Goldman Sachs gives Chevron stock price new target after earnings
Key takeaways
- In a report given to The Street, Goldman Sachs analyst Neil Mehta raised the firm’s 12-month price target on Chevron to $216 from $211 while maintaining a Buy rating on the stock.
- The price target increase comes as Goldman points to several signs of operational strength across Chevron’s business, even as commodity markets remain volatile and geopolitical risks continue to shape global energy.
- Goldman said Chevron’s first-quarter results were supported by resilient upstream fundamentals and strong operational execution.
Goldman Sachs gives Chevron stock price new target after earnings Tyler Bundy Fri, May 8, 2026 at 10:07 PM GMT+7 4 min read CVX Goldman Sachs is taking a stronger view on Chevron after the energy giant’s first-quarter results gave analysts more confidence in the company’s cash flow outlook, production base, and shareholder return plans.
In a report given to The Street, Goldman Sachs analyst Neil Mehta raised the firm’s 12-month price target on Chevron to $216 from $211 while maintaining a Buy rating on the stock. The updated target implies 16% total return potential from current levels, based on Chevron’s share price of $192.64 at the time of the report.
The price target increase comes as Goldman points to several signs of operational strength across Chevron’s business, even as commodity markets remain volatile and geopolitical risks continue to shape global energy.