Chevron Corporation Stock Price Targets
Comprehensive analysis of short, mid, and long-term price targets for Chevron Corporation (CVX).
Give me a comprehensive price target analysis for Chevron Corporation (CVX).
Price Target Analysis for Chevron (CVX)
| Time Horizon | Price Target | Justification & Drivers |
|---|---|---|
| Short-Term (3 months) | ~$155.55 (current price) | Near-term price is consolidating around current levels, supported by strong dividend yield (4.46%) and stable technicals. Technical indicators (50-day MA, RSI, MACD) suggest a stable or slightly bullish trend if oil prices remain steady. |
| Mid-Term (12 months) | ~$170.00 | The median analyst target. Driven by expected earnings growth, stabilization of oil prices, continued dividend attractiveness, and potential upside from oil market recovery or macroeconomic tailwinds. EPS growth over recent quarters supports positive sentiment. |
| Long-Term (3+ years) | ~$197.00 | The high analyst target. Long-term outlook hinges on sustained energy demand, diversification strategies, and robust cash flows. Possibility of multiple expansion as valuation metrics (P/E, P/B) remain reasonable, and oil prices potentially trend higher with global energy shifts. |
Summary:
Chevron's stock is currently trading just below the median analyst target, with clear upside potential toward the high target of $197 over the next several years. Support levels at $124 and resistance at $170/197 will serve as key reference points during this period. The stock's technical indicators (50-day MA trending upward, RSI indicating room for growth, MACD showing bullish momentum) reinforce a positive outlook.
Next steps involve monitoring macroeconomic factors, oil price trajectories, and company-specific earnings revisions for adjustments. The support at $124 provides a key downside buffer, while the targets at $170 and $197 present attractive long-term objectives aligned with fundamental and technical expected trends.