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Albemarle (ALB) Stock Forecast & Price Target

Albemarle logo
$109.55 +3.10 (+2.91%)
(As of 11/20/2024 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

Sell
1
Hold
15
Buy
6

Based on 22 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 22 analysts, 1 has given a sell rating, 15 have given a hold rating, and 6 have given a buy rating for ALB.

Consensus Price Target

$114.47
4.49% Upside
According to the 22 analysts' twelve-month price targets for Albemarle, the average price target is $114.47. The highest price target for ALB is $170.00, while the lowest price target for ALB is $78.00. The average price target represents a forecasted upside of 4.49% from the current price of $109.55.
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ALB Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
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)
7 Buy rating(s)
11 Buy rating(s)
Hold
15 Hold rating(s)
15 Hold rating(s)
15 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$114.47$117.60$122.60$228.50
Forecasted Upside4.49% Upside21.95% Upside35.47% Upside80.50% Upside
Consensus Rating
Hold
Hold
Hold
Hold
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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.
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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.
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Albemarle Stock vs. The Competition

TypeAlbemarleBasic Materials CompaniesS&P 500
Consensus Rating Score
2.23
2.76
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside4.49% Upside123.60% Upside9.81% Upside
News Sentiment Rating
Neutral News

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Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$108.00 ➝ $133.00+26.27%
11/12/2024KeyCorp
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$132.00 ➝ $127.00+14.94%
11/8/2024Oppenheimer
3 of 5 stars
 Lower TargetOutperform ➝ Outperform$171.00 ➝ $170.00+72.87%
10/25/2024Robert W. Baird
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 Lower TargetNeutral ➝ Neutral$85.00 ➝ $79.00-16.99%
10/8/2024Wells Fargo & Company
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M. Sison
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Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $110.00+9.22%
8/28/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$190.00 ➝ $170.00+90.99%
8/19/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$115.00 ➝ $78.00-1.71%
8/16/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$105.00 ➝ $80.00+1.88%
8/8/2024Piper Sandler
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 Lower TargetUnderweight ➝ Underweight$95.00 ➝ $90.00+13.82%
8/6/2024Scotiabank
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B. Isaacson
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Lower TargetSector Perform ➝ Sector Perform$135.00 ➝ $85.00+4.04%
8/5/2024Baird R W
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B. Kallo
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DowngradeStrong-Buy ➝ Hold
8/2/2024Bank of America
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 Lower TargetBuy ➝ Buy$135.00 ➝ $126.00+48.64%
7/31/2024Mizuho
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 Lower Target$128.00 ➝ $103.00+10.48%
7/31/2024Berenberg Bank
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A. Castanos-Moll
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DowngradeBuy ➝ Hold$160.00 ➝ $83.00-10.28%
7/17/2024Hsbc Global Res
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S. Seshadri
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UpgradeHold
7/17/2024HSBC
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 DowngradeBuy ➝ Hold$95.00-3.62%
7/12/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$137.00 ➝ $100.00+2.22%
7/9/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$124.00 ➝ $109.00+20.48%
3/15/2024Loop Capital
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 Lower TargetBuy ➝ Buy$168.00 ➝ $162.00+29.53%
3/8/2024Vertical Research
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 DowngradeBuy ➝ Hold$145.00+18.19%
3/1/2024Wolfe Research
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 Initiated CoveragePeer Perform
1/29/2024TD Cowen
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 DowngradeOutperform ➝ Market Perform$220.00 ➝ $130.00+8.48%
11/7/2023BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$265.00 ➝ $180.00+48.06%
8/3/2023Credit Suisse Group
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 Boost TargetUnderperform ➝ Underperform$163.00 ➝ $185.00-8.82%
2/21/2023CICC Research
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 Initiated CoverageMarket Perform
1/26/2023Piper Sandler Companies
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 Initiated CoverageOverweight
11/28/2022Morgan Stanley
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 Boost TargetUnderweight$145.00 ➝ $155.00-41.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:11 AM ET.


ALB Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Albemarle is $114.47, with a high forecast of $170.00 and a low forecast of $78.00.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There is currently 1 sell rating, 15 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.

According to analysts, Albemarle's stock has a predicted upside of 4.49% based on their 12-month stock forecasts.

Albemarle has been rated by research analysts at Evercore ISI, KeyCorp, Oppenheimer, Robert W. Baird, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.

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.


This page (NYSE:ALB) was last updated on 11/21/2024 by MarketBeat.com Staff
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