Chevron (CVX) Price Target Raised to $212

Chevron Corporation (NYSE:CVX) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Chevron (CVX) Price Target Raised to $212

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.

On March 27, Morgan Stanley analyst Devin McDermott raised the firm’s price target on Chevron Corporation (NYSE:CVX) from $174 to $212, while keeping an ‘Overweight’ rating on the shares. The increased target reflects an upside potential of over 2% from the current share price.

Morgan Stanley highlighted how crude oil, LNG, and refining margins are at their highest since Russia invaded Ukraine back in 2022. According to the firm, it is looking less likely that these markets will revert to their prior levels even if we see a de-escalation in the US-Iran war.

As a result, Morgan Stanley bumped its price deck, raising its 2026 WTI benchmark by 44%, NGLs by 40%, and cracks by 35%. Moreover, the analyst firm increased its average EBITDA estimates across its North America energy coverage by around 40% for 2026 and 23% in 2027.

Chevron Corporation (NYSE:CVX) was also recently included in our Dividend Kings and Aristocrats List: 32 Biggest Stocks.

While we acknowledge the risk and potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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