Chevron (CVX) Stock Forecast & Price Target

$164.37 -0.40 (-0.24%)

Closing price 03/21/2025 03:59 PM Eastern

Extended Trading

$164.90 +0.53 (+0.33%)

As of 03/21/2025 07:57 PM Eastern

Chevron - 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 17 Analyst Ratings

Sell
0

Hold
4

Buy
13

Based on 17 Wall Street analysts who have issued ratings for Chevron in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 4 have given a hold rating, and 13 have given a buy rating for CVX.

Consensus Price Target

$174.13
5.94% Upside

According to the 17 analysts' twelve-month price targets for Chevron, the average price target is $174.13. The highest price target for CVX is $194.00, while the lowest price target for CVX is $160.00. The average price target represents a forecasted upside of 5.94% from the current price of $164.37.

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CVX Analyst Ratings Over Time

Type	Current Forecast 3/23/24 to 3/23/25	1 Month Ago 2/22/24 to 2/21/25	3 Months Ago 12/24/23 to 12/23/24	1 Year Ago 3/24/23 to 3/23/24
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)	13 Buy rating(s)	14 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 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	$174.13	$174.13	$175.19	$180.39
Forecasted Upside	5.94% Upside	10.97% Upside	22.53% Upside	16.64% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CVX 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.

CVX 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.

Chevron Stock vs. The Competition

Type	Chevron	Energy Companies	S&P 500
Consensus Rating Score	2.76	2.72	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	5.94% Upside	2,192.43% Upside	18.90% Upside
News Sentiment Rating	Positive News See Recent CVX News	Positive News	Positive News

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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
2/5/2025	Barclays 3 of 5 stars	Betty Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$174.00 ➝ $171.00	+11.67%
2/4/2025	Truist Financial 2 of 5 stars	Neal Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$164.00 ➝ $160.00	+4.55%
2/3/2025	UBS Group 4 of 5 stars	Josh Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$195.00 ➝ $194.00	+29.49%
2/3/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Biraj Borkhataria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$175.00 ➝ $175.00	+16.16%
2/3/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Roger Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$188.00 ➝ $184.00	+22.59%
2/3/2025	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Justin Jenkins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$180.00 ➝ $175.00	+17.28%
12/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$184.00 ➝ $173.00	+22.21%
11/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Syme Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$145.00 ➝ $185.00	+15.35%
11/5/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$170.00	+10.41%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$168.00	+12.99%
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10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$180.00 ➝ $163.00	+8.03%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$205.00 ➝ $189.00	+32.83%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Peer Perform
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$183.00 ➝ $167.00	+5.85%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $178.00	+8.68%
4/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$155.00 ➝ $160.00	-3.55%
4/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
1/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$184.00	+22.34%
10/17/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$203.00 ➝ $201.00	+20.29%
10/12/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$190.00	+17.94%
5/31/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$161.00 ➝ $170.00	+11.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:19 AM ET.

Should I Buy Chevron Stock? CVX 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, March 19, 2025. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

Chevron
Bull Case

Here are some ways that investors could benefit from investing in Chevron:

Chevron recently increased its quarterly dividend to $1.71 per share, up from $1.63, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $6.84, providing a dividend yield of 4.17%, which is attractive for income-focused investors.
The company has a solid return on equity of 11.44%, indicating effective management and profitability relative to shareholder equity, which can be a positive sign for potential investors.
Chevron's current stock price is around $152.50, which is within a reasonable range compared to its 52-week high of $167.11, suggesting potential for price appreciation.
Analysts have a consensus rating of "Moderate Buy" for Chevron, with an average price target of $174.13, indicating that many believe the stock is undervalued and has room for growth.
The company maintains a low debt-to-equity ratio of 0.13, suggesting a strong balance sheet and lower financial risk, which can be reassuring for investors concerned about leverage.

Chevron
Bear Case

Investors should be bearish about investing in Chevron for these reasons:

Chevron reported earnings per share of $2.06 for the last quarter, missing the consensus estimate of $2.42, which may raise concerns about the company's short-term profitability and operational efficiency.
The stock has experienced a decrease in target prices from various analysts, with Barclays and Piper Sandler reducing their targets, which could indicate a lack of confidence in the stock's near-term performance.
Despite a strong dividend, Chevron's dividend payout ratio is currently at 70.37%, which may suggest that a significant portion of earnings is being distributed to shareholders, potentially limiting funds available for reinvestment in growth opportunities.
The company has a beta of 1.08, indicating that its stock price is slightly more volatile than the market, which could pose risks for investors who prefer stable investments.
Chevron's net margin of 8.71% is relatively modest, which may indicate challenges in maintaining profitability compared to competitors in the energy sector.

CVX Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $174.13, with a high forecast of $194.00 and a low forecast of $160.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVX shares.
: According to analysts, Chevron's stock has a predicted upside of 5.94% based on their 12-month stock forecasts.
: Chevron has been rated by research analysts at Barclays, Raymond James, Royal Bank of Canada, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Chevron more than other "energy" companies. The consensus rating score for Chevron is 2.76 while the average consensus rating score for "energy" companies is 2.72. Learn more on how CVX compares to other companies.

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This page (NYSE:CVX) was last updated on 3/23/2025 by MarketBeat.com Staff

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Chevron (CVX) Stock Forecast & Price Target