Eastman Chemical (EMN) Stock Forecast & Price Target

$97.15

-2.32 (-2.33%)

(As of 07/19/2024 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 16 Analyst Ratings

Based on 16 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 16 analysts, 6 have given a hold rating, and 10 have given a buy rating for EMN.

Consensus Price Target

$107.31
10.46% Upside

High Forecast	$128.00
Average Forecast	$107.31
Low Forecast	$90.00

According to the 16 analysts' twelve-month price targets for Eastman Chemical, the average price target is $107.31. 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 upside of 10.46% from the current price of $97.15.

Type	Current Forecast 7/21/23 to 7/20/24	1 Month Ago 6/21/23 to 6/20/24	3 Months Ago 4/22/23 to 4/21/24	1 Year Ago 7/21/22 to 7/21/23
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	10 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$107.31	$107.50	$97.81	$94.47
Forecasted Upside	10.46% Upside	16.47% Upside	13.65% Upside	12.64% Upside

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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	2.63	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.46% Upside	386.49% Upside	10.04% Upside
News Sentiment Rating	Positive 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
6/27/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$114.00 ➝ $111.00	+13.81%
5/23/2024	UBS Group 4 of 5 stars		Upgrade	Neutral ➝ Buy	$106.00 ➝ $128.00	+28.77%
5/6/2024	Barclays 2 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $103.00	+5.12%
4/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$100.00 ➝ $104.00	+8.19%
4/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$90.00 ➝ $105.00	+7.87%
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%
Get the Latest News and Ratings for EMN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Eastman Chemical and its competitors with MarketBeat's FREE daily newsletter.
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%
4/26/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$91.00 ➝ $102.00	+7.05%
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%
6/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$92.00 ➝ $86.00	+6.41%
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 04:42 PM ET.

EMN Forecast - Frequently Asked Questions

What is Eastman Chemical's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Eastman Chemical is $107.31, with a high forecast of $128.00 and a low forecast of $90.00.
Should I buy or sell Eastman Chemical stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EMN shares.
Does Eastman Chemical's stock price have much upside?: According to analysts, Eastman Chemical's stock has a predicted upside of 16.49% based on their 12-month stock forecasts.
Has Eastman Chemical been upgraded by Wall Street analysts recently?: Over the previous 90 days, Eastman Chemical's stock had 2 upgrades by analysts.
What analysts cover Eastman Chemical?: Eastman Chemical has been rated by research analysts at Bank of America, Barclays, Citigroup, Jefferies Financial Group, Mizuho, Piper Sandler, Royal Bank of Canada, and UBS Group in the past 90 days.
Do Wall Street analysts like Eastman Chemical more than its competitors?: Analysts like Eastman Chemical less than other "basic materials" companies. The consensus rating score for Eastman Chemical is 2.63 while the average consensus rating score for "basic materials" companies is 2.63. Learn more on how EMN compares to other companies.