Analyst Ratings for Marathon Petroleum
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 9 analysts have provided their ratings on Marathon Petroleum (NYSE:MPC), with an average 12-month price target of $168.56, a high of $178.00, and a low of $148.00. The current average price target represents a 2.94% increase from the previous target of $163.75. The ratings consist of 3 bullish, 2 somewhat bullish, and 4 indifferent, with no bearish or somewhat bearish ratings. Analysts typically review stocks quarterly or after major company updates, using financial analysis and insider communications to make their predictions.
December 14, 2023 | 2:00 pm
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POSITIVE IMPACT
Marathon Petroleum has received a positive outlook from analysts with an increased average price target of $168.56, suggesting confidence in the company's future performance.
The unanimous absence of bearish ratings and the increase in the average price target over the past 3 months indicate a strong positive sentiment among analysts towards Marathon Petroleum. This consensus could lead to increased investor confidence and a potential short-term uplift in MPC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100