Analyst Ratings for Chevron
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 12 Wall Street analysts have provided ratings for Chevron (NYSE:CVX) stock, with an average price target of $191.58, which is a 3.1% decrease from the previous target of $197.70. The current price of Chevron is $149.23, suggesting an implied upside. The ratings include 5 bullish, 3 somewhat bullish, and 4 indifferent, with no bearish or somewhat bearish ratings. Analysts typically update their ratings quarterly and base their predictions on various research methods.
December 14, 2023 | 8:00 pm
News sentiment analysis
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POSITIVE IMPACT
Chevron has received positive ratings from analysts, with an average price target suggesting a significant upside from the current stock price. The decrease in the average price target may indicate a slight tempering of expectations, but overall sentiment remains positive.
The positive ratings and the higher average price target compared to the current stock price suggest that analysts believe CVX has room to grow, which could lead to an increase in stock price in the short term. The lack of bearish sentiment reinforces this outlook. However, the slight decrease in the target price may temper investor expectations slightly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100