Shell (SHEL) Stock Forecast, Price Target & Predictions
SHEL Stock Forecast
Shell stock forecast is as follows: an average price target of $84.67 (represents a 25.53% upside from SHEL’s last price of $67.45) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
SHEL Price Target
The average price target for Shell (SHEL) is $84.67 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $79.00. This represents a potential 25.53% upside from SHEL's last price of $67.45.
SHEL Analyst Ratings
According to 7 Wall Street analysts, Shell's rating consensus is 'Buy'. The analyst rating breakdown for SHEL stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 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 |
|---|---|---|---|---|---|---|
| Jun 21, 2024 | Roger Read | Wells Fargo | $90.00 | $70.03 | 28.52% | 33.43% |
| Jun 06, 2024 | Bill Selesky | Argus Research | $79.00 | $69.81 | 13.16% | 17.12% |
| Apr 18, 2024 | Ryan Todd | Piper Sandler | $85.00 | $71.14 | 19.48% | 26.02% |
| Mar 14, 2024 | Ryan Todd | Piper Sandler | $76.00 | $65.78 | 15.54% | 12.68% |
The latest Shell stock forecast, released on Jun 21, 2024 by Roger Read from Wells Fargo, set a price target of $90.00, which represents a 28.52% increase from the stock price at the time of the forecast ($70.03), and a 33.43% increase from SHEL last price ($67.45).
Shell Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $90.00 | $82.50 |
| Last Closing Price | $67.45 | $67.45 | $67.45 |
| Upside/Downside | -100.00% | 33.43% | 22.31% |
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 $67.45. 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 |
|---|---|---|---|---|
| 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 |
| May 13, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 03, 2024 | UBS | Neutral | Neutral | Hold |
| May 03, 2024 | HSBC | Buy | Buy | Hold |
| Apr 18, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Shell's last stock rating was published by Piper Sandler on Sep 05, 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 | $71.60B | $71.39B | $71.11B | $70.75B | $69.06B | $77.25B | $76.50B | $74.03B | $70.46B | $70.90B | $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 | $80.67B | $80.44B | $80.12B | $79.71B | $77.82B | $87.04B | $86.19B | $83.41B | $79.39B | $79.89B | $78.12B | $88.67B | $86.60B | $93.45B | $75.27B | $87.84B | $106.30B | $80.96B | $97.92B | $85.66B | $70.35B | $63.56B | $82.76B | $68.24B | $55.65B | $49.75B | $55.04B | $62.53B | $85.95B | $89.29B |
| Low Forecast | $62.52B | $62.34B | $62.10B | $61.78B | $60.31B | $67.46B | $66.80B | $64.65B | $61.53B | $61.92B | $60.55B | $68.72B | $67.12B | $74.04B | $58.34B | $68.09B | $82.39B | $62.75B | $88.30B | $77.25B | $63.43B | $57.32B | $74.63B | $61.54B | $50.18B | $44.86B | $49.63B | $56.38B | $77.51B | $80.51B |
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 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 $58.34B, and a high forecast of $75.27B. 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 | 2 | 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 | $13.38B | $13.34B | $13.29B | $13.22B | $12.90B | $14.43B | $14.29B | $13.83B | $13.16B | $13.25B | $12.95B | $14.70B | $14.36B | $15.65B | $12.48B | $14.57B | $17.63B | $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 | $15.07B | $15.03B | $14.97B | $14.89B | $14.54B | $16.26B | $16.10B | $15.58B | $14.83B | $14.93B | $14.60B | $16.57B | $16.18B | $17.46B | $14.06B | $16.41B | $19.86B | $15.13B | $18.29B | $16.01B | $23.23B | $11.88B | $15.46B | $12.75B | $10.40B | $9.30B | $10.28B | $11.68B | $16.06B | $16.68B |
| Low Forecast | $11.68B | $11.65B | $11.60B | $11.54B | $11.27B | $12.60B | $12.48B | $12.08B | $11.50B | $11.57B | $11.31B | $12.84B | $12.54B | $13.83B | $10.90B | $12.72B | $15.39B | $11.72B | $16.50B | $14.43B | $15.49B | $10.71B | $13.94B | $11.50B | $9.38B | $8.38B | $9.27B | $10.53B | $14.48B | $15.04B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.45% | 1.32% | 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 $12.48B, with a high of $14.06B and a low of $10.90B. This is -41.04% 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 | 2 | 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 | $6.31B | $6.40B | $6.30B | $6.39B | $6.03B | $6.23B | $6.28B | $6.16B | $6.18B | $5.87B | $6.04B | $6.20B | $5.85B | $5.98B | $5.46B | $6.74B | $7.36B | $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 | $7.35B | $7.46B | $7.34B | $7.45B | $7.03B | $7.25B | $7.31B | $7.17B | $7.20B | $6.41B | $7.04B | $7.23B | $6.46B | $7.03B | $6.36B | $7.85B | $8.58B | $8.79B | $9.86B | $7.58B | $11.31B | $4.78B | $4.38B | $2.66B | $466.56M | $153.35M | $-729.65M | $1.81B | $2.76B | $3.36B |
| Low Forecast | $5.27B | $5.35B | $5.26B | $5.34B | $5.04B | $5.20B | $5.24B | $5.14B | $5.16B | $5.49B | $5.05B | $5.18B | $5.25B | $5.02B | $4.56B | $5.63B | $6.15B | $6.31B | $8.62B | $6.63B | $7.54B | $4.17B | $3.83B | $2.33B | $407.84M | $134.05M | $-834.71M | $1.58B | $2.41B | $2.94B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 1.41% | 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 $5.46B, with a range of $4.56B to $6.36B. SHEL's average Quarter net income forecast represents a -37.29% 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 | 2 | 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 | $2.96B | $2.95B | $2.94B | $2.93B | $2.86B | $3.19B | $3.16B | $3.06B | $2.91B | $2.93B | $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 | $3.34B | $3.33B | $3.31B | $3.30B | $3.22B | $3.60B | $3.56B | $3.45B | $3.28B | $3.30B | $3.23B | $3.67B | $3.58B | $3.86B | $3.11B | $3.63B | $4.40B | $3.35B | $4.05B | $3.54B | $2.83B | $2.63B | $3.42B | $2.82B | $2.30B | $2.06B | $2.28B | $2.59B | $3.55B | $3.69B |
| Low Forecast | $2.59B | $2.58B | $2.57B | $2.55B | $2.49B | $2.79B | $2.76B | $2.67B | $2.54B | $2.56B | $2.50B | $2.84B | $2.78B | $3.06B | $2.41B | $2.82B | $3.41B | $2.59B | $3.65B | $3.19B | $1.89B | $2.37B | $3.09B | $2.54B | $2.08B | $1.86B | $2.05B | $2.33B | $3.21B | $3.33B |
| 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 $2.41B to $3.11B. 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 | 2 | 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 | $1.97 | $2.00 | $1.96 | $1.99 | $1.88 | $1.94 | $1.96 | $1.92 | $1.93 | $1.83 | $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 | $2.29 | $2.32 | $2.29 | $2.32 | $2.19 | $2.26 | $2.28 | $2.23 | $2.24 | $2.00 | $2.19 | $2.25 | $2.01 | $2.19 | $1.98 | $2.45 | $2.67 | $2.74 | $3.07 | $2.36 | $1.42 | $1.49 | $1.36 | $0.83 | $0.15 | $0.05 | $-0.23 | $0.56 | $0.86 | $1.05 |
| Low Forecast | $1.64 | $1.67 | $1.64 | $1.66 | $1.57 | $1.62 | $1.63 | $1.60 | $1.61 | $1.71 | $1.57 | $1.61 | $1.64 | $1.56 | $1.42 | $1.75 | $1.92 | $1.97 | $2.69 | $2.06 | $1.24 | $1.30 | $1.19 | $0.72 | $0.13 | $0.04 | $-0.26 | $0.49 | $0.75 | $0.92 |
| 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 $1.42 and a high estimate of $1.98. 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 | $25.09 | $82.50 | 228.82% | Hold |
| BP | BP p.l.c. | $31.84 | $43.18 | 35.62% | Buy |
| E | Eni S.p.A. | $30.93 | $39.60 | 28.03% | Buy |
| SHEL | Shell | $67.45 | $84.67 | 25.53% | Buy |
| CVX | Chevron | $140.61 | $174.93 | 24.41% | Buy |
| EC | Ecopetrol | $9.16 | $11.35 | 23.91% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.53 | $16.47 | 13.35% | Buy |
| SU | Suncor Energy | $36.44 | $40.78 | 11.91% | Buy |
| TTE | TotalEnergies SE | $67.65 | $72.00 | 6.43% | Hold |
| XOM | Exxon Mobil | $111.15 | $118.02 | 6.18% | Buy |
SHEL Forecast FAQ
Is Shell a good buy?
Yes, according to 7 Wall Street analysts, Shell (SHEL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of SHEL's total ratings.
What is SHEL's price target?
Shell (SHEL) average price target is $84.67 with a range of $79 to $90, implying a 25.53% from its last price of $67.45. The data is based on 7 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 25.53% (from the last price of $67.45 to the average price target of $84.67), up by 33.43% based on the highest stock price target, and up by 17.12% based on the lowest stock price target.
Can Shell stock reach $100?
SHEL's average twelve months analyst stock price target of $84.67 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 $296.84B (high $334.45B, low $259.23B), average EBITDA is $55.46B (high $62.49B, low $48.43B), average net income is $24.69B (high $28.76B, low $20.63B), average SG&A $12.28B (high $13.83B, low $10.72B), and average EPS is $7.7 (high $8.96, low $6.43). SHEL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $284.84B (high $320.94B, low $248.75B), average EBITDA is $53.22B (high $59.96B, low $46.47B), average net income is $25.4B (high $29.58B, low $21.22B), average SG&A $11.78B (high $13.27B, low $10.29B), and average EPS is $7.92 (high $9.22, low $6.61).
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 $63.67B by 40.96%. The company's net income was $42.31B, beating the average estimation of $31.25B by 35.37%. 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 $14.57B by 45.34%. Shell's net income was $8.71B, beating the average estimation of $6.74B by 29.26%. 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%