Mplx (MPLX) Stock Forecast & Price Target

$47.58 -0.09 (-0.19%)

(As of 11/20/2024 ET)

Mplx - 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 9 Analyst Ratings

Sell
1

Hold
0

Buy
8

Based on 9 Wall Street analysts who have issued ratings for Mplx in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a sell rating, and 8 have given a buy rating for MPLX.

Consensus Price Target

$49.44
3.92% Upside

According to the 9 analysts' twelve-month price targets for Mplx, the average price target is $49.44. The highest price target for MPLX is $55.00, while the lowest price target for MPLX is $43.00. The average price target represents a forecasted upside of 3.92% from the current price of $47.58.

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MPLX Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
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)	9 Buy rating(s)	6 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$49.44	$47.67	$46.22	$39.75
Forecasted Upside	3.92% Upside	8.01% Upside	8.40% Upside	11.08% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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MPLX 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.

MPLX 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.

Mplx Stock vs. The Competition

Type	Mplx	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.78	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.92% Upside	1,430.08% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent MPLX 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	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Truist Financial 2 of 5 stars	Boost Target	Buy ➝ Buy	$48.00 ➝ $55.00	+15.84%
11/18/2024	Royal Bank of Canada 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$50.00 ➝ $52.00	+9.64%
11/15/2024	UBS Group 4 of 5 stars	Boost Target	Buy ➝ Buy	$51.00 ➝ $55.00	+17.05%
11/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$50.00 ➝ $53.00	+13.51%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$43.00	-3.27%
10/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$45.00 ➝ $49.00	+10.81%
Get the Latest News and Ratings for MPLX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Mplx and its competitors with MarketBeat's FREE daily newsletter.
5/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$45.00 ➝ $46.00	+11.87%
5/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$45.00 ➝ $47.00	+12.44%
1/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$44.00 ➝ $45.00	+16.87%
10/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy ➝ Buy	$40.00	+14.06%
7/20/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$42.00	+20.59%
2/7/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$33.50 ➝ $35.00	+2.97%
1/9/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$36.00	+7.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:04 AM ET.

Should I Buy Mplx Stock? MPLX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Mplx pros and cons to contact@marketbeat.com.

Mplx
Bull Case

Here are some ways that investors could benefit from investing in Mplx Lp:

Mplx Lp has a strong buy rating from StockNews.com, indicating positive sentiment from analysts.
Recent analyst price target adjustments suggest potential upside for Mplx Lp, with targets ranging from $45.00 to $50.00.
Mplx Lp's stock price has been trading consistently above its 50-day and 200-day simple moving averages, indicating positive momentum.
The company has a market capitalization of $44.54 billion, reflecting its size and stability in the market.
Mplx Lp has a low price-to-earnings ratio of 11.30, which may indicate that the stock is undervalued compared to its earnings.

Mplx
Bear Case

Investors should be bearish about investing in Mplx Lp for these reasons:

Despite positive analyst ratings, Mplx Lp's price target was recently lowered to $45.00 by Barclays, which may suggest some concerns about future performance.
The company's debt-to-equity ratio of 1.41 may indicate higher financial leverage, which could pose risks during economic downturns.
Mplx Lp's beta of 1.37 indicates higher volatility compared to the market average, potentially leading to greater price fluctuations.
The company's quick ratio of 0.95 and current ratio of 0.99 may suggest potential liquidity challenges in meeting short-term obligations.
While the stock has shown positive momentum, investors should consider the overall market conditions and industry trends before making investment decisions.

MPLX Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Mplx is $49.44, with a high forecast of $55.00 and a low forecast of $43.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There is currently 1 sell rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MPLX shares.
: According to analysts, Mplx's stock has a predicted upside of 3.92% based on their 12-month stock forecasts.
: Mplx has been rated by research analysts at Bank of America, Barclays, Royal Bank of Canada, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Mplx more than other "oils/energy" companies. The consensus rating score for Mplx is 2.78 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how MPLX compares to other companies.

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This page (NYSE:MPLX) was last updated on 11/21/2024 by MarketBeat.com Staff

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Mplx (MPLX) Stock Forecast & Price Target