Keppel Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Keppel stock has a consensus rating of "Buy" and an average price target of $12.32. The average 1-year stock price forecast is 9.32% higher than the current stock price, while the lowest is $7.80 (-30.79%) and the highest is $16.00 (+41.97%).

Price Target: $12.32 (+9.32%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.80	$12.32	$13.06	$16.00
Change	-30.79%	+9.32%	+15.88%	+41.97%

Analyst Ratings

The average analyst rating for Keppel stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	8	8	8	7	6	6
Buy	4	4	2	1	2	2
Hold	1	0	1	3	3	3
Sell	1	2	1	2	2	2
Strong Sell	0	0	0	0	0	0
Total	14	14	12	13	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mervin Song J.P. Morgan	J.P. Morgan	Buy Upgrades $12.00 → $12.05	Buy	Upgrades	$12.00 → $12.05	+6.92%	May 23, 2026
Adrian Loh UOB Kay Hian	UOB Kay Hian	Buy Maintains $13.23	Buy	Maintains	$13.23	+17.39%	May 19, 2026
Unknown Analyst Lim & Tan Securities No rating	Lim & Tan Securities	Buy Maintains $14.00 → $12.94	Buy	Maintains	$14.00 → $12.94	+14.82%	May 5, 2026
Paul Chew Phillip Securities	Phillip Securities	Buy Maintains $13.80	Buy	Maintains	$13.80	+22.45%	Apr 27, 2026
Lim Siew Khee CGS International	CGS International	Buy Reiterates $13.52	Buy	Reiterates	$13.52	+19.96%	Apr 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.62B

from 5.98B

10.68%

from 5.98B

Revenue Next Year

7.18B

from 6.62B

8.37%

from 6.62B

EPS This Year

0.56

from 0.56

1.21%

from 0.56

EPS Next Year

0.62

from 0.56

10.33%

from 0.56

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	6.61B	6.62B	6.97B	5.78B	5.98B	6.62B
Revenue Growth	0.56%	0.13%	5.23%	-16.97%	3.44%	10.68%
Gross Profit	1.53B	1.44B	1.96B	1.47B	1.72B	1.93B
Gross Margin	23.11%	21.73%	28.15%	25.42%	28.73%	29.21%
Operating Income	245.30M	377.39M	841.26M	731.60M	761.43M	1.23B
Net Income	1.03B	938.22M	4.08B	951.72M	800.11M	969.62M
EPS	-	-	-	-	0.56	0.56
EPS Growth	-	-	-	-	23.01%	1.21%
Forward PE	32.20	13.22	12.69	13.02	20.78	20.03
Dividend / Share	0.33	0.33	0.34	0.34	0.34	0.43
Dividend Growth	-	-	3.03%	-	-	26.51%
Free Cash Flow	80.91M	-1.71B	4.47B	-52.19M	-732.02M	890.50M
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SGD.

Revenue Forecast

Revenue	2026	2027	2028
High	7.6B
Avg	6.6B
Low	5.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	27.3%
Avg	10.7%
Low	-11.7%

EPS Forecast

EPS	2026	2027	2028
High	0.61
Avg	0.56
Low	0.45

EPS Growth

EPS Growth	2026	2027	2028
High	10.3%
Avg	1.2%
Low	-19.1%