Albemarle Corporation (ALB)
NYSE: ALB · Real-Time Price · USD
98.24
+3.51 (3.71%)
At close: Nov 1, 2024, 4:00 PM
98.50
+0.26 (0.26%)
After-hours: Nov 1, 2024, 7:39 PM EDT
Albemarle Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Albemarle stock have an average target of 117.36, with a low estimate of 78 and a high estimate of 180. The average target predicts an increase of 19.46% from the current stock price of 98.24.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Albemarle stock from 23 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 2 | 2 | 2 |
| Buy | 6 | 6 | 6 | 5 | 5 | 5 |
| Hold | 9 | 9 | 12 | 14 | 14 | 14 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 23 | 23 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $85 → $79 | Hold | Maintains | $85 → $79 | -19.58% | Oct 25, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $100 → $110 | Hold | Maintains | $100 → $110 | +11.97% | Oct 8, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $190 → $170 | Buy | Maintains | $190 → $170 | +73.05% | Aug 28, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $115 → $78 | Hold | Maintains | $115 → $78 | -20.60% | Aug 19, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $105 → $80 | Hold | Maintains | $105 → $80 | -18.57% | Aug 16, 2024 |
Financial Forecast
Revenue This Year
5.60B
from 9.62B
Decreased by -41.75%
Revenue Next Year
6.09B
from 5.60B
Increased by 8.73%
EPS This Year
-0.20
from 13.36
EPS Next Year
2.44
from -0.20
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.3B | 8.4B | 10.1B | ||
| Avg | 5.6B | 6.1B | 7.0B | ||
| Low | 5.0B | 4.4B | 5.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -34.2% | 49.1% | 65.8% | ||
| Avg | -41.8% | 8.7% | 14.6% | ||
| Low | -47.8% | -20.7% | -7.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.26 | 12.61 | 26.49 | ||
| Avg | -0.20 | 2.44 | 4.88 | ||
| Low | -2.94 | -2.65 | -1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -75.6% | - | 987.0% | ||
| Avg | - | - | 100.1% | ||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.