Shell (SHEL) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

SHEL Stock Forecast

Shell stock forecast is as follows: an average price target of $84.00 (represents a 27.68% upside from SHEL’s last price of $65.79) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

SHEL Price Target

The average price target for Shell (SHEL) is $84.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $88.00 to $79.00. This represents a potential 27.68% upside from SHEL's last price of $65.79.

SHEL Analyst Ratings

Buy

According to 10 Wall Street analysts, Shell's rating consensus is 'Buy'. The analyst rating breakdown for SHEL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (60.00%), 4 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Shell Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 08, 2024	Roger Read	Wells Fargo	$88.00	$70.23	25.30%	33.76%
Jun 21, 2024	Roger Read	Wells Fargo	$90.00	$70.03	28.52%	36.80%
Jun 06, 2024	Bill Selesky	Argus Research	$79.00	$69.81	13.16%	20.08%
Apr 18, 2024	Ryan Todd	Piper Sandler	$85.00	$71.14	19.48%	29.20%
Mar 14, 2024	Ryan Todd	Piper Sandler	$76.00	$65.78	15.54%	15.52%

Row per page

Go to

The latest Shell stock forecast, released on Oct 08, 2024 by Roger Read from Wells Fargo, set a price target of $88.00, which represents a 25.30% increase from the stock price at the time of the forecast ($70.23), and a 33.76% increase from SHEL last price ($65.79).

Shell Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	5
Avg Price Target	-	$88.00	$83.60
Last Closing Price	$65.79	$65.79	$65.79
Upside/Downside	-100.00%	33.76%	27.07%

In the current month, the average price target of Shell stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Shell's last price of $65.79. 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

Date	Company	Previous Rating	New Rating	Rating Change
Oct 08, 2024	Wells Fargo	Overweight	Overweight	Hold
Oct 02, 2024	Citigroup	Neutral	Neutral	Hold
Sep 26, 2024	Oddo BHF	-	Neutral	Downgrade
Sep 23, 2024	Bernstein	Outperform	Outperform	Hold
Sep 05, 2024	Piper Sandler	Overweight	Overweight	Hold
Aug 02, 2024	Barclays	Overweight	Overweight	Hold
Jul 19, 2024	Piper Sandler	Overweight	Overweight	Hold
Jul 15, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jun 21, 2024	Wells Fargo	Overweight	Overweight	Hold
Jun 19, 2024	Zacks Investment Research	Perform	Perform	Hold

Row per page

Go to

Shell's last stock rating was published by Wells Fargo on Oct 08, 2024. The company gave SHEL a "Overweight" rating, the same as its previous rate.

Shell Financial Forecast

Shell Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$86.96B	$101.30B	$95.75B	$100.06B	$84.20B	$85.28B	$60.04B	$60.52B	$55.66B	$43.99B	$44.02B	$32.50B	$60.03B	$84.01B	$86.59B
Avg Forecast	$69.38B	$69.25B	$68.63B	$67.94B	$69.56B	$72.04B	$73.33B	$72.64B	$67.98B	$69.50B	$69.33B	$78.69B	$76.86B	$83.74B	$66.81B	$77.96B	$94.35B	$71.85B	$93.11B	$81.46B	$66.89B	$60.44B	$78.69B	$64.89B	$52.92B	$47.31B	$52.33B	$59.46B	$81.73B	$84.90B
High Forecast	$69.80B	$69.66B	$69.04B	$68.35B	$69.98B	$72.47B	$73.77B	$73.07B	$68.39B	$70.20B	$69.33B	$78.69B	$77.31B	$93.45B	$67.20B	$78.43B	$94.91B	$71.85B	$93.11B	$81.46B	$66.89B	$60.44B	$78.69B	$64.89B	$52.92B	$47.31B	$52.33B	$59.46B	$81.73B	$84.90B
Low Forecast	$68.97B	$68.84B	$68.22B	$67.54B	$69.15B	$71.62B	$72.90B	$72.21B	$67.58B	$68.79B	$69.33B	$78.69B	$76.40B	$74.04B	$66.41B	$77.50B	$93.79B	$71.85B	$93.11B	$81.46B	$66.89B	$60.44B	$78.69B	$64.89B	$52.92B	$47.31B	$52.33B	$59.46B	$81.73B	$84.90B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.12%	1.07%	1.33%	1.07%	1.03%	1.27%	0.99%	0.77%	0.86%	0.83%	0.93%	0.62%	1.01%	1.03%	1.02%

Shell's average Quarter revenue forecast for Jun 23 based on 1 analysts is $66.81B, with a low forecast of $66.41B, and a high forecast of $67.20B. SHEL's average Quarter revenue forecast represents a -23.17% decrease compared to the company's last Quarter revenue of $86.96B (Mar 23).

Shell EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$21.17B	$23.19B	$17.74B	$32.13B	$18.65B	$23.53B	$8.28B	$13.12B	$14.90B	$6.27B	$9.07B	$5.22B	$8.83B	$13.02B	$16.20B
Avg Forecast	$10.56B	$10.54B	$10.44B	$10.34B	$10.58B	$10.96B	$11.16B	$11.05B	$10.34B	$10.57B	$10.55B	$11.97B	$11.69B	$12.74B	$10.17B	$11.86B	$14.36B	$13.42B	$17.40B	$15.22B	$19.36B	$11.29B	$14.70B	$12.12B	$9.89B	$8.84B	$9.78B	$11.11B	$15.27B	$15.86B
High Forecast	$10.62B	$10.60B	$10.50B	$10.40B	$10.65B	$11.03B	$11.22B	$11.12B	$10.41B	$10.68B	$10.55B	$11.97B	$11.76B	$14.22B	$10.23B	$11.93B	$14.44B	$13.42B	$17.40B	$15.22B	$23.23B	$11.29B	$14.70B	$12.12B	$9.89B	$8.84B	$9.78B	$11.11B	$15.27B	$15.86B
Low Forecast	$10.49B	$10.47B	$10.38B	$10.28B	$10.52B	$10.90B	$11.09B	$10.99B	$10.28B	$10.47B	$10.55B	$11.97B	$11.62B	$11.27B	$10.10B	$11.79B	$14.27B	$13.42B	$17.40B	$15.22B	$15.49B	$11.29B	$14.70B	$12.12B	$9.89B	$8.84B	$9.78B	$11.11B	$15.27B	$15.86B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.78%	1.62%	1.32%	1.85%	1.23%	1.22%	0.73%	0.89%	1.23%	0.63%	1.03%	0.53%	0.80%	0.85%	1.02%

1 analysts predict SHEL's average Quarter EBITDA for Jun 23 to be $10.17B, with a high of $10.23B and a low of $10.10B. This is -51.99% lower than Shell's previous annual EBITDA (Mar 23) of $21.17B.

Shell Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$8.71B	$10.41B	$6.74B	$18.04B	$7.12B	$11.61B	$-317.00M	$3.43B	$5.66B	$-3.96B	$489.00M	$-18.10B	$-23.00M	$965.00M	$5.88B
Avg Forecast	$6.15B	$6.37B	$5.94B	$6.02B	$5.66B	$5.78B	$5.79B	$5.74B	$5.44B	$5.36B	$5.95B	$6.11B	$5.77B	$5.89B	$5.38B	$6.64B	$7.25B	$7.55B	$9.24B	$7.10B	$9.43B	$4.48B	$4.10B	$2.49B	$437.20M	$143.70M	$-782.18M	$1.70B	$2.58B	$3.15B
High Forecast	$6.20B	$6.41B	$5.99B	$6.06B	$5.71B	$5.83B	$5.84B	$5.99B	$6.15B	$5.58B	$5.95B	$6.11B	$6.36B	$6.93B	$5.42B	$6.69B	$7.31B	$7.55B	$9.24B	$7.10B	$11.31B	$4.48B	$4.10B	$2.49B	$437.20M	$143.70M	$-782.18M	$1.70B	$2.58B	$3.15B
Low Forecast	$6.10B	$6.32B	$5.90B	$5.97B	$5.62B	$5.74B	$5.75B	$5.34B	$4.62B	$5.15B	$5.95B	$6.11B	$5.17B	$4.94B	$5.34B	$6.58B	$7.20B	$7.55B	$9.24B	$7.10B	$7.54B	$4.48B	$4.10B	$2.49B	$437.20M	$143.70M	$-782.18M	$1.70B	$2.58B	$3.15B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.31%	1.44%	0.89%	1.95%	1.00%	1.23%	-0.07%	0.84%	2.27%	-9.05%	3.40%	23.14%	-0.01%	0.37%	1.87%

Shell's average Quarter net income forecast for Jun 23 is $5.38B, with a range of $5.34B to $5.42B. SHEL's average Quarter net income forecast represents a -38.23% decrease compared to the company's last Quarter net income of $8.71B (Mar 23).

Shell SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.05B	$3.49B	$3.23B	$2.92B	$3.24B	$2.87B	$2.89B	$3.11B	$2.46B	$2.75B	$2.37B	$2.37B	$2.39B	$2.83B	$2.43B
Avg Forecast	$2.87B	$2.86B	$2.84B	$2.81B	$2.88B	$2.98B	$3.03B	$3.00B	$2.81B	$2.87B	$2.87B	$3.25B	$3.18B	$3.46B	$2.76B	$3.22B	$3.90B	$2.97B	$3.85B	$3.37B	$2.36B	$2.50B	$3.25B	$2.68B	$2.19B	$1.96B	$2.16B	$2.46B	$3.38B	$3.51B
High Forecast	$2.89B	$2.88B	$2.86B	$2.83B	$2.89B	$3.00B	$3.05B	$3.02B	$2.83B	$2.90B	$2.87B	$3.25B	$3.20B	$3.86B	$2.78B	$3.24B	$3.92B	$2.97B	$3.85B	$3.37B	$2.83B	$2.50B	$3.25B	$2.68B	$2.19B	$1.96B	$2.16B	$2.46B	$3.38B	$3.51B
Low Forecast	$2.85B	$2.85B	$2.82B	$2.79B	$2.86B	$2.96B	$3.01B	$2.99B	$2.79B	$2.84B	$2.87B	$3.25B	$3.16B	$3.06B	$2.75B	$3.20B	$3.88B	$2.97B	$3.85B	$3.37B	$1.89B	$2.50B	$3.25B	$2.68B	$2.19B	$1.96B	$2.16B	$2.46B	$3.38B	$3.51B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	0.89%	1.09%	0.76%	0.96%	1.22%	1.16%	0.95%	0.92%	1.26%	1.21%	1.10%	0.97%	0.84%	0.69%

Shell's average Quarter SG&A projection for Jun 23 is $2.76B, based on 1 Wall Street analysts, with a range of $2.75B to $2.78B. The forecast indicates a -9.45% fall compared to SHEL last annual SG&A of $3.05B (Mar 23).

Shell EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.52	$2.94	$1.86	$4.84	$1.88	$3.01	$-0.08	$0.88	$1.46	$-1.02	$0.12	$-4.65	$-0.01	$0.24	$1.46
Avg Forecast	$1.95	$2.01	$1.88	$1.90	$1.79	$1.83	$1.83	$1.82	$1.72	$1.70	$1.88	$1.93	$1.82	$1.86	$1.70	$2.10	$2.29	$2.35	$2.88	$2.21	$1.33	$1.39	$1.28	$0.78	$0.14	$0.04	$-0.24	$0.53	$0.81	$0.98
High Forecast	$1.96	$2.03	$1.89	$1.92	$1.81	$1.84	$1.85	$1.89	$1.94	$1.76	$1.88	$1.93	$2.01	$2.19	$1.72	$2.12	$2.31	$2.35	$2.88	$2.21	$1.33	$1.39	$1.28	$0.78	$0.14	$0.04	$-0.24	$0.53	$0.81	$0.98
Low Forecast	$1.93	$2.00	$1.87	$1.89	$1.78	$1.82	$1.82	$1.69	$1.46	$1.63	$1.88	$1.93	$1.64	$1.56	$1.69	$2.08	$2.28	$2.35	$2.88	$2.21	$1.33	$1.39	$1.28	$0.78	$0.14	$0.04	$-0.24	$0.53	$0.81	$0.98
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.20%	1.28%	0.79%	1.68%	0.85%	2.26%	-0.06%	0.69%	1.88%	-7.49%	2.68%	19.08%	-0.01%	0.30%	1.49%

According to 1 Wall Street analysts, Shell's projected average Quarter EPS for Jun 23 is $1.70, with a low estimate of $1.69 and a high estimate of $1.72. This represents a -32.45% decrease compared to SHEL previous annual EPS of $2.52 (Mar 23).

Shell Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
EQNR	Equinor ASA	$23.69	$82.50	248.25%	Hold
BP	BP p.l.c.	$29.05	$43.18	48.64%	Buy
EC	Ecopetrol	$7.73	$11.35	46.83%	Buy
E	Eni S.p.A.	$29.49	$39.60	34.28%	Buy
TTE	TotalEnergies SE	$60.47	$78.50	29.82%	Hold
SHEL	Shell	$65.79	$84.00	27.68%	Buy
PBR	Petróleo Brasileiro S.A. - Petrobras	$13.99	$16.30	16.51%	Buy
CVX	Chevron	$161.80	$173.19	7.04%	Buy
SU	Suncor Energy	$40.44	$41.28	2.08%	Buy
XOM	Exxon Mobil	$120.56	$119.94	-0.51%	Buy

SHEL Forecast FAQ

Is Shell a good buy?

Yes, according to 10 Wall Street analysts, Shell (SHEL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 60.00% of SHEL's total ratings.

What is SHEL's price target?

Shell (SHEL) average price target is $84 with a range of $79 to $88, implying a 27.68% from its last price of $65.79. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Shell stock go up soon?

According to Wall Street analysts' prediction for SHEL stock, the company can go up by 27.68% (from the last price of $65.79 to the average price target of $84), up by 33.76% based on the highest stock price target, and up by 20.08% based on the lowest stock price target.

Can Shell stock reach $100?

SHEL's average twelve months analyst stock price target of $84 does not support the claim that Shell can reach $100 in the near future.

What are Shell's analysts' financial forecasts?

Shell's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $287.58B (high $289.29B, low $285.87B), average EBITDA is $43.76B (high $44.02B, low $43.5B), average net income is $22.98B (high $23.36B, low $22.45B), average SG&A $11.89B (high $11.96B, low $11.82B), and average EPS is $7.27 (high $7.39, low $7.1). SHEL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $275.21B (high $276.85B, low $273.57B), average EBITDA is $41.87B (high $42.12B, low $41.63B), average net income is $24.47B (high $24.66B, low $24.28B), average SG&A $11.38B (high $11.45B, low $11.31B), and average EPS is $7.74 (high $7.8, low $7.68).

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

Based on Shell's last annual report (Dec 2022), the company's revenue was $381.31B, beating the average analysts forecast of $340.76B by 11.90%. Apple's EBITDA was $89.75B, beating the average prediction of $60.39B by 48.60%. The company's net income was $42.31B, beating the average estimation of $31.14B by 35.86%. Apple's SG&A was $12.88B, missing the average forecast of $14.09B by -8.58%. Lastly, the company's EPS was $11.52, beating the average prediction of $9.74 by 18.28%. In terms of the last quarterly report (Mar 2023), Shell's revenue was $86.96B, beating the average analysts' forecast of $77.96B by 11.54%. The company's EBITDA was $21.17B, beating the average prediction of $11.86B by 78.47%. Shell's net income was $8.71B, beating the average estimation of $6.64B by 31.24%. The company's SG&A was $3.05B, missing the average forecast of $3.22B by -5.37%. Lastly, the company's EPS was $2.52, beating the average prediction of $2.1 by 20.02%