Westlake (WLK) Stock Forecast & Price Target

$132.01

+0.53 (+0.40%)

(As of 11:11 AM 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

Hold

Based on 13 Analyst Ratings

Sell
1

Hold
6

Buy
6

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

Consensus Price Target

$165.92
24.30% Upside

According to the 13 analysts' twelve-month price targets for Westlake, the average price target is $165.92. The highest price target for WLK is $180.00, while the lowest price target for WLK is $135.00. The average price target represents a forecasted upside of 24.30% from the current price of $132.01.

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WLK Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$165.92	$167.50	$160.55	$128.29
Forecasted Upside	24.30% Upside	13.33% Upside	11.89% Upside	5.77% Upside
Consensus Rating	Hold	Hold	Hold	Reduce

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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.

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.

Westlake Stock vs. The Competition

Type	Westlake	Basic Materials Companies	S&P 500
Consensus Rating Score	2.38	2.75	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	26.19% Upside	117.01% Upside	10.48% Upside
News Sentiment Rating	Positive News See Recent WLK News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Bank of America 4 of 5 stars		Upgrade	Underperform ➝ Neutral	$151.00 ➝ $159.00	+12.13%
10/11/2024	Royal Bank of Canada 4 of 5 stars	A. Viswanathan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$174.00 ➝ $170.00	+18.46%
9/30/2024	Barclays 3 of 5 stars	M. Leithead Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$162.00 ➝ $180.00	+19.93%
9/5/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $170.00	+23.58%
8/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$123.00 ➝ $135.00	-6.69%
8/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$167.00 ➝ $171.00	+19.90%
Get the Latest News and Ratings for WLK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Westlake and its competitors with MarketBeat's FREE daily newsletter.
8/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$170.00	+18.48%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$172.00 ➝ $160.00	+14.12%
6/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$162.00 ➝ $168.00	+11.93%
4/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$138.00 ➝ $174.00	+17.13%
4/8/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$154.00	-4.03%
4/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $180.00	+17.36%
1/2/2024	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
10/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Sector Weight
7/19/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$110.00	-14.22%
5/9/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$100.00 ➝ $114.00	+5.42%
11/7/2022	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Perform ➝ Sector Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:45 AM ET.

WLK Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Westlake is $165.92, with a high forecast of $180.00 and a low forecast of $135.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 6 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.
: According to analysts, Westlake's stock has a predicted upside of 25.68% based on their 12-month stock forecasts.
: Over the previous 90 days, Westlake's stock had 3 upgrades by analysts.
: Westlake has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, JPMorgan Chase & Co., Mizuho, Piper Sandler, and Royal Bank of Canada in the past 90 days.
: 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.

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This page (NYSE:WLK) was last updated on 11/5/2024 by MarketBeat.com Staff

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Westlake (WLK) Stock Forecast & Price Target