/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Arun Viswanathan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$129.00 ➝ $122.00	+8.80%
7/17/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Byrne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$127.00 ➝ $134.00	+12.77%
7/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John McNulty Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$140.00 ➝ $138.00	+10.14%
7/1/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Roberts Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$125.00 ➝ $135.00	+11.36%
5/1/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$134.00 ➝ $130.00	+20.90%
Get the Latest News and Ratings for PPG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PPG Industries and its competitors with MarketBeat's FREE daily newsletter.
4/30/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$126.00 ➝ $125.00	+15.00%
4/30/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$115.00 ➝ $116.00	+6.72%
4/10/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Sison Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$135.00 ➝ $130.00	+17.33%
3/27/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$120.00 ➝ $130.00	+22.08%
3/26/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$125.00 ➝ $116.00	+8.93%
2/18/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target		$112.00 ➝ $128.00	+1.13%
1/23/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
12/4/2025	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$131.00 ➝ $110.00	+8.85%
5/1/2025	Fermium Researc Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	F. Mitsch Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
3/10/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold
2/3/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:00 AM ET.

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 23, 2026. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Industries
Bull Case

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

PPG Industries, Inc. recently increased its quarterly dividend to $0.74 per share, up from the previous $0.71, resulting in an annualized yield of approximately 2.75% based on the current stock price of $107.13. This payout ratio of 42.41% indicates that the company retains a significant portion of its earnings for reinvestment while still providing a growing income stream to shareholders, a key benefit for income-focused investors.
Institutional confidence in the company is strengthening, evidenced by State Street Corp increasing its position by 8.8% in the second quarter to hold 13,871,116 shares. Additionally, Nykredit A S initiated a new stake of 722,178 shares valued at approximately $87.59 million, suggesting that large institutional investors are accumulating shares ahead of potential future growth.
KeyCorp initiated coverage on PPG Industries, Inc. on September 11, 2026, with an "overweight" rating and a price target of $133.00. This target represents a potential upside of nearly 24% from the current trading price of $107.13, reflecting analyst optimism about the company's valuation and future earnings potential.
The company demonstrated strong operational performance in the second quarter of 2026, reporting revenue of $4.50 billion, which exceeded the consensus estimate of $4.37 billion. This 7.2% year-over-year revenue growth indicates that PPG Industries, Inc. is successfully expanding its top line despite broader economic headwinds in the industrial sector.
PPG Industries, Inc. maintains a solid financial position with a current ratio of 1.58 and a quick ratio of 1.15, indicating sufficient liquidity to cover short-term obligations. The company's debt-to-equity ratio of 0.72 suggests a moderate leverage level that supports financial stability while allowing for strategic investments in new technologies like low-temperature cure automotive coatings.

PPG Industries
Bear Case

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

The stock is currently trading at $107.13, which is significantly below its 52-week high of $133.43 and below the 50-day moving average of $112.68. This price action suggests that the stock has been underperforming in the recent period, potentially indicating investor skepticism about the company's near-term trajectory or broader market sentiment toward the specialty chemicals sector.
Despite strong revenue growth, PPG Industries, Inc. missed its earnings per share expectations in the second quarter of 2026, reporting $2.23 in EPS compared to the consensus estimate of $2.25. This miss, combined with a net margin of 9.57%, suggests that cost pressures or operational inefficiencies may be impacting profitability despite top-line expansion.
The consensus rating from analysts remains "Hold" with a target price of $126.44, which, while above the current price, reflects a cautious outlook. Eight analysts rate the stock as Buy while nine rate it as Hold, indicating a divided opinion among investment professionals about the stock's immediate upside potential and risk profile.
Short interest in PPG Industries, Inc. has been relatively high, with 5,857,756 shares shorted as of August 31, 2026. Although the short percentage of float is 2.64%, the days to cover of 4.84 suggest that it would take nearly five trading days to close all short positions, which could create volatility if the stock price moves sharply in either direction.
PPG Industries, Inc. has underperformed the Dow Jones Industrial Average over the past year, as noted in recent market analysis. This relative underperformance may deter investors seeking outperformance against major market indices, particularly if the company's growth in the industrial coatings segment does not accelerate in the coming quarters.

PPG Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for PPG Industries is $126.81, with a high forecast of $138.00 and a low forecast of $110.00.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPG Industries in the last twelve months. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares.

According to analysts, PPG Industries's stock has a predicted upside of 19.31% based on their 12-month stock forecasts.

Over the previous 90 days, PPG Industries's stock had 1 upgrade by analysts.

PPG Industries has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, KeyCorp, Mizuho, Royal Bank Of Canada, Sanford C. Bernstein, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like PPG Industries less than other "materials" companies. The consensus rating for PPG Industries is Hold while the average consensus rating for "materials" companies is Moderate Buy. Learn more on how PPG compares to other companies.

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MarketBeat monitors more than a dozen sources for PPG Industries analyst ratings, with the most recent rating issued on 9/24/2026.

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PPG Industries (PPG) Stock Forecast & Price Target

PPG Industries - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PPG Analyst Ratings Over Time

PPG Analyst Recommendations By Month

PPG Price Targets by Month

PPG Industries Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

PPG Industries
Bull Case

PPG Industries
Bear Case

PPG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With PPG Industries Recommendations

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PPG Industries (PPG) Stock Forecast & Price Target

PPG Industries - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PPG Analyst Ratings Over Time

PPG Analyst Recommendations By Month

PPG Price Targets by Month

PPG Industries Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

PPG Industries Bull Case

PPG Industries Bear Case

PPG Forecast - Frequently Asked Questions

What is PPG Industries' forecast for 2026?

Should I buy or sell PPG Industries stock right now?

Does PPG Industries's stock price have much upside?

Has PPG Industries been upgraded by Wall Street analysts recently?

What analysts cover PPG Industries?

Do Wall Street analysts like PPG Industries more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With PPG Industries Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

PPG Industries
Bull Case

PPG Industries
Bear Case