Eastman Chemical (EMN) Stock Forecast & Price Target

$112.38

-1.39 (-1.22%)

(As of 09/27/2024 ET)

Eastman Chemical - 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

Sell
0

Hold
7

Buy
8

Based on 15 Wall Street analysts who have issued ratings for Eastman Chemical in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 7 have given a hold rating, and 8 have given a buy rating for EMN.

Consensus Price Target

$108.07
-3.84% Downside

According to the 15 analysts' twelve-month price targets for Eastman Chemical, the average price target is $108.07. The highest price target for EMN is $128.00, while the lowest price target for EMN is $90.00. The average price target represents a forecasted downside of -3.84% from the current price of $112.38.

EMN Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$108.07	$108.07	$107.31	$94.60
Forecasted Upside	-3.84% Downside	7.02% Upside	9.54% Upside	23.31% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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EMN 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.

EMN 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.

Eastman Chemical Stock vs. The Competition

Type	Eastman Chemical	Basic Materials Companies	S&P 500
Consensus Rating Score	2.53	2.73	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-3.84% Downside	197.64% Upside	6.14% Upside
News Sentiment Rating	Positive News See Recent EMN 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
7/30/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$105.00 ➝ $105.00	+1.93%
7/30/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$100.00 ➝ $100.00	-1.22%
7/29/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Boost Target	Hold ➝ Hold	$100.00 ➝ $108.00	+6.57%
7/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$103.00 ➝ $111.00	+10.13%
7/26/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$102.00 ➝ $107.00	+6.47%
6/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$114.00 ➝ $111.00	+13.81%
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5/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$106.00 ➝ $128.00	+28.77%
4/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$113.00 ➝ $112.00	+17.20%
4/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$102.00 ➝ $125.00	+30.81%
4/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$89.00 ➝ $100.00	+0.43%
4/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$101.00 ➝ $121.00	+20.35%
2/15/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$110.00	+33.95%
2/5/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$102.00 ➝ $101.00	+22.26%
12/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$82.00 ➝ $92.00	+5.54%
10/30/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$90.00	+24.00%
7/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$115.00	+32.37%
7/28/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$95.00 ➝ $98.00	+11.81%
1/30/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$94.00 ➝ $92.00	+5.97%
1/30/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$100.00 ➝ $90.00	+3.66%
11/8/2022	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/8/2022	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:53 PM ET.

EMN Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Eastman Chemical is $108.07, with a high forecast of $128.00 and a low forecast of $90.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EMN shares.
: According to analysts, Eastman Chemical's stock has a predicted downside of -3.84% based on their 12-month stock forecasts.
: Eastman Chemical has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Mizuho, Piper Sandler, and Royal Bank of Canada in the past 90 days.
: Analysts like Eastman Chemical less than other "basic materials" companies. The consensus rating score for Eastman Chemical is 2.53 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how EMN compares to other companies.