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Eaton (ETN) Stock Forecast & Price Target

$318.42
+5.14 (+1.64%)
(As of 07/3/2024 ET)

Eaton - 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

$318.06
-0.11% Downside
High Forecast$375.00
Average Forecast$318.06
Low Forecast$238.00
TypeCurrent Forecast
7/5/23 to 7/4/24
1 Month Ago
6/5/23 to 6/4/24
3 Months Ago
4/6/23 to 4/5/24
1 Year Ago
7/5/22 to 7/5/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
5 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$318.06$314.27$287.40$183.54
Forecasted Upside-0.11% Downside7.60% Upside10.43% Upside10.59% Upside

ETN 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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ETN 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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Eaton Stock vs. The Competition

TypeEatonIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.69
2.54
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-0.11% Downside50.01% Upside12.08% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024Raymond James
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 Initiated CoverageOutperform$375.00+19.45%
5/3/2024HSBC
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 Boost TargetHold ➝ Hold$240.00 ➝ $280.00-12.64%
5/2/2024Argus
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 Boost TargetBuy ➝ Buy$290.00 ➝ $350.00+13.45%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$279.00 ➝ $325.00+3.39%
5/1/2024Mizuho
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 Reiterated RatingBuy ➝ Buy$340.00 ➝ $355.00+12.79%
4/8/2024Wolfe Research
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 Reiterated RatingPeer Perform ➝ Underperform$312.00-5.60%
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4/5/2024Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform$286.00 ➝ $371.00+15.88%
4/2/2024Barclays
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 UpgradeUnderweight ➝ Equal Weight$250.00 ➝ $300.00-3.86%
3/18/2024Bank of America
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 Boost TargetBuy ➝ Buy$320.00 ➝ $330.00+9.68%
3/15/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$287.00 ➝ $328.00+9.15%
3/6/2024Berenberg Bank
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 Boost TargetBuy ➝ Buy$200.00 ➝ $345.00+18.17%
2/20/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$262.00 ➝ $308.00+11.81%
2/2/2024UBS Group
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 Boost TargetBuy ➝ Buy$255.00 ➝ $305.00+12.63%
2/2/2024Citigroup
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 Boost TargetBuy ➝ Buy$270.00 ➝ $310.00+14.48%
12/19/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$220.00 ➝ $257.00+8.34%
9/25/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$235.00 ➝ $238.00+11.92%
4/12/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$188.00 ➝ $189.00+19.02%
12/6/2022Oppenheimer
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 DowngradeOutperform ➝ Market Perform
11/2/2022Credit Suisse Group
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 Boost TargetOutperform$157.00 ➝ $174.00+14.75%
8/2/2022Robert W. Baird
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 Set Target$144.00-1.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:41 PM ET.

ETN Forecast - Frequently Asked Questions

What is Eaton's stock forecast and purchase recommendation?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Eaton is $318.06, with a high forecast of $375.00 and a low forecast of $238.00. The consensus rating for Eaton stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings and 12 buy ratings for ETN. Learn more on ETN's analyst rating history.

Do Wall Street analysts like Eaton more than its competitors?

Analysts like Eaton more than other "industrial products" companies. The consensus rating score for Eaton is 2.69 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how ETN compares to other companies.

Is Eaton being upgraded by Wall Street analysts?

Over the previous 90 days, Eaton's stock had 1 upgrade by analysts.

Does Eaton's stock price have much upside?

According to analysts, Eaton's stock has a predicted upside of 8.39% based on their 12-month stock forecasts.

What analysts cover Eaton?

Eaton has been rated by research analysts at Argus, HSBC, JPMorgan Chase & Co., Mizuho, Raymond James, Royal Bank of Canada, and Wolfe Research in the past 90 days.


This page (NYSE:ETN) was last updated on 7/4/2024 by MarketBeat.com Staff

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