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Eaton (ETN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ETN Stock Forecast

Eaton stock forecast is as follows: an average price target of $370.00 (represents a 9.43% upside from ETN’s last price of $338.12) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

ETN Price Target

The average price target for Eaton (ETN) is $370.00 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $385.00 to $348.00. This represents a potential 9.43% upside from ETN's last price of $338.12.

ETN Analyst Ratings

Buy

According to 16 Wall Street analysts, Eaton's rating consensus is 'Buy'. The analyst rating breakdown for ETN stock is 1 'Strong Buy' (6.25%), 11 'Buy' (68.75%), 4 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Eaton Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 05, 2024Chad DillardBernstein$382.00$336.7513.44%12.98%
Sep 16, 2024Andrew KaplowitzCitigroup$348.00$305.8013.80%2.92%
Sep 09, 2024Tim TheinRaymond James$365.00$284.9728.08%7.95%
Sep 06, 2024Chris SnyderMorgan Stanley$370.00$285.7229.50%9.43%
Jul 11, 2024Stephen VolkmannJefferies$385.00$329.5516.83%13.86%
May 01, 2024Brett LinzeyMizuho Securities$355.00$313.4513.25%4.99%
Apr 04, 2024Deane DrayRBC Capital$371.00$320.1615.88%9.72%
Apr 02, 2024Julian MitchellBarclays$300.00$312.03-3.86%-11.27%
Mar 14, 2024Deane DrayRBC Capital$286.00$300.29-4.76%-15.41%
Jan 06, 2023Morgan Stanley$175.00$161.778.18%-48.24%
Jan 05, 2023Wells Fargo$163.00$156.614.08%-51.79%
Jan 05, 2023Barclays$130.00$158.82-18.15%-61.55%
Aug 15, 2022John WalshCredit Suisse$167.00$152.339.63%-50.61%
Aug 03, 2022UBS$173.00$147.6517.17%-48.83%
Aug 03, 2022Mizuho Securities$160.00$146.928.90%-52.68%
Aug 03, 2022Barclays$124.00$147.47-15.92%-63.33%
Jul 18, 2022Mizuho Securities$145.00$128.5212.82%-57.12%
Jul 13, 2022Deutsche Bank$156.00$125.7724.04%-53.86%
Jul 13, 2022Wells Fargo$139.00$126.889.55%-58.89%
Jul 11, 2022Joseph O’DeaWells Fargo$142.00$127.8711.05%-58.00%
Jul 08, 2022Barclays$112.00$129.59-13.57%-66.88%
Jun 23, 2022Goldman Sachs$146.00$126.2215.67%-56.82%
Jun 07, 2022Joshua PokrzywinskiMorgan Stanley$170.00$141.3620.26%-49.72%
May 17, 2022Joshua PokrzywinskiMorgan Stanley$180.00$143.3825.54%-46.76%
May 04, 2022Morgan Stanley$174.00$145.2619.79%-48.54%
May 04, 2022Wells Fargo$159.00$147.038.14%-52.98%
May 04, 2022Barclays$145.00$146.58-1.08%-57.12%
May 02, 2022Christopher GlynnOppenheimer$170.00$146.4116.11%-49.72%
Apr 19, 2022Nicole DeBlaseDeutsche Bank$175.00$140.6624.41%-48.24%
Apr 05, 2022Julian MitchellBarclays$155.00$146.615.72%-54.16%
Feb 21, 2022David RasoEvercore ISI$181.00$153.3618.02%-46.47%
Feb 07, 2022Nigel CoeWolfe Research$194.00$149.3129.93%-42.62%
Nov 05, 2021Phil BullerBerenberg Bank$200.00$169.6317.90%-40.85%
Nov 03, 2021Christopher GlynnOppenheimer$185.00$167.8410.22%-45.29%
Oct 12, 2021Timothy TheinCitigroup$180.00$150.1419.89%-46.76%
Sep 14, 2021Puneet GargHSBC$153.00$154.77-1.14%-54.75%
Sep 10, 2021Joe RitchieGoldman Sachs$186.00$158.8217.11%-44.99%
Aug 11, 2021Markus MittermaierUBS$186.00$164.5313.05%-44.99%
Aug 10, 2021John EadeArgus Research$185.00$164.9612.15%-45.29%
Aug 04, 2021Andrew ObinBank of America Securities$195.00$159.5222.24%-42.33%
Jul 13, 2021Ann DuignanJ.P. Morgan$145.00$151.84-4.50%-57.12%

The latest Eaton stock forecast, released on Nov 05, 2024 by Chad Dillard from Bernstein, set a price target of $382.00, which represents a 13.44% increase from the stock price at the time of the forecast ($336.75), and a 12.98% increase from ETN last price ($338.12).

Eaton Price Target by Period

1M3M12M
# Anlaysts-19
Avg Price Target-$382.00$351.33
Last Closing Price$338.12$338.12$338.12
Upside/Downside-100.00%12.98%3.91%

In the current month, the average price target of Eaton stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Eaton's last price of $338.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 05, 2024BernsteinOutperformInitialise
Nov 04, 2024OppenheimerPerformPerformHold
Oct 02, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 16, 2024CitigroupBuyInitialise
Sep 09, 2024Raymond JamesOutperformOutperformHold
Sep 06, 2024Wolfe ResearchUnderperformPeer PerformUpgrade
Sep 06, 2024Wolfe ResearchUnderperformNeutralUpgrade
Aug 02, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 11, 2024JefferiesBuyBuyHold
Jul 10, 2024BarclaysEqual-WeightEqual-WeightHold
Jun 27, 2024Raymond JamesOutperformInitialise
May 03, 2024HSBCHoldHoldHold
May 01, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 08, 2024Wolfe ResearchUnderperformDowngrade
Apr 04, 2024RBC CapitalSector PerformOutperformUpgrade
Oct 31, 2023CFRABuyStrong BuyUpgrade
Aug 31, 2023HSBCHoldHoldHold
Jul 10, 2023BarclaysUnderweightUnderweightHold
May 03, 2023RBC CapitalSector PerformSector PerformHold
Mar 15, 2023CFRABuyUpgrade
Jan 06, 2023Morgan StanleyOverweightOverweightHold
Jan 05, 2023Wells FargoEqual-WeightEqual-WeightHold
Jan 05, 2023BarclaysUnderweightUnderweightHold
Dec 06, 2022OppenheimerBuyPerformDowngrade
Aug 03, 2022UBSBuyBuyHold
Aug 03, 2022BarclaysUnderweightUnderweightHold
Aug 03, 2022Credit SuisseOutperformOutperformHold
Aug 03, 2022Wells FargoEqual-WeightEqual-WeightHold
Jul 13, 2022Deutsche BankBuyBuyHold
Jul 08, 2022BarclaysUnderweightUnderweightHold
Jun 29, 2022Wells FargoEqual-WeightEqual-WeightHold
Jun 23, 2022Goldman SachsBuyBuyHold
Jun 07, 2022Morgan StanleyOverweightOverweightHold
May 17, 2022Morgan StanleyOverweightOverweightHold
May 02, 2022OppenheimerBuyBuyHold
Apr 26, 2022William BlairMarket PerformMarket PerformHold
Apr 26, 2022Zacks Investment ResearchBuyUpgrade
Apr 19, 2022Deutsche BankBuyBuyHold
Apr 05, 2022BarclaysEqual-WeightEqual-WeightHold

Eaton's last stock rating was published by Bernstein on Nov 05, 2024. The company Initialise its ETN rating from "null" to "Outperform".

Eaton Financial Forecast

Eaton 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------------$5.97B$5.88B$5.87B$5.48B$5.38B$5.31B$5.21B$4.84B$4.80B$4.92B$5.21B$4.69B$4.69B$4.53B$3.86B$4.79B$5.24B$5.31B
Avg Forecast$7.68B$7.57B$7.52B$6.98B$6.90B$6.84B$6.82B$6.38B$6.37B$6.37B$6.35B$5.91B$5.91B$5.89B$5.76B$5.24B$5.34B$5.31B$5.20B$4.78B$4.90B$5.00B$5.02B$4.55B$4.62B$4.22B$3.68B$4.84B$5.34B$5.51B
High Forecast$7.76B$7.65B$7.60B$7.06B$6.97B$6.91B$6.89B$6.41B$6.44B$6.37B$6.35B$5.91B$5.93B$5.94B$5.82B$5.29B$5.40B$5.31B$5.20B$4.78B$4.90B$5.00B$5.02B$4.55B$4.62B$4.22B$3.68B$4.84B$5.34B$5.51B
Low Forecast$7.58B$7.46B$7.42B$6.89B$6.81B$6.75B$6.72B$6.31B$6.32B$6.37B$6.35B$5.91B$5.89B$5.81B$5.68B$5.16B$5.27B$5.31B$5.20B$4.78B$4.90B$5.00B$5.02B$4.55B$4.62B$4.22B$3.68B$4.84B$5.34B$5.51B
# Analysts644643791373471599131313137777999955
Surprise %------------1.01%1.00%1.02%1.05%1.01%1.00%1.00%1.01%0.98%0.98%1.04%1.03%1.02%1.07%1.05%0.99%0.98%0.97%

Eaton's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.91B, with a low forecast of $5.91B, and a high forecast of $5.91B. ETN's average Quarter revenue forecast represents a -1.02% decrease compared to the company's last Quarter revenue of $5.97B (Dec 23).

Eaton 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
# Analysts644643791373471599131313137777999955
EBITDA------------$1.09B$1.08B$897.00M$812.00M$895.00M$994.00M$751.00M$627.00M$895.00M$1.40B$886.00M$783.00M$796.00M$771.00M$280.00M$854.00M$800.00M$997.00M
Avg Forecast$1.09B$1.07B$1.07B$990.70M$978.93M$970.76M$966.98M$904.43M$903.17M$903.98M$900.34M$1.07B$838.25M$835.52M$816.49M$971.11M$978.74M$751.60M$736.36M$882.83M$693.60M$707.40M$710.75M$649.32M$653.44M$596.57M$520.86M$838.04M$756.01M$779.15M
High Forecast$1.10B$1.08B$1.08B$1.00B$989.02M$980.77M$976.94M$908.69M$913.09M$904.32M$900.34M$1.28B$841.09M$843.26M$824.91M$1.17B$1.17B$751.60M$736.36M$1.06B$693.60M$707.40M$710.75M$779.18M$653.44M$596.57M$520.86M$1.01B$756.01M$779.15M
Low Forecast$1.07B$1.06B$1.05B$977.00M$965.40M$957.34M$953.61M$894.49M$896.08M$903.65M$900.34M$854.57M$835.40M$824.68M$805.20M$776.89M$782.99M$751.60M$736.36M$706.26M$693.60M$707.40M$710.75M$519.45M$653.44M$596.57M$520.86M$670.43M$756.01M$779.15M
Surprise %------------1.30%1.29%1.10%0.84%0.91%1.32%1.02%0.71%1.29%1.97%1.25%1.21%1.22%1.29%0.54%1.02%1.06%1.28%

4 analysts predict ETN's average Quarter EBITDA for Mar 24 to be $1.07B, with a high of $1.28B and a low of $854.57M. This is -1.73% lower than Eaton's previous annual EBITDA (Dec 23) of $1.09B.

Eaton 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
# Analysts644643791373471599131313137777999955
Net Income------------$946.00M$891.00M$744.00M$638.00M$721.00M$607.00M$601.00M$532.00M$551.00M$629.00M$506.00M$458.00M$475.00M$446.00M$51.00M$438.00M$452.00M$601.00M
Avg Forecast$1.43B$1.42B$1.38B$1.22B$1.26B$1.25B$1.22B$1.09B$1.13B$1.12B$1.04B$635.67M$985.45M$932.30M$842.29M$577.88M$602.56M$804.29M$729.23M$525.35M$686.75M$692.64M$629.23M$379.80M$483.16M$419.79M$212.87M$429.81M$563.36M$605.76M
High Forecast$1.45B$1.44B$1.39B$1.24B$1.28B$1.27B$1.23B$1.11B$1.14B$1.12B$1.04B$762.81M$993.42M$944.25M$853.58M$693.46M$723.07M$804.29M$729.23M$630.42M$722.63M$692.64M$629.23M$455.77M$483.16M$419.79M$212.87M$515.78M$563.36M$605.76M
Low Forecast$1.40B$1.40B$1.35B$1.20B$1.24B$1.23B$1.19B$1.07B$1.11B$1.11B$1.04B$508.54M$973.48M$920.35M$827.16M$462.31M$482.04M$804.29M$729.23M$420.28M$650.88M$692.64M$629.23M$303.84M$483.16M$419.79M$212.87M$343.85M$563.36M$605.76M
Surprise %------------0.96%0.96%0.88%1.10%1.20%0.75%0.82%1.01%0.80%0.91%0.80%1.21%0.98%1.06%0.24%1.02%0.80%0.99%

Eaton's average Quarter net income forecast for Mar 24 is $635.67M, with a range of $508.54M to $762.81M. ETN's average Quarter net income forecast represents a -32.80% decrease compared to the company's last Quarter net income of $946.00M (Dec 23).

Eaton 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
# Analysts644643791373471599131313137777999955
SG&A------------$956.00M$949.00M$986.00M$904.00M$796.00M$813.00M$828.00M$790.00M$751.00M$834.00M$876.00M$795.00M$765.00M$754.00M$691.00M$865.00M$874.00M$885.00M
Avg Forecast$1.27B$1.25B$1.24B$1.15B$1.14B$1.13B$1.12B$1.05B$1.05B$1.05B$1.05B$943.95M$974.64M$971.47M$949.35M$858.14M$821.27M$870.95M$853.29M$780.13M$803.73M$819.73M$823.61M$659.27M$757.20M$691.30M$603.56M$848.83M$876.06M$902.87M
High Forecast$1.28B$1.26B$1.25B$1.16B$1.15B$1.14B$1.14B$1.06B$1.06B$1.05B$1.05B$1.13B$977.95M$980.47M$959.13M$1.03B$985.52M$870.95M$853.29M$936.15M$803.73M$819.73M$823.61M$791.12M$757.20M$691.30M$603.56M$1.02B$876.06M$902.87M
Low Forecast$1.25B$1.23B$1.22B$1.14B$1.12B$1.11B$1.11B$1.04B$1.04B$1.05B$1.05B$755.16M$971.33M$958.87M$936.23M$686.51M$657.02M$870.95M$853.29M$624.10M$803.73M$819.73M$823.61M$527.41M$757.20M$691.30M$603.56M$679.07M$876.06M$902.87M
Surprise %------------0.98%0.98%1.04%1.05%0.97%0.93%0.97%1.01%0.93%1.02%1.06%1.21%1.01%1.09%1.14%1.02%1.00%0.98%

Eaton's average Quarter SG&A projection for Mar 24 is $943.95M, based on 4 Wall Street analysts, with a range of $755.16M to $1.13B. The forecast indicates a -1.26% fall compared to ETN last annual SG&A of $956.00M (Dec 23).

Eaton 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
# Analysts644643791373471599131313137777999955
EPS------------$2.35$2.23$1.87$1.60$1.81$1.52$1.51$1.33$1.38$1.58$1.27$1.15$1.19$1.11$0.13$1.07$1.09$1.44
Avg Forecast$3.58$3.57$3.45$3.06$3.16$3.14$3.05$2.73$2.82$2.80$2.61$2.29$2.47$2.34$2.11$1.79$2.05$2.01$1.82$1.60$1.71$1.73$1.57$1.24$1.20$1.05$0.53$1.07$1.40$1.51
High Forecast$3.63$3.61$3.50$3.11$3.20$3.19$3.09$2.78$2.85$2.81$2.61$2.29$2.49$2.37$2.14$1.81$2.09$2.01$1.82$1.60$1.80$1.73$1.57$1.24$1.20$1.05$0.53$1.07$1.40$1.51
Low Forecast$3.52$3.50$3.39$3.01$3.10$3.09$3.00$2.69$2.79$2.79$2.61$2.29$2.44$2.31$2.07$1.75$2.00$2.01$1.82$1.60$1.62$1.73$1.57$1.24$1.20$1.05$0.53$1.07$1.40$1.51
Surprise %------------0.95%0.95%0.89%0.90%0.88%0.76%0.83%0.83%0.81%0.91%0.81%0.93%0.99%1.06%0.24%1.00%0.78%0.95%

According to 4 Wall Street analysts, Eaton's projected average Quarter EPS for Mar 24 is $2.29, with a low estimate of $2.29 and a high estimate of $2.29. This represents a -2.63% decrease compared to ETN previous annual EPS of $2.35 (Dec 23).

Eaton Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DOVDover$196.54$212.638.19%Buy
EMREmerson Electric$128.08$136.756.77%Buy
ETNEaton$347.08$370.006.60%Buy
PHParker-Hannifin$665.99$690.333.65%Buy
IRIngersoll Rand$97.55$101.003.54%Buy
PNRPentair$105.49$107.802.19%Buy
CMICummins$361.23$363.330.58%Buy
ITWIllinois Tool Works$267.88$255.67-4.56%Hold

ETN Forecast FAQ

Is Eaton a good buy?

Yes, according to 16 Wall Street analysts, Eaton (ETN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 75.00% of ETN's total ratings.

What is ETN's price target?

Eaton (ETN) average price target is $370 with a range of $348 to $385, implying a 9.43% from its last price of $338.12. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Eaton stock go up soon?

According to Wall Street analysts' prediction for ETN stock, the company can go up by 9.43% (from the last price of $338.12 to the average price target of $370), up by 13.86% based on the highest stock price target, and up by 2.92% based on the lowest stock price target.

Can Eaton stock reach $500?

ETN's average twelve months analyst stock price target of $370 does not support the claim that Eaton can reach $500 in the near future.

What are Eaton's analysts' financial forecasts?

Eaton's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $26.94B (high $27.18B, low $26.58B), average EBITDA is $3.82B (high $3.86B, low $3.77B), average net income is $4.82B (high $4.89B, low $4.74B), average SG&A $4.44B (high $4.48B, low $4.38B), and average EPS is $12.09 (high $12.26, low $11.88). ETN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.76B (high $30.06B, low $29.35B), average EBITDA is $4.22B (high $4.26B, low $4.16B), average net income is $5.45B (high $5.52B, low $5.35B), average SG&A $4.91B (high $4.96B, low $4.84B), and average EPS is $13.66 (high $13.85, low $13.42).

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

Based on Eaton's last annual report (Dec 2023), the company's revenue was $23.2B, beating the average analysts forecast of $22.79B by 1.78%. Apple's EBITDA was $3.82B, beating the average prediction of $3.46B by 10.42%. The company's net income was $3.22B, missing the average estimation of $3.34B by -3.59%. Apple's SG&A was $3.8B, beating the average forecast of $3.75B by 1.10%. Lastly, the company's EPS was $8.02, missing the average prediction of $8.7 by -7.86%. In terms of the last quarterly report (Dec 2023), Eaton's revenue was $5.97B, beating the average analysts' forecast of $5.91B by 0.98%. The company's EBITDA was $1.09B, beating the average prediction of $838.25M by 29.68%. Eaton's net income was $946M, missing the average estimation of $985.45M by -4.00%. The company's SG&A was $956M, missing the average forecast of $974.64M by -1.91%. Lastly, the company's EPS was $2.35, missing the average prediction of $2.47 by -4.87%