Key Highlights:
- Mizuho adjusts Albemarle's price target to $65 due to market conditions.
- Wall Street analysts predict an average price target of $90.38 for ALB, suggesting significant growth potential.
- GuruFocus estimates a GF Value of $108.79, indicating substantial upside from current levels.
Mizuho has revised its price target for Albemarle (ALB, Financial) to $65, down from $85, while maintaining a Neutral rating. This adjustment is driven by reduced market multiples, with minimal alterations to forward estimates as a recession is not expected. However, investors should consider the potential impact of declining oil prices on cost advantages for basic chemical stocks.
Wall Street Analysts Forecast
The one-year price targets from 25 analysts reveal an average target price for Albemarle Corp (ALB, Financial) of $90.38, with a high estimate of $155.00 and a low estimate of $60.00. This average target suggests a considerable upside of 70.81% from the current price of $52.91. For more in-depth analysis, investors can refer to the Albemarle Corp (ALB) Forecast page.
With input from 29 brokerage firms, the consensus recommendation for Albemarle Corp (ALB, Financial) stands at 2.6, indicating a "Hold" status. The rating scale of 1 to 5 ranges from Strong Buy to Sell, reflecting the mixed sentiments about ALB's future potential.
GuruFocus GF Value Estimation
According to GuruFocus estimates, the anticipated GF Value for Albemarle Corp (ALB, Financial) in one year is $108.79, indicating a potential upside of 105.61% from the current trading price of $52.91. The GF Value is a comprehensive evaluation by GuruFocus that measures a stock's fair value, calculated based on historical trading multiples, past business growth, and future business performance estimates. For further detailed analysis, visit the Albemarle Corp (ALB) Summary page.
