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Chevron (CVX) Stock Forecast & Price Target

$159.97
-1.17 (-0.73%)
(As of 05:45 PM ET)

Chevron - 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

Moderate Buy
Based on 19 Analyst Ratings

Consensus Price Target

$186.10
16.33% Upside
High Forecast$206.00
Average Forecast$186.10
Low Forecast$160.00
TypeCurrent Forecast
5/22/23 to 5/21/24
1 Month Ago
4/22/23 to 4/21/24
3 Months Ago
2/21/23 to 2/21/24
1 Year Ago
5/22/22 to 5/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
14 Buy rating(s)
12 Buy rating(s)
11 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$186.10$184.75$180.95$193.65
Forecasted Upside16.33% Upside18.60% Upside18.36% Upside16.19% Upside
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CVX 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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CVX 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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Chevron Stock vs. The Competition

TypeChevronOils/Energy CompaniesS&P 500
Consensus Rating Score
2.74
2.54
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside15.49% Upside521.68% Upside8.28% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$200.00 ➝ $205.00+24.42%
5/10/2024Truist Financial
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 Boost TargetHold ➝ Hold$156.00 ➝ $166.00+0.58%
4/30/2024HSBC
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 Boost TargetBuy ➝ Buy$175.00 ➝ $178.00+8.68%
4/30/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$198.00 ➝ $206.00+25.39%
4/29/2024TD Cowen
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 Boost TargetHold ➝ Hold$155.00 ➝ $160.00-3.55%
4/18/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$180.00 ➝ $204.00+29.63%
4/15/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$170.00 ➝ $174.00+9.68%
4/11/2024Scotiabank
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 UpgradeSector Perform ➝ Sector Outperform$170.00 ➝ $195.00+19.93%
4/10/2024Barclays
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 Initiated CoverageOverweight$203.00+25.31%
4/9/2024UBS Group
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 Boost TargetBuy ➝ Buy$185.00 ➝ $197.00+22.68%
4/1/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy
2/6/2024DZ Bank
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 DowngradeBuy ➝ Hold$160.00+5.04%
2/5/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$185.00 ➝ $190.00+24.95%
1/8/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$184.00+22.34%
11/2/2023Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$184.00 ➝ $182.00+26.44%
10/30/2023Bank of America
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 UpgradeNeutral ➝ Buy$190.00 ➝ $200.00+38.55%
10/17/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$203.00 ➝ $201.00+20.29%
10/12/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform$190.00+17.94%
7/11/2023Citigroup
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 Lower Target$180.00 ➝ $170.00+9.48%
5/31/2023JPMorgan Chase & Co.
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 UpgradeUnderweight ➝ Neutral$161.00 ➝ $170.00+11.05%
2/24/2023Cowen
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 Lower TargetOutperform$185.00 ➝ $170.00+4.98%
10/31/2022Cowen
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 Boost TargetOutperform$160.00 ➝ $185.00+2.79%
8/11/2022Credit Suisse Group
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 Reiterated RatingOutperform$202.00+29.64%
8/4/2022Societe Generale
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Irene Himona
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UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:09 PM ET.

CVX Frequently Asked Questions

What is Chevron's stock forecast and purchase recommendation?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $186.10, with a high forecast of $206.00 and a low forecast of $160.00. The consensus rating for Chevron stock is Moderate Buy based on the current 5 hold ratings and 14 buy ratings for CVX. Learn more on CVX's analyst rating history.

Do Wall Street analysts like Chevron more than its competitors?

Analysts like Chevron more than other "oils/energy" companies. The consensus rating score for Chevron is 2.74 while the average consensus rating score for "oils/energy" companies is 2.54. Learn more on how CVX compares to other companies.

Is Chevron being upgraded by Wall Street analysts?

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

Does Chevron's stock price have much upside?

According to analysts, Chevron's stock has a predicted upside of 17.61% based on their 12-month stock forecasts.

What analysts cover Chevron?

Chevron has been rated by research analysts at Barclays, HSBC, Mizuho, Piper Sandler, Raymond James, Scotiabank, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:CVX) was last updated on 5/21/2024 by MarketBeat.com Staff

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