Eastman Chemical Company Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for EMN stock have an average target of 113.92, with a low estimate of 101 and a high estimate of 128. The average target predicts an increase of 24.15% from the current stock price of 91.76.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$101	$113.92	$111	$128
Change	+10.07%	+24.15%	+20.97%	+39.49%

Analyst Ratings

The average analyst rating for EMN stock from 13 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	6	6	6	5	5	4
Buy	3	3	3	2	2	2
Hold	10	10	10	9	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	19	19	19	16	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Patrick Cunningham Citigroup	Citigroup	Strong Buy → Hold Downgrades $118 → $104	Strong Buy → Hold	Downgrades	$118 → $104	+13.34%	Dec 18, 2024
John Roberts Mizuho	Mizuho	Hold Maintains $113 → $117	Hold	Maintains	$113 → $117	+27.51%	Nov 26, 2024
Michael Sison Wells Fargo	Wells Fargo	Hold → Buy Upgrades $110 → $125	Hold → Buy	Upgrades	$110 → $125	+36.22%	Nov 26, 2024
Arun Viswanathan RBC Capital	RBC Capital	Hold Reiterates $105	Hold	Reiterates	$105	+14.43%	Nov 22, 2024
Arun Viswanathan RBC Capital	RBC Capital	Hold Maintains $107 → $105	Hold	Maintains	$107 → $105	+14.43%	Nov 6, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.50B

from 9.21B

3.13%

from 9.21B

Revenue Next Year

9.90B

from 9.50B

4.18%

from 9.50B

EPS This Year

7.71

from 7.49

2.92%

from 7.49

EPS Next Year

8.77

from 7.71

13.77%

from 7.71

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	9.27B	8.47B	10.48B	10.58B	9.21B	9.50B	9.90B	10.35B
Revenue Growth	-8.65%	-8.63%	23.64%	0.99%	-12.95%	3.13%	4.18%	4.62%
EPS	5.48	3.50	6.25	6.35	7.49	7.71	8.77	9.89
EPS Growth	-27.51%	-36.13%	78.57%	1.60%	17.95%	2.92%	13.77%	12.75%
Forward PE	-	-	-	-	-	11.90	10.46	9.28
No. Analysts	-	-	-	-	-	22	22	14

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	9.9B	10.9B	11.5B
Avg	9.5B	9.9B	10.4B
Low	8.9B	9.0B	9.3B

Revenue Growth

Revenue Growth	2024	2025	2026
High	8.0%	14.3%	16.4%
Avg	3.1%	4.2%	4.6%
Low	-3.4%	-5.6%	-6.0%

EPS Forecast

EPS	2024	2025	2026
High	8.10	10.19	11.66
Avg	7.71	8.77	9.89
Low	7.40	7.97	8.82

EPS Growth

EPS Growth	2024	2025	2026
High	8.2%	32.1%	32.9%
Avg	2.9%	13.8%	12.8%
Low	-1.2%	3.4%	0.6%

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.