Westlake (WLK) Stock Forecast & Price Target

$147.02

+3.92 (+2.74%)

(As of 12:13 PM 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

Hold
Based on 14 Analyst Ratings

Based on 14 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 14 analysts, 1 has given a sell rating, 7 have given a hold rating, and 6 have given a buy rating for WLK.

Consensus Price Target

$166.00
12.91% Upside

High Forecast	$180.00
Average Forecast	$166.00
Low Forecast	$135.00

According to the 14 analysts' twelve-month price targets for Westlake, the average price target is $166.00. 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 12.91% from the current price of $147.02.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	Reduce
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)	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$166.00	$165.50	$152.00	$127.67
Forecasted Upside	12.91% Upside	11.34% Upside	5.15% Upside	3.25% Upside

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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.

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.

Westlake Stock vs. The Competition

Type	Westlake	Basic Materials Companies	S&P 500
Consensus Rating Score	2.36	2.72	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	12.91% Upside	176.98% Upside	6.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $170.00	+23.58%
8/23/2024	Royal Bank of Canada 4 of 5 stars	A. Viswanathan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform	$157.00 ➝ $174.00	+20.24%
8/15/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$123.00 ➝ $135.00	-6.69%
8/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$167.00 ➝ $171.00	+19.90%
8/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$170.00	+18.48%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$172.00 ➝ $160.00	+14.12%
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6/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$160.00 ➝ $162.00	+9.25%
6/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$162.00 ➝ $168.00	+11.93%
4/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$138.00 ➝ $174.00	+16.05%
4/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$138.00 ➝ $174.00	+17.13%
4/8/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$154.00	-4.03%
4/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $180.00	+17.36%
1/2/2024	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
10/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Sector Weight
7/19/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$110.00	-14.22%
5/9/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$100.00 ➝ $114.00	+5.42%
11/7/2022	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Perform ➝ Sector Underperform
10/3/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Roberts CFA Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$120.00 ➝ $110.00	+26.61%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:55 PM ET.

WLK Forecast - Frequently Asked Questions

What is Westlake's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Westlake is $166.00, with a high forecast of $180.00 and a low forecast of $135.00.
Should I buy or sell Westlake stock right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.
Does Westlake's stock price have much upside?: According to analysts, Westlake's stock has a predicted upside of 12.93% based on their 12-month stock forecasts.
Has Westlake been upgraded by Wall Street analysts recently?: Over the previous 90 days, Westlake's stock had 1 upgrade by analysts.
What analysts cover Westlake?: Westlake has been rated by research analysts at BMO Capital Markets, JPMorgan Chase & Co., Mizuho, Piper Sandler, Royal Bank of Canada, and UBS Group in the past 90 days.
Do Wall Street analysts like Westlake more than its competitors?: 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.