Shell Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, Shell stock has a consensus rating of "Buy" and an average price target of $103.81. The average 1-year stock price forecast is 6.34% higher than the current stock price, while the lowest is $83 (-14.98%) and the highest is $123 (+26.00%).

Price Target: $103.81 (+6.34%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$83	$103.81	$101	$123
Change	-14.98%	+6.34%	+3.46%	+26.00%

Analyst Ratings

The average analyst rating for Shell stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	7	6	6	6	6	6
Buy	1	1	0	0	1	1
Hold	8	7	10	10	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	14	16	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Gabelman TD Cowen	TD Cowen	Buy Maintains $107 → $115	Buy	Maintains	$107 → $115	+17.80%	Sep 28, 2026
Martijn Rats Morgan Stanley	Morgan Stanley	Buy Upgrades $82 → $101	Buy	Upgrades	$82 → $101	+3.77%	Sep 3, 2026
John Royall Piper Sandler	Piper Sandler	Hold Maintains $89 → $100	Hold	Maintains	$89 → $100	+2.44%	Sep 3, 2026
Hans Engel Erste Group	Erste Group	Buy Upgrades n/a	Buy	Upgrades	n/a	n/a	Aug 27, 2026
Sam Margolin Wells Fargo	Wells Fargo	Hold Reiterates $100 → $105	Hold	Reiterates	$100 → $105	+7.56%	Jul 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

340.39B

from 266.89B

27.54%

from 266.89B

Revenue Next Year

318.01B

from 340.39B

-6.57%

from 340.39B

EPS This Year

6.06

from 3.15

92.26%

from 3.15

EPS Next Year

5.47

from 6.06

-9.69%

from 6.06

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	261.50B	381.31B	316.62B	284.31B	266.89B	340.39B
Revenue Growth	44.84%	45.82%	-16.97%	-10.20%	-6.13%	27.54%
Gross Profit	62.77B	97.31B	78.50B	72.81B	67.79B	71.82B
Gross Margin	24.00%	25.52%	24.79%	25.61%	25.40%	21.10%
Operating Income	24.81B	64.33B	34.63B	33.45B	29.83B	55.30B
Net Income	20.10B	42.31B	19.36B	16.09B	17.84B	31.52B
EPS	-	-	-	-	3.15	6.06
EPS Growth	-	-	-	-	-16.22%	92.26%
Forward PE	-	-	-	-	-	16.12
Dividend / Share	0.89	1.04	1.29	1.39	1.45	1.56
Dividend Growth	36.83%	16.12%	24.68%	7.46%	4.03%	7.77%
Free Cash Flow	-	-	-	-	26.05B	34.41B
No. Analysts	-	-	-	-	-	9

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	384.1B
Avg	340.4B
Low	269.6B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	43.9%
Avg	27.5%
Low	1.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	6.79
Avg	6.06
Low	4.83

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	115.6%
Avg	92.3%
Low	53.5%