On June 26, 2025, Wells Fargo's analyst Roger Read announced an update regarding Chevron (CVX, Financial). The investment firm maintains its "Overweight" rating for the stock. This rating signifies continued confidence in the company's performance compared to other stocks within the same industry.
Furthermore, Wells Fargo raised its price target for Chevron (CVX, Financial) from $164.00 to $165.00 USD. This adjustment reflects a 0.61% increase, indicating an optimistic outlook on the stock's potential for growth in the near term.
The current price target adjustment underscores Wells Fargo's positive sentiment and belief in Chevron's ongoing strategic initiatives and market position. Investors may find this update significant as they assess potential investment opportunities in Chevron (CVX, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Chevron Corp (CVX, Financial) is $161.15 with a high estimate of $186.00 and a low estimate of $124.00. The average target implies an upside of 12.04% from the current price of $143.83. More detailed estimate data can be found on the Chevron Corp (CVX) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Chevron Corp's (CVX, 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 Chevron Corp (CVX, Financial) in one year is $153.12, suggesting a upside of 6.46% from the current price of $143.83. 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 Chevron Corp (CVX) Summary page.
