MPLX LP (MPLX)

MPLX LP Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for MPLX LP stock have an average target of 48.73, with a low estimate of 43 and a high estimate of 55. The average target predicts an increase of 2.42% from the current stock price of 47.58.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$43	$48.73	$47	$55
Change	-9.63%	+2.42%	-1.22%	+15.59%

Analyst Ratings

The average analyst rating for MPLX LP stock from 11 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	5	5	5	5	4	4
Buy	4	4	5	6	6	6
Hold	2	1	0	0	0	0
Sell	0	0	0	0	1	1
Strong Sell	0	0	0	0	0	0
Total	11	10	10	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Neal Dingmann Truist Securities	Truist Securities	Strong Buy Maintains $48 → $55	Strong Buy	Maintains	$48 → $55	+15.59%	Nov 19, 2024
Elvira Scotto RBC Capital	RBC Capital	Buy Maintains $50 → $52	Buy	Maintains	$50 → $52	+9.29%	Nov 18, 2024
Brian Reynolds UBS	UBS	Strong Buy Maintains $51 → $55	Strong Buy	Maintains	$51 → $55	+15.59%	Nov 15, 2024
Michael Blum Wells Fargo	Wells Fargo	Buy Maintains $50 → $53	Buy	Maintains	$50 → $53	+11.39%	Nov 7, 2024
Jean Ann Salisbury B of A Securities	B of A Securities	Sell Initiates $43	Sell	Initiates	$43	-9.63%	Oct 17, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.19B

Increased by 14.13%

from 10.68B

Revenue Next Year

12.77B

Increased by 4.79%

from 12.19B

EPS This Year

4.33

Increased by 13.86%

from 3.80

EPS Next Year

4.51

Increased by 4.24%

from 4.33

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	8.75B	8.51B	9.71B	11.14B	10.68B	12.19B	12.77B	12.47B
Revenue Growth	29.49%	-2.81%	14.12%	14.74%	-4.09%	14.13%	4.79%	-2.42%
EPS	1.00	-0.80	2.86	3.75	3.80	4.33	4.51	4.72
EPS Growth	-56.33%	-	-	31.17%	1.33%	13.86%	4.24%	4.61%
Forward PE	-	-	-	-	-	11.00	10.55	10.09
No. Analysts	-	-	-	-	-	15	15	13

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	13.2B	14.2B	13.3B
Avg	12.2B	12.8B	12.5B
Low	11.4B	11.7B	11.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	23.6%	16.2%	4.4%
Avg	14.1%	4.8%	-2.4%
Low	6.3%	-4.2%	-12.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.79	5.33	5.76
Avg	4.33	4.51	4.72
Low	4.01	4.09	4.23

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	26.0%	23.3%	27.8%
Avg	13.9%	4.2%	4.6%
Low	5.5%	-5.5%	-6.1%

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.