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Westlake (WLK) Stock Forecast & Price Target

$147.26
+1.14 (+0.78%)
(As of 03:38 PM ET)

Westlake - 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

Consensus Price Target

$153.15
4.00% Upside
High Forecast$180.00
Average Forecast$153.15
Low Forecast$110.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Hold
Hold
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$153.15$151.00$138.79$121.73
Forecasted Upside4.00% Upside3.46% Upside-0.14% Downside7.53% Upside
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WLK 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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WLK 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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Westlake Stock vs. The Competition

TypeWestlakeBasic Materials CompaniesS&P 500
Consensus Rating Score
2.21
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside4.01% Upside385.57% Upside8.94% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$172.00 ➝ $160.00+14.12%
6/17/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$160.00 ➝ $162.00+9.25%
6/14/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$162.00 ➝ $168.00+11.93%
6/14/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$158.00 ➝ $158.00+6.27%
5/7/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$160.00 ➝ $180.00+17.42%
4/18/2024Bank of America
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 UpgradeHold ➝ Buy$138.00 ➝ $174.00+16.05%
4/18/2024Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$138.00 ➝ $174.00+17.13%
4/8/2024Vertical Research
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 DowngradeBuy ➝ Hold$154.00-4.03%
4/3/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$150.00 ➝ $180.00+17.36%
1/2/2024Tudor, Pickering, Holt & Co.
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 UpgradeSell ➝ Hold
10/3/2023KeyCorp
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 UpgradeUnderweight ➝ Sector Weight
8/8/2023JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$120.00 ➝ $123.00-8.16%
8/7/2023BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$123.00 ➝ $133.00+1.46%
7/19/2023Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$110.00-14.22%
5/9/2023Tudor Pickering
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 DowngradeHold ➝ Sell
12/15/2022The Goldman Sachs Group
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 Boost TargetNeutral$100.00 ➝ $114.00+5.42%
11/7/2022Scotiabank
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B. Isaacson
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DowngradeSector Perform ➝ Sector Underperform
10/3/2022Credit Suisse Group
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John Roberts CFA
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Lower TargetOutperform$120.00 ➝ $110.00+26.61%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:00 PM ET.

WLK Forecast - Frequently Asked Questions

What is Westlake's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Westlake is $153.15, with a high forecast of $180.00 and a low forecast of $110.00.

Should I buy or sell Westlake stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There is currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.

Does Westlake's stock price have much upside?

According to analysts, Westlake's stock has a predicted upside of 5.63% based on their 12-month stock forecasts.

Has Westlake been upgraded by Wall Street analysts recently?

Over the previous 90 days, Westlake's stock had 2 upgrades by analysts.

What analysts cover Westlake?

Westlake has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Piper Sandler, Royal Bank of Canada, and UBS Group in the past 90 days.

Do Wall Street analysts like Westlake more than its competitors?

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


This page (NYSE:WLK) was last updated on 7/12/2024 by MarketBeat.com Staff

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