Chevron: UBS Maintains Buy Rating, Raises PT to $197 from $186

Chevron: UBS Maintains Buy Rating, Raises PT to $197 from $186

July 02, 2025

In a recent research note, UBS has raised its price target for Chevron (CVX) to $197 from $186, while maintaining a Buy rating on the shares [1]. The analyst acknowledges that persistent commodity headwinds continue to dampen upside potential, but the revised target reflects a more optimistic outlook.

UBS's revised target places Chevron's stock at a premium of 23.6% compared to its current price of $155.32. This upward adjustment is supported by a bullish consensus among analysts, with a median price target of $170.00 and an overall rating of Buy (7.7/10) [2].

The latest analyst ratings and price targets for Chevron indicate a diverse range of opinions, with 14 analysts rating the stock as a Buy, 10 as a Hold, and 1 as a Sell. The most optimistic forecast comes from Josh Silverstein at UBS, projecting a 23.6% upside, while the most conservative target is provided by Peter Low at Redburn Atlantic, suggesting a 20.2% downside [2].

Despite the upward revision, Chevron's stock has experienced a year-to-date change of -8.1%, reflecting broader market dynamics and geopolitical factors. However, the company's recent export of oil from Venezuela to the U.S. and its potential shale gas deals in Algeria signal a potential increase in production and market positioning [3].

As of the latest financial data, Chevron has a market capitalization of $315.42B, a P/E ratio of 20.2x, and a trailing twelve-month revenue of $189.27B, with a 7.2% profit margin [2]. The company's strong financial health, coupled with its diversified business model, positions Chevron as a key player in the global energy sector.

In conclusion, UBS's upward revision of Chevron's price target reflects a more optimistic outlook, supported by a bullish analyst consensus. However, investors should remain vigilant to market dynamics and geopolitical factors that may impact Chevron's performance.

References:

[1] https://www.tipranks.com/news/the-fly/chevron-price-target-raised-to-197-from-186-at-ubs-thefly
[2] https://tickernerd.com/stock/cvx-forecast/
[3] https://www.reuters.com/business/energy/chevron-exports-first-two-cargoes-venezuelan-oil-us-2025-07-01/