Basf (BASFY) Stock Forecast & Price Target

$13.19

-0.22 (-1.64%)

(As of 09/30/2024 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

Sell
3

Hold
1

Buy
3

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

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BASFY Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 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)	2 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
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.72	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	N/A	134.11% Upside	6.15% Upside
News Sentiment Rating	Neutral News See Recent BASFY 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 Tuesday at 11:38 AM ET.

Should I Buy Basf Stock? BASFY 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 Monday, September 30, 2024. Please send any questions or comments about these Basf pros and cons to contact@marketbeat.com.

Basf
Bull Case

Here are some ways that investors could benefit from investing in Basf Se:

Basf Se has shown a positive return on equity of 6.36%, indicating efficient use of shareholder funds to generate profit.
Recent short interest growth suggests potential market interest and volatility, providing opportunities for active traders.
Basf Se stock price has remained relatively stable, offering a consistent investment option for risk-averse investors.
Analysts forecast growth in Basf Se, with a consensus rating of "Hold" indicating potential upside in the stock.
Basf Se operates globally across six segments, diversifying its revenue streams and reducing geographic risk.

Basf
Bear Case

Investors should be bearish about investing in Basf Se for these reasons:

Basf Se has a high price-to-earnings ratio of 1,265.50, which may indicate an overvalued stock compared to industry peers.
Increasing short interest could lead to heightened volatility and potential downside risk for investors in the short term.
The company's debt-to-equity ratio of 0.49 may raise concerns about its leverage and financial stability.
Basf Se's beta of 1.22 indicates higher volatility compared to the market average, potentially leading to greater price fluctuations.
The stock's 1-year high of $14.89 suggests limited upside potential based on historical price performance.

BASFY Forecast - Frequently Asked Questions

: 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.
: According to analysts, Basf's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: 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.