Calumet Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Calumet stock has a consensus rating of "Buy" and an average price target of $38.8. The average 1-year stock price forecast is 18.87% higher than the current stock price, while the lowest is $26 (-20.34%) and the highest is $60 (+83.82%).

Price Target: $38.8 (+18.87%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$26	$38.8	$36	$60
Change	-20.34%	+18.87%	+10.29%	+83.82%

Analyst Ratings

The average analyst rating for Calumet 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	3	3	3	2	2	2
Buy	0	0	0	0	0	0
Hold	3	3	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Gabelman TD Cowen	TD Cowen	Hold Maintains $25 → $34	Hold	Maintains	$25 → $34	+4.17%	Jun 3, 2026
Amit Dayal H.C. Wainwright	H.C. Wainwright	Buy Reiterates $33 → $60	Buy	Reiterates	$33 → $60	+83.82%	May 11, 2026
Neil Mehta Goldman Sachs	Goldman Sachs	Hold Downgrades $34 → $36	Hold	Downgrades	$34 → $36	+10.29%	Apr 24, 2026
Conor Fitzpatrick Bank of America Securities	Bank of America Securities	Buy Reiterates $40 → $33	Buy	Reiterates	$40 → $33	+1.10%	Mar 30, 2026
Unknown Analyst Raymond James No rating	Raymond James	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Mar 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

4.58B

from 4.14B

10.73%

from 4.14B

Revenue Next Year

4.81B

from 4.58B

4.95%

from 4.58B

EPS This Year

-3.29

from -0.47

EPS Next Year

0.31

from -3.29

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	3.15B	4.69B	4.18B	4.19B	4.14B	4.58B
Revenue Growth	38.79%	48.87%	-10.78%	0.20%	-1.25%	10.73%
Gross Profit	98.20M	384.10M	535.50M	289.10M	261.90M	213.47M
Gross Margin	3.12%	8.20%	12.81%	6.90%	6.33%	4.66%
Operating Income	-149.50M	83.30M	364.40M	77.70M	79.10M	47.21M
Net Income	-254.90M	-169.80M	47.10M	-222.00M	-33.80M	-355.90M
EPS	-	-	-	-	-0.47	-3.29
Free Cash Flow	-10.48M	-260.78M	-235.21M	30.73M	-74.24M	61.50M
No. Analysts	-	-	-	-	-	6

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

Revenue Forecast

Revenue	2026	2027	2028
High	5.3B
Avg	4.6B
Low	3.9B

Revenue Growth

Revenue Growth	2026	2027	2028
High	28.7%
Avg	10.7%
Low	-6.5%

EPS Forecast

EPS	2026	2027	2028
High	-3.29
Avg	-3.29
Low	-3.29

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-