Shell (SHEL) Stock Forecast & Price Target

$86.79 -1.67 (-1.89%)

Closing price 03:59 PM Eastern

Extended Trading

$86.85 +0.06 (+0.07%)

As of 06:35 PM Eastern

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Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
0

Hold
13

Buy
7

Based on 20 Wall Street analysts who have issued ratings for Shell in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 13 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for SHEL.

Consensus Price Target

$97.33
12.15% Upside

According to the 20 analysts' twelve-month price targets for Shell, the average price target is $97.33. The highest price target for SHEL is $122.00, while the lowest price target for SHEL is $70.00. The average price target represents a forecasted upside of 12.15% from the current price of $86.79.

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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SHEL Analyst Ratings Over Time

Type	Current Forecast 5/20/25 to 5/20/26	1 Month Ago 4/20/25 to 4/20/26	3 Months Ago 2/19/25 to 2/19/26	1 Year Ago 5/20/24 to 5/20/25
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	6 Buy rating(s)	4 Buy rating(s)	7 Buy rating(s)	11 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	10 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$97.33	$92.90	$81.33	$78.35
Forecasted Upside	12.15% Upside	5.71% Upside	1.10% Upside	17.66% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Buy

SHEL 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.

SHEL 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.

Shell Stock vs. The Competition

Type	Shell	Energy Companies	Broader Market
Consensus Rating Score	2.40	2.41	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.80% Upside	33.15% Upside	16.75% Upside
News Sentiment Rating	Positive News See Recent SHEL 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
5/18/2026	Weiss Ratings Not Rated		Upgrade	Hold (C+) ➝ Buy (B)
5/18/2026	HSBC 3 of 5 stars		Upgrade	Hold ➝ Buy
5/5/2026	Erste Group Bank 2 of 5 stars		Reiterated Rating	Buy ➝ Hold
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Zhang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Outperform	$91.00 ➝ $122.00	+36.38%
4/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Outperform ➝ Neutral	$101.00	+10.36%
4/13/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/10/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Gabelman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$112.00 ➝ $110.00	+19.78%
4/9/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
4/9/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Margolin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$77.00 ➝ $94.00	+2.13%
3/24/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
Get the Latest News and Ratings for SHEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Shell and its competitors with MarketBeat's FREE daily newsletter.
3/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan Todd Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$89.00 ➝ $106.00	+19.55%
1/26/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
1/8/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
12/5/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/25/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/3/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
10/8/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Doug Leggate Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
8/20/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold	$70.00	-2.01%
7/11/2025	Santander Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Neutral
6/16/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Beveridge Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/4/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
3/26/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	L. Rainforth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight
8/5/2024	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	H. Tarr Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
6/6/2024	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	Boost Target	Buy	$77.00 ➝ $79.00	+12.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:56 PM ET.

Should I Buy Shell Stock? SHEL 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 Saturday, May 16, 2026. Please send any questions or comments about these Shell pros and cons to contact@marketbeat.com.

Shell
Bull Case

Here are some ways that investors could benefit from investing in Shell:

The current stock price is around $89.46, which reflects a potential upside based on recent analyst target price increases.
Shell has a strong market capitalization of approximately $253.34 billion, indicating a solid position in the energy sector.
The company has a low debt-to-equity ratio of 0.38, suggesting financial stability and lower risk associated with debt.
Recent earnings reports show a return on equity of 10.34%, which indicates effective management and profitability relative to shareholder equity.
Analysts have a consensus rating of "Hold" with a price target of around $97.33, suggesting that the stock is expected to perform well in the near term.

Shell
Bear Case

Investors should be bearish about investing in Shell for these reasons:

The company reported earnings per share (EPS) of $1.14, which was below the consensus estimate, indicating potential challenges in meeting market expectations.
Shell's revenue for the last quarter was $64.09 billion, falling short of the expected $65.82 billion, which may raise concerns about future growth.
Despite a low beta of 0.10, indicating less volatility compared to the market, this could also suggest limited growth potential in a rising market.
Recent downgrades from some analysts, including a shift from "overweight" to "equal weight," may signal caution among investors regarding the stock's performance.
The stock's fifty-day moving average price is $87.32, which is close to the current price, indicating limited short-term upward momentum.

SHEL Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is $97.33, with a high forecast of $122.00 and a low forecast of $70.00.

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shell in the last year. There are currently 13 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SHEL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHEL, but not buy additional shares or sell existing shares.

According to analysts, Shell's stock has a predicted upside of 12.15% based on their 12-month stock forecasts.

Over the previous 90 days, Shell's stock had 5 upgrades and 5 downgrades by analysts.

Shell has been rated by research analysts at BNP Paribas Exane, Erste Group Bank, HSBC, Morgan Stanley, Piper Sandler, Rothschild & Co Redburn, Scotiabank, TD Cowen, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Shell less than other "energy" companies. The consensus rating score for Shell is 2.40 while the average consensus rating score for "energy" companies is 2.41. Learn more on how SHEL compares to other companies.

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This page (NYSE:SHEL) was last updated on 5/20/2026 by MarketBeat.com Staff.

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Shell (SHEL) Stock Forecast & Price Target

Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHEL Analyst Ratings Over Time

SHEL Analyst Recommendations By Month

SHEL Price Targets by Month

Shell Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Shell Stock? SHEL Pros and Cons Explained

Shell
Bull Case

Shell
Bear Case

SHEL Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Shell Recommendations

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Shell (SHEL) Stock Forecast & Price Target

Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHEL Analyst Ratings Over Time

SHEL Analyst Recommendations By Month

SHEL Price Targets by Month

Shell Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Shell Stock? SHEL Pros and Cons Explained

Shell Bull Case

Shell Bear Case

SHEL Forecast - Frequently Asked Questions

What is Shell's forecast for 2026?

Should I buy or sell Shell stock right now?

Does Shell's stock price have much upside?

Has Shell been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Shell?

Do Wall Street analysts like Shell more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Shell Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Shell
Bull Case

Shell
Bear Case