Eastman Chemical (EMN) Stock Forecast & Price Target

$101.61 +0.86 (+0.85%)

(As of 11/15/2024 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

Hold

Based on 14 Analyst Ratings

Sell
0

Hold
8

Buy
6

Based on 14 Wall Street analysts who have issued ratings for Eastman Chemical in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 8 have given a hold rating, and 6 have given a buy rating for EMN.

Consensus Price Target

$111.50
9.73% Upside

According to the 14 analysts' twelve-month price targets for Eastman Chemical, the average price target is $111.50. The highest price target for EMN is $128.00, while the lowest price target for EMN is $92.00. The average price target represents a forecasted upside of 9.73% from the current price of $101.61.

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EMN Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$111.50	$110.20	$108.07	$90.00
Forecasted Upside	9.73% Upside	1.24% Upside	10.72% Upside	10.40% Upside
Consensus Rating	Hold	Hold	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	2.43	2.76	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	9.73% Upside	126.33% Upside	9.87% 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
11/6/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$107.00 ➝ $105.00	+0.19%
11/4/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Hold ➝ Hold	$115.00 ➝ $110.00	+9.06%
11/4/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$118.00 ➝ $110.00	+8.82%
11/1/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$107.00 ➝ $113.00	+11.13%
10/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$114.00 ➝ $119.00	+7.87%
7/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$105.00 ➝ $105.00	+1.93%
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.
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%
6/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$114.00 ➝ $111.00	+13.81%
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	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$102.00 ➝ $125.00	+30.81%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:34 PM ET.

EMN Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Eastman Chemical is $111.50, with a high forecast of $128.00 and a low forecast of $92.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMN, but not buy additional shares or sell existing shares.
: According to analysts, Eastman Chemical's stock has a predicted upside of 9.73% based on their 12-month stock forecasts.
: Over the previous 90 days, Eastman Chemical's stock had 1 downgrade by analysts.
: Eastman Chemical has been rated by research analysts at Bank of America, Deutsche Bank Aktiengesellschaft, Mizuho, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like Eastman Chemical less than other "basic materials" companies. The consensus rating for Eastman Chemical is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how EMN compares to other companies.

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This page (NYSE:EMN) was last updated on 11/17/2024 by MarketBeat.com Staff

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Eastman Chemical (EMN) Stock Forecast & Price Target