In recent developments concerning Westlake (WLK, Financial), UBS analyst Joshua Spector has made adjustments to the stock's price target while maintaining the current rating. The investment bank has lowered its price target from USD 118.00 to USD 101.00. The revised target indicates a significant change, reflecting a 14.41% decrease from the previous estimate.
Despite the adjustment in the price target, UBS continues to uphold a 'Buy' rating for Westlake (WLK, Financial). The persistent 'Buy' rating suggests that the analyst still sees potential in Westlake's market performance despite the lowered price target. Investors often look to such ratings as a sign of confidence in a company's long-term value.
The adjustments and continued positive outlook come as analysts and investors closely monitor various factors affecting market dynamics. Westlake (WLK, Financial) remains a point of interest for stakeholders awaiting further developments and potential growth in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Westlake Corp (WLK, Financial) is $96.19 with a high estimate of $118.00 and a low estimate of $76.00. The average target implies an upside of 32.56% from the current price of $72.56. More detailed estimate data can be found on the Westlake Corp (WLK) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Westlake Corp's (WLK, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Westlake Corp (WLK, Financial) in one year is $110.99, suggesting a upside of 52.96% from the current price of $72.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Westlake Corp (WLK) Summary page.
