Chevron Corporation (CVX)
NYSE: CVX · IEX Real-Time Price · USD
161.91
-0.76 (-0.47%)
May 20, 2024, 12:13 PM EDT - Market open
Chevron Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Chevron stock have an average target of 185.83, with a low estimate of 160 and a high estimate of 206. The average target predicts an increase of 14.77% from the current stock price of 161.91.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Chevron stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 6 | 6 | 6 |
| Buy | 8 | 6 | 6 | 4 | 7 | 7 |
| Hold | 5 | 7 | 8 | 8 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 19 | 20 | 18 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Strong Buy Maintains $200 → $205 | Strong Buy | Maintains | $200 → $205 | +26.61% | May 13, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $156 → $166 | Hold | Maintains | $156 → $166 | +2.53% | May 10, 2024 |
| HSBC | HSBC | Strong Buy Maintains $175 → $178 | Strong Buy | Maintains | $175 → $178 | +9.94% | Apr 30, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $198 → $206 | Buy | Maintains | $198 → $206 | +27.23% | Apr 30, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $155 → $160 | Hold | Maintains | $155 → $160 | -1.18% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
199.12B
from 200.95B
Decreased by -0.91%
Revenue Next Year
200.05B
from 199.12B
Increased by 0.47%
EPS This Year
12.80
from 11.36
Increased by 12.71%
EPS Next Year
14.55
from 12.80
Increased by 13.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 234.3B | 246.7B | 250.9B | 162.5B | 161.8B |
| Avg | 199.1B | 200.1B | 195.8B | 156.3B | 155.7B |
| Low | 92.8B | 99.2B | 99.3B | 151.7B | 151.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.6% | 23.9% | 25.4% | -17.0% | 3.5% |
| Avg | -0.9% | 0.5% | -2.1% | -20.2% | -0.4% |
| Low | -53.8% | -50.2% | -50.4% | -22.5% | -3.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.49 | 19.73 | 17.38 | 16.53 | 16.87 |
| Avg | 12.80 | 14.55 | 14.43 | 14.05 | 14.73 |
| Low | 9.69 | 8.59 | 10.06 | 11.93 | 12.77 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.3% | 54.1% | 19.4% | 14.5% | 20.1% |
| Avg | 12.7% | 13.6% | -0.8% | -2.6% | 4.8% |
| Low | -14.7% | -32.9% | -30.9% | -17.3% | -9.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.