Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Chevron Corporation (CVX) has a Wall Street consensus price target of $184.54, based on estimates from 51 covering analysts. With the stock currently trading at $186.75, this represents a potential downside of -1.2%. The company has a market capitalization of $369.76B.
Analyst price targets range from a low of $160.00 to a high of $212.00, representing a 28% spread in expectations. The median target of $180.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 32 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 3 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CVX trades at a trailing P/E of 19.2x and forward P/E of 27.8x. The forward PEG ratio of 0.62 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +9.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $185.14, with bear and bull scenarios of $-65.51 and $565.71 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how CVX stacks up against sector leader California Resources Corporation.
Start ComparisonWall Street's consensus price target for CVX is $184.54, -1.2% from its current price of $186.75. The below-market target from 51 analysts suggests limited near-term appreciation.
CVX has a consensus rating of "Buy" based on 51 Wall Street analysts. The rating breakdown is predominantly bullish, with 32 Buy/Strong Buy ratings. The consensus 12-month price target of $184.54 implies -1.2% downside from current levels.
CVX trades at a forward P/E of 27.7691x, representing a moderate valuation. With analysts targeting $184.54 (-1.2% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $212 for CVX, while the most conservative target is $160. The consensus of $184.54 represents the median expectation. Our quantitative valuation model projects a bull case target of $566 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CVX is heavily covered by Wall Street, with 51 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 32 have Buy ratings, 16 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CVX stock forecast based on 51 Wall Street analysts shows a consensus price target of $184.54, with estimates ranging from $160 (bear case) to $212 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $185, with bear/bull scenarios of $-66/$566.
Our quantitative valuation model calculates CVX's fair value at $185 (base case), with a bear case of $-66 and bull case of $566. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
CVX trades at a forward P/E ratio of 27.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 19.2x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on CVX, with 3 Sell ratings and a price target of $184.54 (-1.2% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CVX analyst price targets range from $160 to $212, a 28% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $184.54 consensus represents the middle ground. Our model's $-66-$566 range provides an independent fundamental perspective.