- Chevron remains confident in U.S. economic stability despite tariff concerns.
- Analysts forecast a significant upside potential for Chevron's stock.
- Chevron's CEO indicates stable capital expenditure plans moving forward.
Chevron (CVX, Financial) CEO Mike Wirth has voiced confidence in the strength of the U.S. economy, downplaying fears of an impending recession despite ongoing concerns over oil demand due to President Trump's tariffs. The energy giant has decided to maintain its current capital expenditure levels, as the tariffs have not had a significant impact on its operations thus far. It's important to note that U.S. crude prices have experienced an 11% decline since April.
Wall Street Analysts' Forecast
Wall Street analysts have offered a range of one-year price targets for Chevron Corp (CVX, Financial). Out of 22 analysts, the average target price is set at $171.29, with predictions ranging from a high of $197.00 to a low of $140.00. This average target price signifies a potential upside of 25.57% from the current trading price of $136.41. For more in-depth forecast information, please visit the Chevron Corp (CVX) Forecast page.
Brokerage Recommendations
According to consensus estimates from 25 brokerage firms, Chevron Corp (CVX, Financial) holds an average brokerage recommendation of 2.2, suggesting an "Outperform" status. This rating is determined on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GF Value Estimation
GuruFocus estimates that the GF Value of Chevron Corp (CVX, Financial) in one year is projected to be $155.13. This estimate points to an expected upside of 13.72% from the current stock price of $136.41. The GF Value is a calculation of the fair value at which the stock should ideally be traded, based on prior trading multiples, historical business growth, and future performance projections. For further detailed summaries and data, visit the Chevron Corp (CVX) Summary page.
