PED trades 262.0% below Wall Street's consensus target of $48.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes PED achieves its forward estimates and maintains a stable P/E multiple of 59.5x. This scenario reflects the blended consensus of 2 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, PEDEVCO Corp. (PED) has a Wall Street consensus price target of $48.00, based on estimates from 2 covering analysts. With the stock currently trading at $13.26, this represents a potential upside of +262.0%. The company has a market capitalization of $176M.
Analyst price targets range from a low of $48.00 to a high of $48.00, representing a 0% spread in expectations. The median target of $48.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 2 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, PED trades at a trailing P/E of -5.9x and forward P/E of 59.5x. Analysts expect EPS to grow +117.4% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TPVGTriplePoint Venture Growth BDC Corp. | $200M | $4.92 | $5.00 | +1.6% | Hold | 5.5x | 12 |
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $63.42 | +131.6% | Hold | 6.8x | 16 |
 REIRing Energy, Inc. | $277M | $1.33 | $2.13 | +60.2% | Buy | 5.2x | 10 |
 BATLBattalion Oil Corporation | $24M | $1.10 | — | — | Buy | 4.8x | 2 |
 FORRForrester Research, Inc. | $229M | $11.78 | — | — | Hold | 15.2x | 4 |
 VTLEVital Energy, Inc. | $693M | $17.92 | $45.71 | +155.1% | Hold | 4.0x | 36 |
 MTDRMatador Resources Company | $6.5B | $52.12 | $72.45 | +39.0% | Buy | 6.6x | 42 |
 HALHalliburton Company | $27.6B | $33.01 | $43.11 | +30.6% | Buy | 14.1x | 64 |
 SLBSlb N.V. | $77.5B | $51.87 | $64.58 | +24.5% | Buy | 20.9x | 66 |
 BKRBaker Hughes Company | $57.6B | $58.03 | $74.45 | +28.3% | Buy | 22.0x | 45 |
Quick answers to the most common questions about buying PED stock.
The consensus Wall Street price target for PED is $48, representing 262.0% upside from the current price of $13.26. With 2 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
PED has a consensus rating of "Buy" based on 2 Wall Street analysts. The rating breakdown is predominantly bullish, with 2 Buy/Strong Buy ratings. The consensus 12-month price target of $48 implies 262.0% upside from current levels.
At a forward P/E of 59.5153x, PED trades at a premium valuation. The consensus price target of $48 (262.0% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $48 for PED, while the most conservative target is $48. The consensus of $48 represents the median expectation. These targets typically reflect 12-month expectations.
PED is lightly followed, with 2 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 0 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 PED stock forecast based on 2 Wall Street analysts shows a consensus price target of $48, with estimates ranging from $48 (bear case) to $48 (bull case). The median consensus rating is "Buy".
PED trades at a forward P/E ratio of 59.5x based on next-twelve-months earnings estimates. 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.
Wall Street analysts are very optimistic on PED, with a "Buy" consensus rating and $48 price target (262.0% upside). 2 of 2 analysts rate it Buy or Strong Buy. 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.
PED analyst price targets range from $48 to $48, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $48 consensus represents the middle ground.
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