The Latest Analyst Ratings for Chevron
Portfolio Pulse from Benzinga Insights
Chevron (NYSE:CVX) has received 13 analyst ratings in the last quarter with an average price target of $193.92, which is significantly higher than its current price of $144.45. The ratings include 5 bullish, 3 somewhat bullish, and 5 indifferent, with no bearish ratings. The current average price target has decreased by 2.24% from the previous target of $198.36.
November 14, 2023 | 9:00 pm
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Chevron's stock has a higher average analyst price target than its current trading price, suggesting potential upside according to analysts. No bearish ratings were reported in the last quarter.
The unanimous absence of bearish ratings and the presence of bullish and somewhat bullish ratings indicate a positive outlook for Chevron by analysts. The average price target being significantly higher than the current stock price suggests that analysts expect the stock to rise in the short term. However, as analyst ratings are opinions and not guarantees, the confidence level is not at the maximum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100