Basf (BASFY) Stock Forecast & Price Target

$12.83

-0.26 (-1.99%)

(As of 09/20/2024 08:55 PM ET)

Basf - 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 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Basf in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 3 have given a sell rating, 1 has given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for BASFY.

Consensus Price Target

N/A

According to the 7 analysts' twelve-month price targets for Basf,

Type	Current Forecast 9/24/23 to 9/23/24	1 Month Ago 8/25/23 to 8/24/24	3 Months Ago 6/26/23 to 6/25/24	1 Year Ago 9/24/22 to 9/24/23
Consensus Rating	Hold	Hold	Reduce	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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BASFY 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.

BASFY 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.

Basf Stock vs. The Competition

Type	Basf	Basic Materials Companies	S&P 500
Consensus Rating Score	2.14	2.73	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside		107.24% Upside	7.41% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating
6/28/2024	Berenberg Bank 2 of 5 stars	S. Bray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
4/15/2024	BNP Paribas 3 of 5 stars		Reiterated Rating	Neutral ➝ Underperform
4/9/2024	Redburn Atlantic 0 of 5 stars		Upgrade	Neutral ➝ Buy
12/13/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy
11/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight
11/16/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform
10/9/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
6/19/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/20/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Underperform
10/28/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:27 AM ET.

BASFY Forecast - Frequently Asked Questions

Should I buy or sell Basf stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Basf in the last year. There are currently 3 sell ratings, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BASFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BASFY, but not buy additional shares or sell existing shares.
Has Basf been upgraded by Wall Street analysts recently?: Over the previous 90 days, Basf's stock had 1 upgrade by analysts.
What analysts cover Basf?: Basf has been rated by research analysts at Berenberg Bank in the past 90 days.
Do Wall Street analysts like Basf more than its competitors?: Analysts like Basf less than other "basic materials" companies. The consensus rating for Basf is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how BASFY compares to other companies.