GET DAILY SIGNALSChevron (CVX) Analysts Point to $240 Target with +13% Upside Potential
Key Takeaways
- The central $240 stock price target is the arithmetic mean of 17 verified analyst price targets, rounded from roughly $242 to a reader-friendly level.
- At a latest price near $212.61, reaching $240 would require an upside of about 13%, a substantial but not extreme move.
- Individual targets range from about $209 (Bernstein) to $268 (Wells Fargo), a wide spread that reflects disagreement over the oil-price outlook.
- Supporting factors include strong third-quarter earnings, rising production, robust free cash flow, and a recent wave of upward target revisions.
- Key risks include fading geopolitical risk premiums, crude-price sensitivity, refining-margin pressure, and a planned Hess Midstream-related charge.
- For more detail on the company's Major News, Today's Price Move, Forecast, and Earnings, explore the dedicated pages linked here.
- You can also explore Trending AI Robots for AI-driven market signals across thousands of tickers.
Breaking Down the Analyst Consensus
Chevron Corporation (CVX) is one of the world's largest integrated oil and gas producers, spanning upstream production, refining, and chemicals, and is the only energy constituent of the Dow Jones Industrial Average. Seventeen individual analyst price targets from identifiable firms were reviewed for this analysis, ranging from approximately $209 (Bernstein) to $268 (Wells Fargo). Their simple arithmetic mean is roughly $242, which rounds to a $240 central target.
That calculation sits close to independent aggregator averages, with S&P Global data pointing to a figure near $243 across 26 analysts. The dispersion is meaningful: bullish targets such as Wells Fargo's $268, UBS's $265, and J.P. Morgan's $261 stand well above more cautious marks like Bernstein's $209 and Freedom Broker's $218. Recent actions have leaned constructive, including Bank of America's $252 target, Goldman Sachs raising to $256, and Piper Sandler at $243, while DZ Bank downgraded to Hold at $240. The wide range reflects genuine disagreement over how sustainable current oil prices and refining margins are, rather than a single uniform view. I also checked this using Tickeron’s AI Daily Buy/Sell Signals to see how the stock compares to others in the industry.
Where CVX Stands Today and the Road to $240
With shares around $212.61, the $240 target implies roughly 13% upside, a substantial move requiring continued earnings momentum. The stock has climbed sharply from a 52-week low near $146.49, yet trades about 10% below its 52-week high of $236.48 set in late October, after a post-election pullback trimmed a year-to-date gain of roughly 36%.
The path toward the target would likely depend on sustained free cash flow, production growth, and stable-to-higher crude prices, together with investor confidence that the integrated model can keep supporting a dividend yielding about 3.35% and ongoing buybacks. Valuation remains moderate, with a trailing P/E near 15.6, leaving room for multiple expansion if earnings estimates hold.
Factors That Could Support a Move Higher
Chevron's third-quarter results showed revenue near $65.7 billion, up about 35% year over year, and net income of roughly $9.9 billion, with adjusted EPS of $5.28 topping estimates. Analysts point to Permian Basin growth, Gulf of America and international projects, cost reductions of $2–3 billion through 2026, and rising natural-gas demand as supports. The wave of post-earnings target increases from UBS, Wells Fargo, Evercore ISI, J.P. Morgan, and Goldman Sachs underscores improving sentiment around cash generation and shareholder returns.
Risks That Could Hold the Stock Back
The principal risks are tied to commodity prices. A Democratic electoral sweep has dampened the geopolitical risk premium that had supported crude, and any softening in demand or supply normalization could pressure cash flow. Chevron also flagged a $3–4 billion after-tax charge in the fourth quarter tied to the Hess Midstream transaction, and refining-margin weakness or integration costs from the Hess acquisition could weigh on results. A stock that has already gained roughly 36% year to date also faces the risk of profit-taking if sentiment toward energy equities cools.
Technical Levels Worth Watching
Technically, $236.48 stands as a prominent resistance level and prior high that shares would need to reclaim on the way to $240. Near-term resistance sits near $224–225, around the 20-day moving average, while support has formed near the $210 area, with psychological support at $200 and deeper support in the $186–190 zone. The pullback from late-October highs leaves the stock consolidating below its short-term moving averages, making a decisive reclaim of those levels an important technical signal.
Time Horizon and Key Items to Monitor
Analyst price targets generally reflect a research horizon of about 12 months, though individual firms apply their own frameworks. Investors should watch upcoming earnings and guidance, any revisions to crude-price assumptions, refining-margin trends, progress on the Hess Midstream charge, and the broader direction of interest rates and macroeconomic demand. Changes to the dividend or buyback program and further analyst target revisions will also be important signposts.
Integrating AI Tools Into My Process
In my own work, I occasionally turn to Tickeron’s AI Daily Buy/Sell Signals to layer quantitative signals on top of fundamental research. The platform monitors thousands of tickers in real time and generates Buy, Sell, or Hold alerts based on technical shifts and AI analysis, which helps me stay objective when tracking names like CVX amid volatile energy markets. It is one more data point rather than a replacement for traditional analysis.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
CVX's Stochastic Oscillator sits in oversold zone for 2 days
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +2.76% 3-day Advance, the price is estimated to grow further. Considering data from situations where CVX advanced for three days, in 229 of 378 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
CVX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 189 of 341 cases where CVX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 55%.
Bearish Trend Analysis
The 10-day RSI Indicator for CVX moved out of overbought territory on November 02, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 23 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 53%.
The Momentum Indicator moved below the 0 level on November 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CVX as a result. In 36 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 41%.
The Moving Average Convergence Divergence Histogram (MACD) for CVX turned negative on November 03, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In 23 of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at 43%.
CVX moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 40%.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 7 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 31, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 22 (best 1 - 100 worst), indicating outstanding price growth. CVX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 54 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 63 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 78 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.196) is normal, around the industry mean (1.508). CVX has a moderately high P/E Ratio (20.404) as compared to the industry average of (10.200). Projected Growth (PEG Ratio) (0.903) is also within normal values, averaging (1.088). Dividend Yield (0.033) settles around the average of (0.053) among similar stocks. P/S Ratio (2.004) is also within normal values, averaging (3.764).
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General Information
a company which explores and refines oil and natural gas
Industry IntegratedOil
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