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Eastman Chemical Company (EMN) Stock Forecast, Price Target & Predictions

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EMN Stock Forecast

Eastman Chemical Company stock forecast is as follows: an average price target of $109.61 (represents a 5.38% upside from EMN’s last price of $104.01) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

EMN Price Target

The average price target for Eastman Chemical Company (EMN) is $109.61 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $84.00. This represents a potential 5.38% upside from EMN's last price of $104.01.

EMN Analyst Ratings

Buy

According to 13 Wall Street analysts, Eastman Chemical Company's rating consensus is 'Buy'. The analyst rating breakdown for EMN stock is 0 'Strong Buy' (0.00%), 8 'Buy' (61.54%), 4 'Hold' (30.77%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

Eastman Chemical Company Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 04, 2024Aleksey YefremovKeyBanc$121.00$100.0520.94%16.33%
Oct 16, 2024Steve ByrneBank of America Securities$119.00$110.327.87%14.41%
Sep 25, 2024Lawrence AlexanderJefferies$130.00$110.5817.56%24.99%
Jul 29, 2024David BegleiterDeutsche Bank$108.00$100.737.22%3.84%
May 23, 2024Joshua SpectorUBS$128.00$99.4228.75%23.07%
Apr 30, 2024Charles NeivertPiper Sandler$105.00$94.4411.18%0.95%
Apr 29, 2024Lawrence AlexanderJefferies$125.00$97.5028.21%20.18%
Apr 19, 2024Arun ViswanathanRBC Capital$100.00$96.024.14%-3.86%
Mar 26, 2024Lawrence AlexanderJefferies$102.00$99.262.76%-1.93%
Aug 31, 2023Vincent AndrewsMorgan Stanley$115.00$85.4134.64%10.57%
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The latest Eastman Chemical Company stock forecast, released on Nov 04, 2024 by Aleksey Yefremov from KeyBanc, set a price target of $121.00, which represents a 20.94% increase from the stock price at the time of the forecast ($100.05), and a 16.33% increase from EMN last price ($104.01).

Eastman Chemical Company Price Target by Period

1M3M12M
# Anlaysts139
Avg Price Target$121.00$123.33$115.33
Last Closing Price$104.01$104.01$104.01
Upside/Downside16.33%18.58%10.88%

In the current month, the average price target of Eastman Chemical Company stock is $121.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 16.33% increase as opposed to Eastman Chemical Company's last price of $104.01. This month's average price target is down -1.89% compared to last quarter, and up 4.92% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024Bank of America SecuritiesBuyNeutralDowngrade
Oct 11, 2024Piper SandlerUnderperformUnderperformHold
Oct 11, 2024RBC CapitalSector PerformSector PerformHold
Sep 25, 2024JefferiesBuyBuyHold
Jul 29, 2024Deutsche BankHoldHoldHold
Jul 29, 2024BarclaysEqual-WeightEqual-WeightHold
May 06, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 30, 2024Piper SandlerNeutralNeutralHold
Apr 29, 2024Bank of America SecuritiesBuyBuyHold
Apr 19, 2024RBC CapitalSector PerformSector PerformHold
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Eastman Chemical Company's last stock rating was published by Bank of America Securities on Oct 16, 2024. The company Downgrade its EMN rating from "Buy" to "Neutral".

Eastman Chemical Company Financial Forecast

Eastman Chemical Company Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$4.05B$2.32B$2.41B$2.37B$2.71B$2.78B$2.71B$2.69B$2.72B$2.65B$2.41B$2.19B$2.12B$1.92B$2.24B$2.21B$2.33B
Avg Forecast$2.51B$2.50B$2.50B$2.49B$2.38B$2.55B$2.45B$2.40B$2.29B$2.38B$2.36B$2.29B$2.21B$2.34B$2.59B$2.43B$2.43B$2.58B$2.77B$2.50B$2.38B$2.60B$2.40B$2.33B$2.16B$2.08B$1.83B$2.26B$2.20B$2.38B
High Forecast$2.57B$2.56B$2.56B$2.55B$2.43B$2.61B$2.51B$2.44B$2.36B$2.38B$2.36B$2.30B$2.32B$2.59B$2.65B$2.49B$2.49B$2.58B$2.77B$2.50B$2.38B$2.60B$2.40B$2.33B$2.16B$2.08B$1.83B$2.26B$2.20B$2.38B
Low Forecast$2.43B$2.43B$2.42B$2.42B$2.31B$2.48B$2.38B$2.38B$2.17B$2.38B$2.36B$2.28B$2.09B$2.02B$2.51B$2.36B$2.36B$2.58B$2.77B$2.50B$2.38B$2.60B$2.40B$2.33B$2.16B$2.08B$1.83B$2.26B$2.20B$2.38B
# Analysts44443335943471366555111211109933322
Surprise %-------------1.73%0.90%0.99%0.97%1.05%1.01%1.09%1.13%1.04%1.10%1.03%1.01%1.02%1.05%0.99%1.00%0.98%

Eastman Chemical Company's average Quarter revenue forecast for Dec 23 based on 7 analysts is $2.21B, with a low forecast of $2.09B, and a high forecast of $2.32B. EMN's average Quarter revenue forecast represents a -45.48% decrease compared to the company's last Quarter revenue of $4.05B (Sep 23).

Eastman Chemical Company EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943471366555111211109933322
EBITDA-------------$264.00M$442.00M$409.00M$272.00M$446.00M$560.00M$453.00M$697.00M$495.00M$82.00M$536.00M$220.00M$389.00M$192.00M$506.00M$211.00M$518.00M
Avg Forecast$476.12M$475.21M$474.31M$473.41M$451.93M$485.16M$466.29M$456.23M$434.61M$452.55M$447.86M$564.89M$419.45M$443.71M$491.65M$513.53M$787.31M$489.77M$525.96M$466.85M$451.68M$494.74M$456.48M$512.35M$409.97M$394.90M$347.88M$411.31M$418.80M$452.74M
High Forecast$487.27M$486.35M$485.42M$484.50M$462.51M$496.52M$477.22M$463.83M$448.13M$452.87M$447.86M$677.86M$440.71M$491.27M$503.16M$616.24M$944.77M$489.77M$525.96M$560.22M$451.68M$494.74M$456.48M$614.82M$409.97M$394.90M$347.88M$493.57M$418.80M$452.74M
Low Forecast$461.84M$460.96M$460.08M$459.21M$438.37M$470.61M$452.31M$452.43M$411.43M$452.23M$447.86M$451.91M$396.25M$384.39M$476.90M$410.83M$629.85M$489.77M$525.96M$373.48M$451.68M$494.74M$456.48M$409.88M$409.97M$394.90M$347.88M$329.05M$418.80M$452.74M
Surprise %-------------0.59%0.90%0.80%0.35%0.91%1.06%0.97%1.54%1.00%0.18%1.05%0.54%0.99%0.55%1.23%0.50%1.14%

7 analysts predict EMN's average Quarter EBITDA for Dec 23 to be $419.45M, with a high of $440.71M and a low of $396.25M. This is 58.88% upper than Eastman Chemical Company's previous annual EBITDA (Sep 23) of $264.00M.

Eastman Chemical Company Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943471366555111211109933322
Net Income-------------$178.00M$272.00M$134.00M$2.00M$301.00M$256.00M$235.00M$380.00M$351.00M$-146.00M$274.00M$32.00M$161.00M$27.00M$258.00M$26.00M$266.00M
Avg Forecast$245.70M$330.85M$332.82M$268.83M$230.78M$281.16M$274.45M$230.25M$190.67M$253.40M$237.07M$292.40M$152.65M$170.06M$227.83M$265.82M$426.98M$240.86M$317.77M$241.65M$221.88M$291.80M$276.12M$261.91M$178.86M$162.30M$124.47M$209.72M$157.79M$238.36M
High Forecast$253.19M$340.92M$342.96M$277.02M$237.81M$289.73M$282.81M$282.28M$217.41M$254.06M$237.10M$350.88M$158.61M$185.31M$234.76M$318.98M$512.37M$240.86M$317.77M$289.98M$223.11M$291.80M$276.12M$314.29M$178.86M$162.30M$124.47M$251.66M$157.79M$238.36M
Low Forecast$236.12M$317.95M$319.84M$258.35M$221.78M$270.20M$263.75M$201.47M$182.53M$252.75M$237.04M$233.92M$144.30M$154.82M$218.94M$212.65M$341.58M$240.86M$317.77M$193.32M$220.65M$291.80M$276.12M$209.53M$178.86M$162.30M$124.47M$167.78M$157.79M$238.36M
Surprise %-------------1.05%1.19%0.50%0.00%1.25%0.81%0.97%1.71%1.20%-0.53%1.05%0.18%0.99%0.22%1.23%0.16%1.12%

Eastman Chemical Company's average Quarter net income forecast for Dec 23 is $152.65M, with a range of $144.30M to $158.61M. EMN's average Quarter net income forecast represents a -14.24% decrease compared to the company's last Quarter net income of $178.00M (Sep 23).

Eastman Chemical Company SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943471366555111211109933322
SG&A-------------$160.00M$185.00M$191.00M$172.00M$173.00M$185.00M$196.00M$208.00M$201.00M$202.00M$184.00M$174.00M$165.00M$155.00M$160.00M$176.00M$163.00M
Avg Forecast$188.07M$187.71M$187.35M$187.00M$178.51M$191.64M$184.18M$180.21M$171.67M$178.76M$176.90M$243.87M$165.68M$175.26M$194.20M$221.70M$234.95M$193.47M$207.76M$201.55M$178.42M$195.43M$180.32M$175.88M$161.94M$155.99M$137.42M$130.06M$165.43M$178.84M
High Forecast$192.47M$192.11M$191.74M$191.38M$182.69M$196.13M$188.50M$183.21M$177.01M$178.88M$176.90M$292.65M$174.08M$194.05M$198.75M$266.04M$281.94M$193.47M$207.76M$241.86M$178.42M$195.43M$180.32M$211.06M$161.94M$155.99M$137.42M$156.07M$165.43M$178.84M
Low Forecast$182.43M$182.08M$181.73M$181.39M$173.16M$185.89M$178.66M$178.71M$162.51M$178.63M$176.90M$195.10M$156.52M$151.83M$188.37M$177.36M$187.96M$193.47M$207.76M$161.24M$178.42M$195.43M$180.32M$140.71M$161.94M$155.99M$137.42M$104.05M$165.43M$178.84M
Surprise %-------------0.91%0.95%0.86%0.73%0.89%0.89%0.97%1.17%1.03%1.12%1.05%1.07%1.06%1.13%1.23%1.06%0.91%

Eastman Chemical Company's average Quarter SG&A projection for Dec 23 is $165.68M, based on 7 Wall Street analysts, with a range of $156.52M to $174.08M. The forecast indicates a 3.55% rise compared to EMN last annual SG&A of $160.00M (Sep 23).

Eastman Chemical Company EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943471366555111211109933322
EPS-------------$1.50$2.28$1.13$0.02$2.48$2.05$1.82$2.87$2.60$-1.07$2.01$0.23$1.19$0.20$1.90$0.19$1.95
Avg Forecast$2.09$2.81$2.83$2.28$1.96$2.39$2.33$1.95$1.62$2.15$2.01$1.43$1.30$1.44$1.93$1.25$1.25$2.03$2.68$2.11$1.87$2.46$2.33$2.04$1.51$1.37$1.05$1.71$1.33$2.01
High Forecast$2.15$2.89$2.91$2.35$2.02$2.46$2.40$2.40$1.85$2.16$2.01$1.51$1.35$1.57$1.99$1.29$1.29$2.03$2.68$2.11$1.88$2.46$2.33$2.04$1.51$1.37$1.05$1.71$1.33$2.01
Low Forecast$2.00$2.70$2.72$2.19$1.88$2.29$2.24$1.71$1.55$2.15$2.01$1.35$1.22$1.31$1.86$1.20$1.21$2.03$2.68$2.11$1.86$2.46$2.33$2.04$1.51$1.37$1.05$1.71$1.33$2.01
Surprise %-------------1.04%1.18%0.90%0.01%1.22%0.77%0.86%1.53%1.06%-0.46%0.99%0.15%0.87%0.19%1.11%0.14%0.97%

According to 7 Wall Street analysts, Eastman Chemical Company's projected average Quarter EPS for Dec 23 is $1.30, with a low estimate of $1.22 and a high estimate of $1.35. This represents a -13.61% decrease compared to EMN previous annual EPS of $1.50 (Sep 23).

Eastman Chemical Company Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ASHAshland$77.03$115.5550.01%Buy
PPGPPG Industries$123.42$160.6530.17%Buy
ESIElement Solutions$28.03$35.8828.01%Buy
IFFInternational Flavors & Fragrances$86.61$109.4626.38%Buy
LYBLyondellBasell Industries$83.20$101.6522.18%Hold
KWRQuaker Chemical$167.14$192.5015.17%Buy
FULH.B. Fuller Company$74.50$85.6014.90%Buy
DDDuPont de Nemours$81.89$93.2913.92%Buy
MTXMinerals$80.26$90.0012.14%Buy
SXTSensient$77.08$85.0010.28%-
EMNEastman Chemical Company$104.01$109.615.38%Buy
ECLEcolab$245.97$253.252.96%Buy
APDAir Products and Chemicals$327.89$319.56-2.54%Buy
LINLinde$448.57$426.24-4.98%Buy
SHWSherwin-Williams Company$375.35$354.89-5.45%Buy
RPMRPM$136.80$123.91-9.42%Hold

EMN Forecast FAQ

Is Eastman Chemical Company a good buy?

Yes, according to 13 Wall Street analysts, Eastman Chemical Company (EMN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 61.54% of EMN's total ratings.

What is EMN's price target?

Eastman Chemical Company (EMN) average price target is $109.61 with a range of $84 to $150, implying a 5.38% from its last price of $104.01. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Eastman Chemical Company stock go up soon?

According to Wall Street analysts' prediction for EMN stock, the company can go up by 5.38% (from the last price of $104.01 to the average price target of $109.61), up by 44.22% based on the highest stock price target, and down by -19.24% based on the lowest stock price target.

Can Eastman Chemical Company stock reach $200?

EMN's average twelve months analyst stock price target of $109.61 does not support the claim that Eastman Chemical Company can reach $200 in the near future.

What is Eastman Chemical Company's current price target trend?

1 Wall Street analyst forecast a $121 price target for Eastman Chemical Company (EMN) this month, up 16.33% from its last price of $104.01. Compared to the last 3 and 12 months, the average price target increased by 18.58% and increased by 10.88%, respectively.

What are Eastman Chemical Company's analysts' financial forecasts?

Eastman Chemical Company's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.79B (high $10B, low $9.55B), average EBITDA is $1.86B (high $1.9B, low $1.81B), average net income is $1.02B (high $1.09B, low $957.21M), average SG&A $734.54M (high $750.53M, low $716.41M), and average EPS is $8.63 (high $9.28, low $8.13). EMN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $10B (high $10.23B, low $9.7B), average EBITDA is $1.9B (high $1.94B, low $1.84B), average net income is $1.18B (high $1.21B, low $1.13B), average SG&A $750.12M (high $767.69M, low $727.62M), and average EPS is $10 (high $10.31, low $9.61).

Did the EMN's actual financial results beat the analysts' financial forecasts?

Based on Eastman Chemical Company's last annual report (Dec 2023), the company's revenue was $16.36B, beating the average analysts forecast of $9.57B by 71.03%. Apple's EBITDA was $1.1B, missing the average prediction of $1.87B by -41.39%. The company's net income was $894M, beating the average estimation of $816.35M by 9.51%. Apple's SG&A was $727M, missing the average forecast of $756.85M by -3.94%. Lastly, the company's EPS was $7.54, beating the average prediction of $5.92 by 27.29%. In terms of the last quarterly report (Sep 2023), Eastman Chemical Company's revenue was $4.05B, beating the average analysts' forecast of $2.34B by 73.38%. The company's EBITDA was $264M, missing the average prediction of $443.71M by -40.50%. Eastman Chemical Company's net income was $178M, beating the average estimation of $170.06M by 4.67%. The company's SG&A was $160M, missing the average forecast of $175.26M by -8.71%. Lastly, the company's EPS was $1.5, beating the average prediction of $1.44 by 3.90%