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 1, 2026, Devon Energy Corporation (DVN) has a Wall Street consensus price target of $47.78, based on estimates from 63 covering analysts. With the stock currently trading at $43.53, this represents a potential upside of +9.8%. The company has a market capitalization of $27.00B.
Analyst price targets range from a low of $42.00 to a high of $52.00, representing a 21% spread in expectations. The median target of $50.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 44 analysts rating the stock as a Buy or Strong Buy,19 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, DVN trades at a trailing P/E of 10.4x and forward P/E of 13.5x. Analysts expect EPS to grow -24.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $52.26, with bear and bull scenarios of $-10.54 and $103.93 respectively. Model confidence stands at 39/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus price target for DVN is $47.78, close to the current price of $43.53 (9.8% implied move). Based on 63 analyst estimates, the stock appears fairly valued near current levels.
DVN has a consensus rating of "Buy" based on 63 Wall Street analysts. The rating breakdown is predominantly bullish, with 44 Buy/Strong Buy ratings. The consensus 12-month price target of $47.78 implies 9.8% upside from current levels.
With a forward P/E of 13.5023x, DVN trades at a relatively low valuation. The consensus target of $47.78 implies 9.8% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $52 for DVN, while the most conservative target is $42. The consensus of $47.78 represents the median expectation. Our quantitative valuation model projects a bull case target of $104 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
DVN is heavily covered by Wall Street, with 63 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 44 have Buy ratings, 19 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month DVN stock forecast based on 63 Wall Street analysts shows a consensus price target of $47.78, with estimates ranging from $42 (bear case) to $52 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $52, with bear/bull scenarios of $-11/$104.
Our quantitative valuation model calculates DVN's fair value at $52 (base case), with a bear case of $-11 and bull case of $104. 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 39/100.
DVN trades at a forward P/E ratio of 13.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 10.4x. 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.
DVN appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $47.78 target. Consider your investment thesis and risk tolerance. 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.
DVN analyst price targets range from $42 to $52, a 21% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $47.78 consensus represents the middle ground. Our model's $-11-$104 range provides an independent fundamental perspective.