Phillips 66 (PSX) Stock Forecast & Price Target

$110.37 +0.02 (+0.02%)

(As of 12/20/2024 05:40 PM ET)

Phillips 66 - Analysts' Recommendations and Stock Price Forecast (2025)

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 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 Wall Street analysts who have issued ratings for Phillips 66 in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for PSX.

Consensus Price Target

$149.00
35.00% Upside

According to the 15 analysts' twelve-month price targets for Phillips 66, the average price target is $149.00. The highest price target for PSX is $174.00, while the lowest price target for PSX is $124.00. The average price target represents a forecasted upside of 35.00% from the current price of $110.37.

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PSX Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$149.00	$149.69	$154.21	$135.29
Forecasted Upside	35.00% Upside	12.31% Upside	17.62% Upside	0.91% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PSX 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.

PSX 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.

Phillips 66 Stock vs. The Competition

Type	Phillips 66	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.73	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	35.00% Upside	1,671.87% Upside	14.53% Upside
News Sentiment Rating	Neutral News See Recent PSX 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
12/16/2024	Mizuho 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$150.00 ➝ $147.00	+24.44%
12/9/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$167.00 ➝ $161.00	+22.65%
11/11/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$133.00 ➝ $124.00	-2.10%
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$150.00 ➝ $138.00	+12.56%
10/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ryan Todd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$144.00	+8.57%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$156.00	+17.90%
Get the Latest News and Ratings for PSX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Phillips 66 and its competitors with MarketBeat's FREE daily newsletter.
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$145.00 ➝ $136.00	-0.48%
10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$160.00 ➝ $141.00	+5.44%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$150.00 ➝ $144.00	+13.88%
9/11/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$162.00 ➝ $150.00	+18.21%
7/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $155.00	+6.03%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Peer Perform
5/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$167.00 ➝ $167.00	+20.85%
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$152.00 ➝ $174.00	+9.22%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
10/30/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$115.00 ➝ $130.00	+17.19%
2/8/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$130.00 ➝ $132.00	+29.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:22 PM ET.

Should I Buy Phillips 66 Stock? PSX 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 Sunday, December 15, 2024. Please send any questions or comments about these Phillips 66 pros and cons to contact@marketbeat.com.

Phillips 66
Bull Case

Here are some ways that investors could benefit from investing in Phillips 66:

Phillips 66 has a strong market capitalization of approximately $53.72 billion, indicating a robust financial position that can support growth and stability.
The company recently reported earnings of $2.04 per share, exceeding analysts' expectations of $1.63, which reflects strong operational performance and profitability.
With a current stock price of $130.08, Phillips 66 is positioned well within its 1-year trading range, suggesting potential for appreciation as market conditions improve.
Institutional investors hold a significant 76.93% of Phillips 66's stock, indicating confidence from large financial entities in the company's future prospects.
Recent analyst ratings show a consensus of "Moderate Buy" with a price target of $149.23, suggesting that analysts expect the stock to perform well in the near term.

Phillips 66
Bear Case

Investors should be bearish about investing in Phillips 66 for these reasons:

The company's revenue decreased by 10.3% compared to the same quarter last year, which may indicate challenges in maintaining sales growth.
Phillips 66 has a relatively high price-to-earnings (P/E) ratio of 16.85, which could suggest that the stock is overvalued compared to its earnings, potentially limiting upside for new investors.
Recent price target reductions by analysts, including a drop from $167.00 to $161.00 by Wells Fargo, may signal a cautious outlook on the stock's near-term performance.
The stock has experienced volatility, with a beta of 1.35, indicating that it is more volatile than the market, which could pose risks for conservative investors.
Phillips 66's net margin of 2.24% is relatively low, which may raise concerns about the company's ability to convert revenue into profit effectively.

PSX Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Phillips 66 is $149.00, with a high forecast of $174.00 and a low forecast of $124.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips 66 in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSX shares.
: According to analysts, Phillips 66's stock has a predicted upside of 35.00% based on their 12-month stock forecasts.
: Phillips 66 has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Mizuho, Piper Sandler, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Phillips 66 more than other "oils/energy" companies. The consensus rating score for Phillips 66 is 2.73 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how PSX compares to other companies.

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This page (NYSE:PSX) was last updated on 12/22/2024 by MarketBeat.com Staff

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Phillips 66 (PSX) Stock Forecast & Price Target