Albemarle (ALB) Stock Forecast & Price Target

$86.57

-3.25 (-3.62%)

(As of 09/18/2024 ET)

Albemarle - 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 23 Analyst Ratings

Based on 23 Wall Street analysts who have issued ratings for Albemarle in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 1 has given a sell rating, 15 have given a hold rating, and 7 have given a buy rating for ALB.

Consensus Price Target

$117.10
35.27% Upside

High Forecast	$180.00
Average Forecast	$117.10
Low Forecast	$78.00

According to the 23 analysts' twelve-month price targets for Albemarle, the average price target is $117.10. The highest price target for ALB is $180.00, while the lowest price target for ALB is $78.00. The average price target represents a forecasted upside of 35.27% from the current price of $86.57.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	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	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)	14 Buy rating(s)
Hold	15 Hold rating(s)	15 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$117.10	$122.60	$165.11	$273.76
Forecasted Upside	35.27% Upside	22.02% Upside	23.51% Upside	27.28% Upside

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ALB 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.

ALB 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.

Albemarle Stock vs. The Competition

Type	Albemarle	Basic Materials Companies	S&P 500
Consensus Rating Score	2.26	2.72	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	35.27% Upside	180.23% Upside	7.93% Upside
News Sentiment Rating	Neutral 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
8/28/2024	Evercore ISI 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$190.00 ➝ $170.00	+90.99%
8/19/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$115.00 ➝ $78.00	-1.71%
8/16/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Hold ➝ Hold	$105.00 ➝ $80.00	+1.88%
8/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$95.00 ➝ $90.00	+13.82%
8/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$135.00 ➝ $85.00	+4.04%
8/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$128.00 ➝ $111.00	+33.21%
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8/5/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Kallo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/5/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$151.00 ➝ $132.00	+51.74%
8/5/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$102.00 ➝ $85.00	-2.29%
8/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$135.00 ➝ $126.00	+48.64%
7/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$128.00 ➝ $103.00	+10.48%
7/31/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Castanos-Moll Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$160.00 ➝ $83.00	-10.28%
7/17/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Seshadri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/17/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$95.00	-3.62%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$137.00 ➝ $100.00	+2.22%
7/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$145.00 ➝ $100.00	+3.20%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$124.00 ➝ $109.00	+20.48%
7/9/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$188.00 ➝ $178.00	+92.31%
3/15/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$168.00 ➝ $162.00	+29.53%
3/8/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$145.00	+18.19%
3/1/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
1/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$220.00 ➝ $130.00	+8.48%
11/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$265.00 ➝ $180.00	+48.06%
8/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$163.00 ➝ $185.00	-8.82%
2/21/2023	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
1/26/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight
11/28/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$145.00 ➝ $155.00	-41.51%
9/30/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	feels is Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$350.00	+30.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:31 AM ET.

ALB Forecast - Frequently Asked Questions

What is Albemarle's forecast for 2024?: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Albemarle is $117.10, with a high forecast of $180.00 and a low forecast of $78.00.
Should I buy or sell Albemarle stock right now?: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There is currently 1 sell rating, 15 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALB, but not buy additional shares or sell existing shares.
Does Albemarle's stock price have much upside?: According to analysts, Albemarle's stock has a predicted upside of 22.37% based on their 12-month stock forecasts.
Has Albemarle been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Albemarle's stock had 5 downgrades and 1 upgrade by analysts.
What analysts cover Albemarle?: Albemarle has been rated by research analysts at Baird R W, Bank of America, Berenberg Bank, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Hsbc Global Res, HSBC, JPMorgan Chase & Co., KeyCorp, Mizuho, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Albemarle more than its competitors?: Analysts like Albemarle less than other "basic materials" companies. The consensus rating for Albemarle is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ALB compares to other companies.