BP forecast

BP's Forecast and Analyst Ratings: BP has been given a moderate buy rating by analysts, with 9 buy ratings, 5 hold ratings, and 1 sell rating. The average 12-month price target is $37.63, representing a 6.36% upside from the last price of $35.38. The highest price target is $47.00, while the lowest is $6.78. This suggests that analysts have a mixed view on BP's future performance, with some expecting higher growth potential, while others are more cautious.

1. Analyst Price Targets:
   • The average price target is $37.63, with a high of $47.00 and a low of $6.78.
   • The highest price target is $622.92, with a high forecast of $1,000.00 and a low forecast of $510.00, representing a 36.52% upside.
2. Analyst Ratings:
   • 9 analysts give a buy rating.
   • 5 analysts give a hold rating.
   • 1 analyst gives a sell rating.
3. Recent Analyst Actions:
   • UBS and Jefferies have given a buy rating.
   • Morgan Stanley, Wells Fargo, Scotiabank, and TD Cowen have reiterated their ratings.
   • Analysts have also adjusted their price targets, with some raising and others lowering them.
4. Market Sentiments:
   • BP's stock has been given a moderate buy rating, indicating that analysts believe there is potential for growth but also some level of risk.
   • The average price target represents a slight increase from the current price, suggesting that analysts expect a modest appreciation in the stock's value.
5. Investor Consideration:
   • Investors should consider the mixed analyst ratings and price targets, which indicate a range of expectations for BP's future performance.
   • The recent net fund flow of -$1.19 million suggests a slight bearish sentiment among investors.
6. Strategic Developments:
   • BP has been focusing on growing its transition growth businesses and sustaining earnings from resilient hydrocarbons.
   • The company aims to accelerate its net zero ambition and has set targets for EBITDA growth through 2030.

In conclusion, while there is a range of expectations for BP's future performance, the average price target and moderate buy rating suggest that analysts believe there is potential for the stock to appreciate. Investors should consider the mixed analyst ratings and the company's strategic developments in assessing BP's forecast.