Albemarle Corporation (ALB)
NYSE: ALB · IEX Real-Time Price · USD
97.06
-0.35 (-0.36%)
At close: Jul 2, 2024, 4:00 PM
97.30
+0.24 (0.25%)
After-hours: Jul 2, 2024, 7:57 PM EDT
Albemarle Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Albemarle stock have an average target of 154, with a low estimate of 81 and a high estimate of 280. The average target predicts an increase of 58.66% from the current stock price of 97.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Albemarle stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 2 | 4 | 4 | 4 |
| Buy | 8 | 8 | 8 | 8 | 6 | 6 |
| Hold | 6 | 8 | 10 | 8 | 9 | 9 |
| Sell | 3 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 22 | 22 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Sell Maintains $122 → $95 | Sell | Maintains | $122 → $95 | -2.12% | Jun 25, 2024 |
| UBS | UBS | Hold Maintains $132 → $124 | Hold | Maintains | $132 → $124 | +27.76% | Jun 13, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $157 | Buy | Reiterates | $157 | +61.76% | May 24, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $150 → $135 | Buy → Hold | Downgrades | $150 → $135 | +39.09% | May 21, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $125 → $140 | Hold | Maintains | $125 → $140 | +44.24% | May 7, 2024 |
Financial Forecast
Revenue This Year
5.98B
from 9.62B
Decreased by -37.81%
Revenue Next Year
7.17B
from 5.98B
Increased by 19.88%
EPS This Year
2.95
from 13.36
Decreased by -77.95%
EPS Next Year
7.97
from 2.95
Increased by 170.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1B | 11.6B | 14.6B | 11.9B | 16.1B |
| Avg | 6.0B | 7.2B | 8.4B | 9.5B | 12.1B |
| Low | 5.0B | 5.7B | 6.5B | 7.8B | 8.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -25.8% | 93.5% | 103.5% | 41.9% | 70.0% |
| Avg | -37.8% | 19.9% | 16.6% | 13.2% | 27.6% |
| Low | -47.8% | -4.4% | -9.1% | -6.9% | -14.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.49 | 28.20 | 45.87 | 23.65 | 56.08 |
| Avg | 2.95 | 7.97 | 11.29 | 11.98 | 30.78 |
| Low | -0.43 | 0.80 | 2.50 | 6.05 | 7.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.5% | 857.5% | 475.5% | 109.4% | 368.0% |
| Avg | -78.0% | 170.6% | 41.7% | 6.1% | 156.9% |
| Low | - | -72.7% | -68.7% | -46.5% | -38.2% |
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.