MPLX LP (MPLX)
NYSE: MPLX · IEX Real-Time Price · USD
42.72
-0.16 (-0.37%)
At close: Jul 2, 2024, 4:00 PM
42.73
+0.01 (0.03%)
After-hours: Jul 2, 2024, 7:09 PM EDT
MPLX LP Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for MPLX LP stock have an average target of 44.36, with a low estimate of 36 and a high estimate of 49. The average target predicts an increase of 3.84% from the current stock price of 42.72.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 3, 2024.
Analyst Ratings
The average analyst rating for MPLX LP stock from 11 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 | 2 | 2 | 3 | 4 | 5 | 5 |
| Buy | 4 | 4 | 4 | 3 | 4 | 4 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 9 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $45 → $46 | Buy | Maintains | $45 → $46 | +7.68% | May 3, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $43 → $48 | Strong Buy | Maintains | $43 → $48 | +12.36% | May 2, 2024 |
| Stifel | Stifel | Strong Buy Maintains $45 → $47 | Strong Buy | Maintains | $45 → $47 | +10.02% | May 1, 2024 |
| UBS | UBS | Strong Buy Maintains $46 → $49 | Strong Buy | Maintains | $46 → $49 | +14.70% | Apr 12, 2024 |
| Barclays | Barclays | Buy Maintains $40 → $43 | Buy | Maintains | $40 → $43 | +0.66% | Apr 5, 2024 |
Financial Forecast
Revenue This Year
12.13B
from 11.28B
Increased by 7.55%
Revenue Next Year
12.54B
from 12.13B
Increased by 3.35%
EPS This Year
4.17
from 3.80
Increased by 9.74%
EPS Next Year
4.41
from 4.17
Increased by 5.72%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.9B | 13.6B | 13.6B | 12.2B | 12.4B |
| Avg | 12.1B | 12.5B | 12.4B | 11.8B | 12.0B |
| Low | 11.4B | 11.0B | 11.1B | 11.3B | 11.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.1% | 11.7% | 8.5% | -2.3% | 4.8% |
| Avg | 7.6% | 3.4% | -0.8% | -5.1% | 1.8% |
| Low | 0.7% | -9.8% | -11.1% | -8.8% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.53 | 4.86 | 5.19 | 5.20 | 5.47 |
| Avg | 4.17 | 4.41 | 4.60 | 4.87 | 5.06 |
| Low | 3.90 | 4.07 | 4.12 | 4.51 | 4.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.1% | 16.6% | 17.7% | 12.9% | 12.3% |
| Avg | 9.7% | 5.7% | 4.5% | 5.8% | 3.9% |
| Low | 2.6% | -2.5% | -6.6% | -2.1% | -5.2% |
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.