Shell (SHEL) Stock Forecast & Price Target

Q: What analysts cover Shell?

Shell has been rated by research analysts at Barclays , Erste Group Bank , HSBC , Mizuho , Morgan Stanley , Piper Sandler , TD Cowen , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$103.52 -0.06 (-0.05%)

Closing price 10/15/2026 03:59 PM Eastern

Extended Trading

$103.17 -0.35 (-0.34%)

As of 10/15/2026 07:59 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
9

Buy
9

Based on 18 Wall Street analysts who have issued ratings for Shell in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 9 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for SHEL.

Consensus Price Target

$106.63
3.00% Upside

According to the 18 analysts' twelve-month price targets for Shell, the average price target is $106.63. The highest price target for SHEL is $122.40, while the lowest price target for SHEL is $90.00. The average price target represents a forecasted upside of 3.00% from the current price of $103.52.

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 10/16/25 to 10/16/26	1 Month Ago 9/16/25 to 9/16/26	3 Months Ago 7/18/25 to 7/18/26	1 Year Ago 10/16/24 to 10/16/25
Strong Buy	2 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	9 Hold rating(s)	11 Hold rating(s)	12 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	$106.63	$107.46	$100.46	$80.79
Forecasted Upside	3.00% Upside	12.32% Upside	15.00% Upside	13.10% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Moderate 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	2.61	2.44	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.00% Upside	49.44% Upside	17.79% Upside
News Sentiment Rating	Neutral News See Recent SHEL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/12/2026	Mizuho 3 of 5 stars	Nitin Kumar 5 of 5 stars	Set Target		$103.00	+2.85%
10/8/2026	Weiss Ratings 3 of 5 stars		Upgrade	Buy (B) ➝ Buy (A-)
10/6/2026	Zacks Research 4 of 5 stars		Upgrade	Hold ➝ Strong-Buy
10/5/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Overweight
9/28/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Gabelman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$107.00 ➝ $115.00	+18.32%
9/25/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$90.00	-5.82%
9/25/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
9/3/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Martijn Rats Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Equal Weight ➝ Overweight	$101.30	+9.74%
9/3/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	John Royall Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$89.00 ➝ $100.00	+7.84%
8/27/2026	Erste Group Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy
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7/31/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Sam Margolin Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$100.00 ➝ $105.00	+16.05%
5/21/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Wilson Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$122.40	+39.21%
4/22/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Betty Zhang Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sector Outperform	$91.00 ➝ $122.00	+36.38%
4/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target	Outperform ➝ Neutral	$101.00	+10.36%
4/9/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
1/26/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Sector Perform
12/5/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Neutral
11/3/2025	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral
10/8/2025	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Doug Leggate Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Peer Perform
8/20/2025	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Hold	$70.00	-2.01%
7/11/2025	Santander Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Neutral
6/16/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	N. Beveridge Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Market Perform
4/4/2025	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:07 AM 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 Monday, October 12, 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:

Shell is acquiring a 30% interest in Equinor's Bay du Nord oil project offshore Newfoundland, a roughly $10 billion development that expands the company's long-term upstream portfolio and provides additional production growth opportunities.
The company's third-quarter outlook points to stronger Integrated Gas production and refining margins, with RBC raising its cash-flow estimate and a revised profit forecast of $11.5 billion that remains above the $9.5 billion consensus estimate.
Shell's stock is currently trading at $101.59, which is near its 52-week high of $102.47, reflecting strong recent momentum and a consensus rating of Moderate Buy from eighteen research firms with an average price target of $106.08.
The Pearl gas-to-liquids plant in Qatar has partially restarted and naphtha shipments have resumed after war-related damage, supporting revenue recovery and operational resilience in a key market.
Shell is using drones to inspect facilities and accelerate production restarts after hurricanes, potentially reducing downtime and improving operational efficiency in the face of weather-related disruptions.

Shell
Bear Case

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

Shell and Chevron curtailed Gulf of Mexico output as Tropical Storm Isaias approached, creating near-term production losses and weather-related uncertainty that may impact short-term revenue.
Brazilian prosecutors have sued Shell for US$108 million over floods, representing a potential legal and financial liability that could affect the company's bottom line.
Full production recovery at the Pearl gas-to-liquids plant in Qatar depends on further repairs and regional shipping security, introducing operational risk and potential delays in revenue normalization.
Capital requirements and project timing for the Bay du Nord acquisition remain important considerations, as the company must balance long-term growth with immediate capital discipline and execution risks.
Short interest in Shell has increased in recent months, with shares shorted rising to 20.48 million as of September 30, 2026, indicating some investor skepticism about the stock's future performance.

SHEL Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is $106.63, with a high forecast of $122.40 and a low forecast of $90.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell in the last year. There are currently 9 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHEL shares.

According to analysts, Shell's stock has a predicted upside of 3.00% based on their 12-month stock forecasts.

Over the previous 90 days, Shell's stock had 4 upgrades by analysts.

Shell has been rated by research analysts at Barclays, Erste Group Bank, HSBC, Mizuho, Morgan Stanley, Piper Sandler, TD Cowen, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Shell more than other "energy" companies. The consensus rating for Shell is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how SHEL compares to other companies.

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MarketBeat monitors more than a dozen sources for Shell analyst ratings, with the most recent rating issued on 10/12/2026.

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Shell (SHEL) Stock Forecast & Price Target