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California Resources Corp has a consensus price target of $62.13 based on the ratings of 17 analysts. The high is $74 issued by TD Cowen on November 26, 2024. The low is $48 issued by MKM Partners on July 20, 2022. The 3 most-recent analyst ratings were released by JP Morgan, TD Cowen, and Jefferies on December 20, 2024, November 26, 2024, and October 24, 2024, respectively. With an average price target of $67 between JP Morgan, TD Cowen, and Jefferies, there's an implied 32.52% upside for California Resources Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for California Resources (NYSE:CRC) was reported by JP Morgan on December 20, 2024. The analyst firm set a price target for $63.00 expecting CRC to rise to within 12 months (a possible 24.60% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for California Resources (NYSE:CRC) was provided by JP Morgan, and California Resources initiated their neutral rating.
The last upgrade for California Resources Corp happened on August 21, 2024 when B of A Securities raised their price target to $65. B of A Securities previously had a neutral for California Resources Corp.
The last downgrade for California Resources Corp happened on January 5, 2024 when B of A Securities changed their price target from $64 to $60 for California Resources Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of California Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for California Resources was filed on December 20, 2024 so you should expect the next rating to be made available sometime around December 20, 2025.
While ratings are subjective and will change, the latest California Resources (CRC) rating was a initiated with a price target of $0.00 to $63.00. The current price California Resources (CRC) is trading at is $50.56, which is within the analyst’s predicted range.
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