Alcon (ALC) Stock Forecast & Price Target

$96.65

-0.51 (-0.52%)

(As of 09/18/2024 ET)

Alcon - 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 15 Analyst Ratings

Based on 15 Wall Street analysts who have issued ratings for Alcon in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 1 has given a hold rating, and 13 have given a buy rating for ALC.

Consensus Price Target

$99.74
3.20% Upside

High Forecast	$110.00
Average Forecast	$99.74
Low Forecast	$85.00

According to the 15 analysts' twelve-month price targets for Alcon, the average price target is $99.74. The highest price target for ALC is $110.00, while the lowest price target for ALC is $85.00. The average price target represents a forecasted upside of 3.20% from the current price of $96.65.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
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	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$99.74	$97.28	$94.71	$88.81
Forecasted Upside	3.20% Upside	11.64% Upside	12.42% Upside	15.96% Upside

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ALC 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.

ALC 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.

Alcon Stock vs. The Competition

Type	Alcon	Medical Companies	S&P 500
Consensus Rating Score	2.80	2.77	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.20% Upside	1,009.48% Upside	7.94% Upside
News Sentiment Rating	Neutral News	Positive 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
9/12/2024	BTIG Research 2 of 5 stars		Boost Target	Buy ➝ Buy	$98.00 ➝ $104.00	+5.88%
9/10/2024	Royal Bank of Canada 4 of 5 stars	J. Reynolds-Clar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
8/22/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$94.00 ➝ $105.00	+9.88%
8/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$103.00 ➝ $110.00	+16.25%
8/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$104.00 ➝ $110.00	+16.25%
8/21/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$101.00 ➝ $101.00	+4.66%
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7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$65.00 ➝ $85.00	-7.35%
5/15/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00 ➝ $100.00	+12.02%
5/15/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $105.00	+17.62%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$100.00	+20.95%
3/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+16.31%
2/29/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$87.00 ➝ $92.00	+7.39%
2/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$93.00 ➝ $96.60	+13.10%
12/18/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
11/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$94.00 ➝ $88.00	+23.40%
8/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$79.80 ➝ $89.30	+11.29%
3/1/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		CHF 84 ➝ CHF 80
11/17/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$67.00 ➝ $69.00	+4.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:51 PM ET.

ALC Forecast - Frequently Asked Questions

What is Alcon's forecast for 2024?: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Alcon is $99.74, with a high forecast of $110.00 and a low forecast of $85.00.
Should I buy or sell Alcon stock right now?: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcon in the last year. There is currently 1 sell rating, 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALC shares.
Does Alcon's stock price have much upside?: According to analysts, Alcon's stock has a predicted upside of 11.69% based on their 12-month stock forecasts.
Has Alcon been upgraded by Wall Street analysts recently?: Over the previous 90 days, Alcon's stock had 2 upgrades by analysts.
What analysts cover Alcon?: Alcon has been rated by research analysts at BTIG Research, Morgan Stanley, Needham & Company LLC, Oppenheimer, Robert W. Baird, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Alcon more than its competitors?: Analysts like Alcon more than other "medical" companies. The consensus rating score for Alcon is 2.80 while the average consensus rating score for "medical" companies is 2.77. Learn more on how ALC compares to other companies.