PPG Industries, Inc. (PPG) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 38 analysts8.7% Below Target
PPG trades 8.7% below Wall Street's consensus target of $128.50.
Current Price$118.21
Average Target$128.50
Target
Current
Low$119.00
Median$129.00
High$140.00
Analyst Target Range
Forward P/E15.0x
(Fair)
PEG Ratio1.63
(Fair)
Implied Growth+11.5%
(Moderate)
Analyst Spread16.3%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes PPG achieves its forward estimates and maintains a stable P/E multiple of 15.0x. This scenario reflects the blended consensus of 38 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
PPG Price Target Analysis
Updated June 21, 2026As of June 21, 2026, PPG Industries, Inc. (PPG) has a Wall Street consensus price target of $128.50, based on estimates from 38 covering analysts. With the stock currently trading at $118.21, this represents a potential upside of +8.7%. The company has a market capitalization of $26.46B.
Analyst price targets range from a low of $119.00 to a high of $140.00, representing a 16% spread in expectations. The median target of $129.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 20 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, PPG trades at a trailing P/E of 17.1x and forward P/E of 15.0x. The forward PEG ratio of 1.63 indicates reasonable valuation for growth. Analysts expect EPS to grow +11.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $128.80, with bear and bull scenarios of $81.14 and $169.70 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+16.2%
Industry Consensus
Avg Forward P/E
13.8x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SHWThe Sherwin-Williams Company | $79.1B | $320.79 | $374.56 | +16.8% | Buy | 27.4x | 38 |
 RPMRPM International Inc. | $13.8B | $108.00 | $124.67 | +15.4% | Buy | 19.7x | 22 |
 AXTAAxalta Coating Systems Ltd. | $7.4B | $34.78 | $34.00 | -2.2% | Hold | 13.4x | 28 |
 DOWDow Inc. | $22.8B | $31.73 | $39.36 | +24.0% | Hold | 10.0x | 35 |
 LYBLyondellBasell Industries N.V. | $19.4B | $60.07 | $80.20 | +33.5% | Hold | 6.4x | 39 |
 EMNEastman Chemical Company | $8.3B | $72.49 | $79.89 | +10.2% | Buy | 11.4x | 35 |
 HUNHuntsman Corporation | $2.1B | $12.07 | $13.80 | +14.3% | Hold | — | 33 |
 CECelanese Corporation | $5.7B | $51.16 | $65.60 | +28.2% | Hold | 8.3x | 37 |
 KROKronos Worldwide, Inc. | $787M | $6.84 | $7.50 | +9.6% | Hold | — | 7 |
 TROXTronox Holdings plc | $1.2B | $7.40 | $8.33 | +12.6% | Buy | — | 17 |
PPG — Frequently Asked Questions
Quick answers to the most common questions about buying PPG stock.
What is the PPG stock price target for 2026?
The consensus price target for PPG is $128.5, close to the current price of $118.21 (8.7% implied move). Based on 38 analyst estimates, the stock appears fairly valued near current levels.
Is PPG a buy, sell, or hold?
PPG has a consensus rating of "Buy" based on 38 Wall Street analysts. The rating breakdown is predominantly bullish, with 20 Buy/Strong Buy ratings. The consensus 12-month price target of $128.5 implies 8.7% upside from current levels.
Is PPG stock overvalued or undervalued?
With a forward P/E of 15.015x, PPG trades at a relatively low valuation. The consensus target of $128.5 implies 8.7% appreciation, suggesting the market may be pricing in risks.
How high can PPG stock go?
The most bullish Wall Street analyst has a price target of $140 for PPG, while the most conservative target is $119. The consensus of $128.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $170 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover PPG stock?
PPG is heavily covered by Wall Street, with 38 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 20 have Buy ratings, 16 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PPG stock forecast?
The 12-month PPG stock forecast based on 38 Wall Street analysts shows a consensus price target of $128.5, with estimates ranging from $119 (bear case) to $140 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $129, with bear/bull scenarios of $81/$170.
What is PPG's fair value based on fundamentals?
Our quantitative valuation model calculates PPG's fair value at $129 (base case), with a bear case of $81 and bull case of $170. 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 50/100.
What is PPG's forward P/E ratio?
PPG trades at a forward P/E ratio of 15.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy PPG stock?
PPG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $128.5 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.
Why do PPG price targets vary so much?
PPG analyst price targets range from $119 to $140, a 16% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $128.5 consensus represents the middle ground. Our model's $81-$170 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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