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Shell (SHEL) Stock Forecast, Price Target & Predictions

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SHEL Stock Forecast

Shell stock forecast is as follows: an average price target of $88.00 (represents a 42.21% upside from SHEL’s last price of $61.88) 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 $88.00 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 $88.00. This represents a potential 42.21% upside from SHEL's last price of $61.88.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 08, 2024Roger ReadWells Fargo$88.00$70.2325.30%42.21%
Jun 21, 2024Roger ReadWells Fargo$90.00$70.0328.52%45.44%
Jun 06, 2024Bill SeleskyArgus Research$79.00$69.8113.16%27.67%
Apr 18, 2024Ryan ToddPiper Sandler$85.00$71.1419.48%37.36%
Mar 14, 2024Ryan ToddPiper Sandler$76.00$65.7815.54%22.82%

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 42.21% increase from SHEL last price ($61.88).

Shell Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$88.00$83.60
Last Closing Price$61.88$61.88$61.88
Upside/Downside-100.00%42.21%35.10%

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 $61.88. 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
Oct 08, 2024Wells FargoOverweightOverweightHold
Oct 02, 2024CitigroupNeutralNeutralHold
Sep 26, 2024Oddo BHFNeutralDowngrade
Sep 23, 2024BernsteinOutperformOutperformHold
Sep 05, 2024Piper SandlerOverweightOverweightHold
Aug 02, 2024BarclaysOverweightOverweightHold
Jul 19, 2024Piper SandlerOverweightOverweightHold
Jul 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 21, 2024Wells FargoOverweightOverweightHold
Jun 19, 2024Zacks Investment ResearchPerformPerformHold
May 13, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 03, 2024UBSNeutralNeutralHold
May 03, 2024HSBCBuyBuyHold
Apr 18, 2024Piper SandlerOverweightOverweightHold
Apr 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Feb 02, 2024Piper SandlerOverweightOverweightHold
Jun 15, 2023Wells FargoOverweightOverweightHold
Feb 27, 2023Goldman SachsBuyUpgrade
Jan 12, 2023Wolfe ResearchPeer PerformDowngrade

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 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---------------$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$71.88B$72.09B$71.51B$72.49B$69.22B$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$77.31B$77.16B$76.47B$75.70B$80.08B$80.32B$79.67B$80.76B$77.12B$70.20B$69.33B$78.69B$85.63B$93.45B$74.44B$86.87B$105.12B$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$61.46B$61.35B$60.80B$60.18B$63.67B$63.86B$63.34B$64.21B$61.32B$68.79B$69.33B$78.69B$68.08B$74.04B$59.18B$69.06B$83.58B$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
# Analysts111111111111121111111111111111
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 $59.18B, and a high forecast of $74.44B. 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 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
# Analysts111111111111121111111111111111
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$13.21B$13.19B$13.07B$12.94B$13.69B$13.73B$13.62B$13.80B$13.18B$13.23B$13.20B$14.98B$14.63B$15.95B$12.72B$14.85B$17.97B$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$14.72B$14.69B$14.56B$14.41B$15.25B$15.29B$15.17B$15.38B$14.69B$13.37B$13.20B$14.98B$16.31B$17.79B$14.17B$16.54B$20.02B$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$11.70B$11.68B$11.58B$11.46B$12.12B$12.16B$12.06B$12.23B$11.68B$13.10B$13.20B$14.98B$12.96B$14.10B$11.27B$13.15B$15.91B$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 %---------------1.43%1.29%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 $12.72B, with a high of $14.17B and a low of $11.27B. This is -39.91% lower than Shell's previous annual EBITDA (Mar 23) of $21.17B.

Shell 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
# Analysts111111111111121111111111111111
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$6.27B$6.47B$6.05B$6.11B$5.71B$5.88B$5.90B$5.84B$5.50B$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$7.20B$7.44B$6.95B$7.02B$6.55B$6.76B$6.78B$6.22B$6.21B$5.58B$5.95B$6.11B$6.36B$6.93B$6.18B$7.62B$8.33B$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$5.34B$5.51B$5.15B$5.21B$4.86B$5.01B$5.03B$5.36B$4.86B$5.15B$5.95B$6.11B$5.17B$4.94B$4.58B$5.65B$6.18B$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 $4.58B to $6.18B. 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 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
# Analysts111111111111121111111111111111
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$2.84B$2.84B$2.81B$2.78B$2.94B$2.95B$2.93B$2.97B$2.83B$2.85B$2.84B$3.22B$3.15B$3.43B$2.73B$3.19B$3.86B$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$3.16B$3.16B$3.13B$3.10B$3.28B$3.29B$3.26B$3.31B$3.16B$2.87B$2.84B$3.22B$3.51B$3.83B$3.05B$3.56B$4.30B$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$2.52B$2.51B$2.49B$2.46B$2.61B$2.61B$2.59B$2.63B$2.51B$2.82B$2.84B$3.22B$2.79B$3.03B$2.42B$2.83B$3.42B$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 %---------------0.96%0.90%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 $2.73B, based on 1 Wall Street analysts, with a range of $2.42B to $3.05B. The forecast indicates a -10.36% fall compared to SHEL last annual SG&A of $3.05B (Mar 23).

Shell 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
# Analysts111111111111121111111111111111
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$1.98$2.05$1.91$1.93$1.81$1.86$1.87$1.85$1.74$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$2.28$2.35$2.20$2.22$2.07$2.14$2.15$1.97$1.96$1.76$1.88$1.93$2.01$2.19$1.95$2.41$2.64$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$1.69$1.74$1.63$1.65$1.54$1.59$1.59$1.70$1.54$1.63$1.88$1.93$1.64$1.56$1.45$1.79$1.95$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 $1.45 and a high estimate of $1.95. This represents a -32.45% decrease compared to SHEL previous annual EPS of $2.52 (Mar 23).

Shell Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EQNREquinor ASA$22.68$82.50263.76%Hold
SUSuncor Energy$35.84$65.0081.36%Buy
BPBP p.l.c.$29.08$47.5063.34%Buy
EEni S.p.A.$26.85$39.6047.49%Buy
SHELShell$61.88$88.0042.21%Buy
TTETotalEnergies SE$54.25$77.0041.94%Hold
XOMExxon Mobil$108.01$133.1123.24%Buy
PBRPetróleo Brasileiro S.A. - Petrobras$13.52$16.5022.04%Buy
CVXChevron$148.11$170.3315.00%Buy
ECEcopetrol$7.89$8.507.73%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 $88 with a range of $88 to $88, implying a 42.21% from its last price of $61.88. 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 42.21% (from the last price of $61.88 to the average price target of $88), up by 42.21% based on the highest stock price target, and up by 42.21% based on the lowest stock price target.

Can Shell stock reach $90?

SHEL's average twelve months analyst stock price target of $88 does not support the claim that Shell can reach $90 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 $287.96B (high $320.84B, low $255.08B), average EBITDA is $54.83B (high $61.09B, low $48.57B), average net income is $23.33B (high $26.31B, low $20.26B), average SG&A $11.79B (high $13.13B, low $10.44B), and average EPS is $7.38 (high $8.33, low $6.41). SHEL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $275.21B (high $306.63B, low $243.79B), average EBITDA is $52.4B (high $58.39B, low $46.42B), average net income is $24.9B (high $28.6B, low $21.21B), average SG&A $11.27B (high $12.55B, low $9.98B), and average EPS is $7.88 (high $9.05, low $6.71).

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 $64B by 40.22%. 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 $14.05B by -8.32%. 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 $14.85B by 42.61%. 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 $3.19B by -4.41%. Lastly, the company's EPS was $2.52, beating the average prediction of $2.1 by 20.02%