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Westlake (WLK) Stock Forecast & Price Target

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$130.45 +1.29 (+1.00%)
(As of 11/22/2024 ET)

Westlake - 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

Sell
1
Hold
6
Buy
6

Based on 13 Wall Street analysts who have issued ratings for Westlake in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 1 has given a sell rating, 6 have given a hold rating, and 6 have given a buy rating for WLK.

Consensus Price Target

$162.17
24.31% Upside
According to the 13 analysts' twelve-month price targets for Westlake, the average price target is $162.17. The highest price target for WLK is $180.00, while the lowest price target for WLK is $135.00. The average price target represents a forecasted upside of 24.31% from the current price of $130.45.
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WLK Analyst Ratings Over Time

TypeCurrent Forecast
11/24/23 to 11/23/24
1 Month Ago
10/25/23 to 10/24/24
3 Months Ago
8/26/23 to 8/25/24
1 Year Ago
11/24/22 to 11/24/23
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)
6 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
9 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$162.17$165.92$166.83$128.71
Forecasted Upside24.31% Upside23.09% Upside10.51% Upside-0.55% Downside
Consensus Rating
Hold
Hold
Hold
Reduce

WLK 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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WLK 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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Westlake Stock vs. The Competition

TypeWestlakeBasic Materials CompaniesS&P 500
Consensus Rating Score
2.38
2.76
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside24.35% Upside117.25% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent WLK News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/13/2024BMO Capital Markets
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$171.00 ➝ $165.00+28.81%
11/11/2024Royal Bank of Canada
4 of 5 stars
A. Viswanathan
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Lower TargetOutperform ➝ Outperform$170.00 ➝ $167.00+24.62%
11/6/2024UBS Group
4 of 5 stars
 Lower TargetNeutral ➝ Neutral$160.00 ➝ $144.00+5.55%
11/6/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$180.00 ➝ $160.00+16.86%
10/16/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$151.00 ➝ $159.00+12.13%
9/30/2024Barclays
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M. Leithead
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UpgradeEqual Weight ➝ Overweight$162.00 ➝ $180.00+19.93%
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9/5/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$180.00 ➝ $170.00+23.58%
8/15/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$123.00 ➝ $135.00-6.69%
8/8/2024Mizuho
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J. Roberts
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Initiated CoverageOutperform$170.00+18.48%
6/14/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$162.00 ➝ $168.00+11.93%
4/18/2024Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$138.00 ➝ $174.00+17.13%
4/8/2024Vertical Research
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 DowngradeBuy ➝ Hold$154.00-4.03%
1/2/2024Tudor, Pickering, Holt & Co.
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 UpgradeSell ➝ Hold
10/3/2023KeyCorp
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 UpgradeUnderweight ➝ Sector Weight
7/19/2023Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$110.00-14.22%
5/9/2023Tudor Pickering
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 DowngradeHold ➝ Sell
12/15/2022The Goldman Sachs Group
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 Boost TargetNeutral$100.00 ➝ $114.00+5.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:36 AM ET.


WLK Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Westlake is $162.17, with a high forecast of $180.00 and a low forecast of $135.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.

According to analysts, Westlake's stock has a predicted upside of 24.31% based on their 12-month stock forecasts.

Over the previous 90 days, Westlake's stock had 2 upgrades by analysts.

Westlake has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Piper Sandler, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Westlake less than other "basic materials" companies. The consensus rating for Westlake is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how WLK compares to other companies.


This page (NYSE:WLK) was last updated on 11/23/2024 by MarketBeat.com Staff
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