Chevron stock price forecast macro indicators like U

Macro indicators like U.S. GDP growth and China’s industrial output favor Chevron’s global sales outlook, tightening the range toward the $175 target price. Weekly Market Update: Stocks Gain 1% As Healthcare Jumps, but Energy Stocks Slide This configuration is less bullish than three months ago, with 12 analysts suggesting a “Strong Buy” rating, and one recommending a “Strong Sell.” Chevron stock price forecast remains cautiously bullish for Q2 2024, with analysts targeting $172–$178 amid strong upstream oil production and stable cash flows. Oil prices above $80/barrel support earnings growth.