On Thursday, the Vetr crowd downgraded its rating on Chevron Corporation CVX from 4.5 stars (Strong Buy), issued 35 days ago, to 4 stars (Buy). Crowd sentiment at the time of the downgrade remained unanimously positive, with 100 percent of Vetr user ratings bullish.
Chevron entered September on a strong uptrend, gaining nearly 4 percent from the end of August through the Labor Day weekend. This boost comes after an initial jump in shares following a strong earnings filing late in July in which the company showed 34.48 billion in revenue, topping analyst estimates, and showing year-over-year growth of more than 17.5 percent.
By the end of Thursday's trading day, Chevron finished slightly up at $111.80.
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average price target on Chevron is up at $123.62, which is above the average analyst price target of $120.57. Less than 2 percent of Vetr users are holding CVX in their watch-lists.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.