Albemarle Corporation (ALB)

NYSE: ALB · IEX Real-Time Price · USD

144.48

-4.95 (-3.31%)

At close: Dec 29, 2023, 4:00 PM

144.13

-0.35 (-0.24%)

After-hours: Dec 29, 2023, 7:57 PM EST

Albemarle Stock Forecast

Stock Price Forecast

According to 18 stock analysts, the average 12-month stock price forecast for Albemarle stock is $214.06, which predicts an increase of 48.16%. The lowest target is $128 and the highest is $308. On average, analysts rate Albemarle stock as a buy.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$128	$214.06	$215	$308
Change	-11.41%	+48.16%	+48.81%	+113.18%

Analyst Ratings

The average analyst rating for Albemarle stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '23	Aug '23	Sep '23	Oct '23	Nov '23	Dec '23
Strong Buy	5	5	5	4	3	2
Buy	9	9	10	9	9	9
Hold	3	3	3	3	4	4
Sell	2	2	2	3	3	3
Strong Sell	0	0	0	0	0	0
Total	19	19	20	19	19	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew DeYoe B of A Securities	B of A Securities	Sell → Hold Upgrades $154 → $149	Sell → Hold	Upgrades	$154 → $149	+3.13%	Dec 12, 2023
Charles Neivert Piper Sandler	Piper Sandler	Hold → Sell Downgrades $140 → $128	Hold → Sell	Downgrades	$140 → $128	-11.41%	Dec 5, 2023
Joel Jackson BMO Capital	BMO Capital	Buy Maintains $265 → $180	Buy	Maintains	$265 → $180	+24.58%	Nov 7, 2023
Arun Viswanathan RBC Capital	RBC Capital	Buy Maintains $212 → $163	Buy	Maintains	$212 → $163	+12.82%	Nov 6, 2023
Joshua Spector UBS	UBS	Strong Buy → Hold Downgrades $253 → $140	Strong Buy → Hold	Downgrades	$253 → $140	-3.10%	Nov 6, 2023

Full Analyst Rating History

Financial Forecast

Revenue This Year

9.68B

from 7.32B

32.17%

from 7.32B

Revenue Next Year

8.56B

from 9.68B

-11.53%

from 9.68B

EPS This Year

22.18

from 22.84

-2.90%

from 22.84

EPS Next Year

14.01

from 22.18

-36.82%

from 22.18

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.37B	3.59B	3.13B	3.33B	7.32B	9.68B	8.56B	9.40B	11.18B	13.03B	17.11B
Revenue Growth	9.86%	6.35%	-12.83%	6.36%	119.96%	32.17%	-11.53%	9.80%	18.96%	16.56%	31.30%
EPS	6.34	5.02	3.52	1.06	22.84	22.18	14.01	18.25	26.66	40.73	72.86
EPS Growth	1,193.88%	-20.82%	-29.88%	-69.89%	2,054.72%	-2.90%	-36.82%	30.26%	46.09%	52.75%	78.89%
No. Analysts	-	-	-	-	-	28	28	19	5	4	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2023	2024	2025	2026	2027	2028
High	10.8B	10.7B	13.1B	13.8B	18.1B	17.8B
Avg	9.7B	8.6B	9.4B	11.2B	13.0B	17.1B
Low	8.8B	6.1B	5.8B	8.2B	9.3B	16.6B

Revenue Growth

Revenue Growth	2023	2024	2025	2026	2027	2028
High	47.5%	11.0%	52.6%	47.0%	61.6%	36.5%
Avg	32.2%	-11.5%	9.8%	19.0%	16.6%	31.3%
Low	20.3%	-36.7%	-32.4%	-12.3%	-17.1%	27.4%

EPS Forecast

EPS	2023	2024	2025	2026	2027	2028
High	26.55	28.19	41.93	39.80	77.15	75.75
Avg	22.18	14.01	18.25	26.66	40.73	72.86
Low	20.15	5.88	2.35	14.27	16.76	70.70

EPS Growth

EPS Growth	2023	2024	2025	2026	2027	2028
High	16.2%	27.1%	199.2%	118.0%	189.4%	86.0%
Avg	-2.9%	-36.8%	30.3%	46.1%	52.8%	78.9%
Low	-11.8%	-73.5%	-83.2%	-21.8%	-37.2%	73.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.