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ESAB (ESAB) Stock Forecast & Price Target

$91.97
-1.25 (-1.34%)
(As of 07/5/2024 ET)

ESAB - 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

Consensus Price Target

$98.63
7.24% Upside
High Forecast$125.00
Average Forecast$98.63
Low Forecast$73.00
TypeCurrent Forecast
7/7/23 to 7/6/24
1 Month Ago
6/7/23 to 6/6/24
3 Months Ago
4/8/23 to 4/7/24
1 Year Ago
7/7/22 to 7/7/23
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
5 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$98.63$96.29$93.75$70.80
Forecasted Upside7.24% Upside14.42% Upside15.55% Upside15.45% Upside

ESAB 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.
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ESAB 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.
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ESAB Stock vs. The Competition

TypeESABIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.63
2.54
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside7.24% Upside51.12% Upside12.26% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/20/2024Oppenheimer
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 Initiated CoverageOutperform$115.00+20.51%
3/18/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$111.00 ➝ $125.00+25.70%
3/5/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$93.00 ➝ $100.00+1.13%
3/1/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$106.00 ➝ $114.00+15.01%
12/6/2023Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$83.00 ➝ $95.00+16.02%
9/27/2023UBS Group
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 Initiated CoverageNeutral$78.00+12.73%
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9/18/2023Bank of America
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 UpgradeNeutral ➝ Buy$61.00 ➝ $89.00+30.31%
8/2/2023Loop Capital
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 Boost TargetHold ➝ Hold$70.00 ➝ $73.00+1.07%
5/16/2023CL King
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 Initiated CoverageBuy$76.00+26.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:33 AM ET.

ESAB Forecast - Frequently Asked Questions

What is ESAB's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for ESAB is $98.63, with a high forecast of $125.00 and a low forecast of $73.00.

Should I buy or sell ESAB stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESAB in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESAB shares.

Does ESAB's stock price have much upside?

According to analysts, ESAB's stock has a predicted upside of 15.27% based on their 12-month stock forecasts.

What analysts cover ESAB?

ESAB has been rated by research analysts at Oppenheimer in the past 90 days.

Do Wall Street analysts like ESAB more than its competitors?

Analysts like ESAB more than other "industrial products" companies. The consensus rating score for ESAB is 2.63 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how ESAB compares to other companies.


This page (NYSE:ESAB) was last updated on 7/6/2024 by MarketBeat.com Staff

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