On July 15, 2025, California Resources (CRC, Financial) received a notable upgrade from JP Morgan, one of the leading investment banking firms. Analyst Zach Parham has shifted the stock's rating from 'Neutral' to 'Overweight', indicating increased confidence in the company's performance prospects.
In addition to the rating upgrade, JP Morgan has raised its price target for California Resources (CRC, Financial) from $60.00 to $63.00 USD. This represents a 5% increase in the price target, reflecting an optimistic outlook on the stock's potential in the market.
The upgrade and revised price target suggest that investors may want to reconsider their positions on CRC, as the adjustment highlights anticipated positive developments for California Resources.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for California Resources Corp (CRC, Financial) is $58.50 with a high estimate of $73.00 and a low estimate of $44.00. The average target implies an upside of 22.90% from the current price of $47.60. More detailed estimate data can be found on the California Resources Corp (CRC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, California Resources Corp's (CRC, Financial) average brokerage recommendation is currently 1.9, 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 California Resources Corp (CRC, Financial) in one year is $44.85, suggesting a downside of 5.78% from the current price of $47.6. 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 California Resources Corp (CRC) Summary page.
