BHP Group (BHP) Stock Forecast & Price Target

$49.42 +0.01 (+0.02%)

(As of 12/24/2024 05:19 PM ET)

BHP Group - Analysts' Recommendations and Stock Price Forecast (2025)

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 6 Analyst Ratings

Sell
0

Hold
3

Buy
3

Based on 6 Wall Street analysts who have issued ratings for BHP Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 3 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for BHP.

Consensus Price Target

$68.00
37.60% Upside

According to the 6 analysts' twelve-month price targets for BHP Group, the average price target is $68.00. The highest price target for BHP is $68.00, while the lowest price target for BHP is $68.00. The average price target represents a forecasted upside of 37.60% from the current price of $49.42.

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BHP Analyst Ratings Over Time

Type	Current Forecast 12/27/23 to 12/26/24	1 Month Ago 11/27/23 to 11/26/24	3 Months Ago 9/28/23 to 9/27/24	1 Year Ago 12/27/22 to 12/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$68.00	$68.00	N/A	$50.00
Forecasted Upside	37.60% Upside	32.85% Upside	N/A	-27.43% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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BHP 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.

BHP 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.

BHP Group Stock vs. The Competition

Type	BHP Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.67	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	37.60% Upside	137.59% Upside	13.49% Upside
News Sentiment Rating	Neutral News See Recent BHP 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
10/4/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold	$72.00 ➝ $68.00	+11.67%
9/19/2024	Argus 2 of 5 stars	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/16/2024	Sanford C. Bernstein 3 of 5 stars	B. Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy
5/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$47.00 ➝ $50.00	-10.97%
7/7/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral
5/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
4/5/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform
1/10/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,200 ➝ GBX 2,300

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:25 AM ET.

Should I Buy BHP Group Stock? BHP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 18, 2024. Please send any questions or comments about these BHP Group pros and cons to contact@marketbeat.com.

BHP Group
Bull Case

Here are some ways that investors could benefit from investing in BHP Group Limited:

BHP Group Limited has received a "strong-buy" rating from Argus, indicating strong confidence in the stock's potential for growth.
The company has a consensus target price of $68.00, suggesting that there is room for price appreciation from its current trading price of $51.19.
Recent upgrades from analysts, including a move from "market perform" to "outperform" by Sanford C. Bernstein, reflect positive sentiment and potential for improved performance.
BHP Group Limited operates in diverse segments such as Copper, Iron Ore, and Coal, which can provide stability and growth opportunities across different markets.
The company maintains a healthy financial position with a quick ratio of 1.29 and a current ratio of 1.70, indicating good short-term liquidity and ability to meet obligations.

BHP Group
Bear Case

Investors should be bearish about investing in BHP Group Limited for these reasons:

Jefferies Financial Group recently downgraded BHP Group Limited from a "buy" to a "hold" rating, which may indicate a lack of confidence in short-term performance.
The stock has experienced volatility, trading down $1.27 recently, which could signal potential instability in the market.
With a debt-to-equity ratio of 0.38, while relatively low, any increase in debt could impact financial flexibility and investor confidence.
Three analysts have rated the stock with a hold rating, suggesting that there may be uncertainty about its future performance.
The stock's recent trading volume was below its average, which could indicate reduced investor interest or confidence in the stock at this time.

BHP Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for BHP Group is $68.00, with a high forecast of $68.00 and a low forecast of $68.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BHP shares.
: According to analysts, BHP Group's stock has a predicted upside of 37.60% based on their 12-month stock forecasts.
: Over the previous 90 days, BHP Group's stock had 1 downgrade by analysts.
: BHP Group has been rated by research analysts at Jefferies Financial Group in the past 90 days.
: Analysts like BHP Group less than other "basic materials" companies. The consensus rating score for BHP Group is 2.67 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how BHP compares to other companies.

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This page (NYSE:BHP) was last updated on 12/26/2024 by MarketBeat.com Staff

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BHP Group (BHP) Stock Forecast & Price Target