Alcon Inc. (ALC)
NYSE: ALC · IEX Real-Time Price · USD
88.79
+0.72 (0.82%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Alcon Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Alcon stock have an average target of 95.82, with a low estimate of 65 and a high estimate of 105. The average target predicts an increase of 7.92% from the current stock price of 88.79.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 15, 2024.
Analyst Ratings
The average analyst rating for Alcon stock from 12 stock analysts 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 '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 6 | 5 | 5 |
| Buy | 4 | 5 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 13 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $89 → $94 | Buy | Maintains | $89 → $94 | +5.87% | May 15, 2024 |
| Oppenheimer | Oppenheimer | Hold → Buy Upgrades $103 | Hold → Buy | Upgrades | $103 | +16.00% | May 15, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $100 → $105 | Strong Buy | Maintains | $100 → $105 | +18.26% | May 15, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $95 → $100 | Strong Buy | Reiterates | $95 → $100 | +12.63% | May 15, 2024 |
| Baird | Baird | Buy Maintains $95 → $104 | Buy | Maintains | $95 → $104 | +17.13% | May 15, 2024 |
Financial Forecast
Revenue This Year
10.08B
from 9.46B
Increased by 6.56%
Revenue Next Year
10.73B
from 10.08B
Increased by 6.53%
EPS This Year
3.10
from 1.96
Increased by 58.15%
EPS Next Year
3.57
from 3.10
Increased by 15.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.6B | 11.4B | 12.3B | 13.1B | 13.4B |
| Avg | 10.1B | 10.7B | 11.4B | 12.1B | 12.7B |
| Low | 9.6B | 10.2B | 10.8B | 11.6B | 12.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.9% | 13.6% | 14.6% | 14.7% | 10.6% |
| Avg | 6.6% | 6.5% | 6.5% | 6.2% | 4.9% |
| Low | 1.7% | 0.7% | 0.8% | 1.2% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.59 | 4.13 | 4.66 | 4.59 | 5.06 |
| Avg | 3.10 | 3.57 | 4.03 | 4.30 | 4.67 |
| Low | 2.89 | 3.30 | 3.71 | 4.10 | 4.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 83.1% | 33.2% | 30.6% | 13.9% | 17.6% |
| Avg | 58.2% | 15.0% | 13.0% | 6.8% | 8.7% |
| Low | 47.5% | 6.5% | 4.1% | 1.7% | 2.5% |
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.