Glencore Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Glencore stock has a consensus rating of "Strong Buy" and an average price target of $16.48. The average 1-year stock price forecast is 8.28% higher than the current stock price, while the lowest is $15.8 (+3.81%) and the highest is $16.9 (+11.04%).

Price Target: $16.48 (+8.28%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$15.8	$16.48	$16.6	$16.9
Change	+3.81%	+8.28%	+9.07%	+11.04%

* Price targets were last updated on May 1, 2026.

Analyst Ratings

The average analyst rating for Glencore stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	3	3	3	3	3
Buy	1	1	1	1	1	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Buy Initiates $17	Buy	Initiates	$17	+11.04%	May 1, 2026

Financial Forecast

Revenue This Year

286.05B

from 247.54B

15.56%

from 247.54B

Revenue Next Year

274.44B

from 286.05B

-4.06%

from 286.05B

EPS This Year

0.59

from 0.20

196.47%

from 0.20

EPS Next Year

0.58

from 0.59

-2.29%

from 0.59

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	203.75B	255.98B	217.83B	230.94B	247.54B	286.05B
Revenue Growth	43.15%	25.64%	-14.91%	6.02%	7.18%	15.56%
Gross Profit	12.45B	27.52B	10.78B	6.28B	6.12B	18.43B
Gross Margin	6.11%	10.75%	4.95%	2.72%	2.47%	6.44%
Operating Income	9.80B	24.83B	7.39B	3.33B	3.35B	13.05B
Net Income	4.97B	17.32B	4.28B	-1.63B	363.00M	6.57B
EPS	-	-	-	-	0.20	0.59
EPS Growth	-	-	-	-	-33.33%	196.47%
Forward PE	-	-	-	-	-	25.67
Dividend / Share	0.26	0.44	0.13	0.10	0.17	0.20
Dividend Growth	-	69.23%	-70.45%	-23.08%	70.00%	20.15%
Free Cash Flow	6.35B	7.40B	6.33B	5.66B	5.96B	6.72B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	363.6B
Avg	286.0B
Low	233.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	46.9%
Avg	15.6%
Low	-5.9%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	0.59
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	196.5%
Low	-