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Marathon Petroleum Corp has a consensus price target of $176.68 based on the ratings of 20 analysts. The high is $231 issued by Jefferies on July 15, 2024. The low is $109 issued by JP Morgan on May 17, 2022. The 3 most-recent analyst ratings were released by TD Cowen, Jefferies, and Scotiabank on August 7, 2024, July 15, 2024, and July 12, 2024, respectively. With an average price target of $204 between TD Cowen, Jefferies, and Scotiabank, there's an implied 16.37% upside for Marathon Petroleum Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Marathon Petroleum (NYSE:MPC) was reported by TD Cowen on August 7, 2024. The analyst firm set a price target for $190.00 expecting MPC to rise to within 12 months (a possible 8.38% upside). 37 analyst firms have reported ratings in the last year.
The latest analyst rating for Marathon Petroleum (NYSE:MPC) was provided by TD Cowen, and Marathon Petroleum maintained their buy rating.
The last upgrade for Marathon Petroleum Corp happened on December 14, 2023 when Wells Fargo raised their price target to $169. Wells Fargo previously had an equal-weight for Marathon Petroleum Corp.
The last downgrade for Marathon Petroleum Corp happened on August 16, 2023 when Mizuho changed their price target from N/A to N/A for Marathon Petroleum Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Marathon Petroleum, 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 Marathon Petroleum was filed on August 7, 2024 so you should expect the next rating to be made available sometime around August 7, 2025.
While ratings are subjective and will change, the latest Marathon Petroleum (MPC) rating was a maintained with a price target of $187.00 to $190.00. The current price Marathon Petroleum (MPC) is trading at is $175.31, which is out of the analyst’s predicted range.
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