- Elliott Management's investment in BP is driving a stock surge, with a focus on strategic shifts.
- Analysts foresee a potential 22.46% upside for BP's stock price in the next year.
- GuruFocus estimates suggest an attractive potential upside of 23.23% based on the GF Value metric.
BP (BP, Financial) shares have gained traction, rising 2.8% following the announcement that Elliott Management now holds a significant 5% stake in the company. The activist hedge fund is advocating for BP to enhance its free cash flow by a notable 40% through strategic spending reductions and the divestiture of its solar and wind segments to concentrate on core operations.
Wall Street Analysts Forecast
According to a comprehensive analysis from 15 financial analysts, BP PLC (BP, Financial) is expected to reach an average price target of $35.29 over the next year, with projections ranging between a high of $44.00 and a low of $27.00. This average target presents a potential upside of 22.46% from its current trading price of $28.82. Investors can dive deeper into these projections by visiting the BP PLC (BP) Forecast page.
The analysts' consensus, derived from 18 brokerage firms, assigns BP PLC (BP, Financial) an average recommendation score of 2.5, indicating an "Outperform" status. This evaluation scale spans from 1 to 5, with 1 signaling a Strong Buy and 5 indicating a Sell.
GuruFocus GF Value Estimate
GuruFocus provides a calculated estimate for BP PLC's (BP, Financial) one-year GF Value at $35.51, suggesting a potential upside of 23.23% from the current price of $28.815. The GF Value represents GuruFocus' assessment of the fair trading value of the stock, based on its historical trading multiples, past business growth, and future performance projections. For a deeper insight into these estimates, please refer to the BP PLC (BP) Summary page.
