BHP Group (BHP) Stock Forecast, Price Target & Predictions
BHP Stock Forecast
BHP Group stock forecast is as follows: an average price target of $52.20 (represents a -1.30% downside from BHP’s last price of $52.89) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
BHP Price Target
The average price target for BHP Group (BHP) is $52.20 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $82.00 to $31.00. This represents a potential -1.30% downside from BHP's last price of $52.89.
BHP Analyst Ratings
According to 13 Wall Street analysts, BHP Group's rating consensus is 'Hold'. The analyst rating breakdown for BHP stock is 0 'Strong Buy' (0.00%), 3 'Buy' (23.08%), 9 'Hold' (69.23%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).
BHP Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 05, 2024 | Paul Young | Goldman Sachs | $49.00 | $58.62 | -16.41% | -7.35% |
| May 22, 2024 | David Coleman | Argus Research | $68.00 | $59.60 | 14.09% | 28.57% |
| Nov 24, 2022 | Paul Young | Goldman Sachs | $42.90 | $60.04 | -28.55% | -18.89% |
| Nov 23, 2022 | - | Credit Suisse | $31.00 | $58.87 | -47.34% | -41.39% |
| Nov 18, 2022 | - | Citigroup | $31.00 | $58.66 | -47.15% | -41.39% |
| Jun 14, 2022 | Christopher LeFemina | Jefferies | $82.00 | $60.81 | 34.85% | 55.04% |
The latest BHP Group stock forecast, released on Jun 05, 2024 by Paul Young from Goldman Sachs, set a price target of $49.00, which represents a -16.41% decrease from the stock price at the time of the forecast ($58.62), and a -7.35% decrease from BHP last price ($52.89).
BHP Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $58.50 |
| Last Closing Price | $52.89 | $52.89 | $52.89 |
| Upside/Downside | -100.00% | -100.00% | 10.61% |
In the current month, the average price target of BHP Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to BHP Group's last price of $52.89. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 06, 2024 | Panmure | - | Sell | Downgrade |
| Jul 15, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 17, 2024 | Bernstein | - | Market Perform | Downgrade |
| May 22, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 30, 2024 | Oddo BHF | - | Neutral | Upgrade |
| Apr 16, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 04, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Oct 05, 2023 | UBS | Sell | Neutral | Upgrade |
| Jan 05, 2023 | Morgan Stanley | - | Overweight | Upgrade |
| Jan 05, 2023 | Jefferies | Hold | Hold | Hold |
BHP Group's last stock rating was published by Panmure on Aug 06, 2024. The company Downgrade its BHP rating from "null" to "Sell".
BHP Group Financial Forecast
BHP Group Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|
| Revenue | - | - | - | - |
| Avg Forecast | $28.87B | $28.46B | $27.67B | $27.32B |
| High Forecast | $28.87B | $28.58B | $27.67B | $27.32B |
| Low Forecast | $28.87B | $28.34B | $27.67B | $27.32B |
| # Analysts | 1 | 2 | - | 1 |
| Surprise % | - | - | - | - |
BHP Group's average Quarter revenue forecast for undefined based on undefined analysts is $NaN, with a low forecast of $NaN, and a high forecast of $NaN. BHP's average Quarter revenue forecast represents a NaN% decrease compared to the company's last Quarter revenue of $NaN (undefined).
BHP Group EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 2 | - | 1 |
| EBITDA | - | - | - | - |
| Avg Forecast | $16.00B | $15.77B | $15.30B | $15.14B |
| High Forecast | $16.00B | $15.84B | $15.30B | $15.14B |
| Low Forecast | $16.00B | $15.71B | $15.30B | $15.14B |
| Surprise % | - | - | - | - |
undefined analysts predict BHP's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than BHP Group's previous annual EBITDA (undefined) of $NaN.
BHP Group Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 2 | - | 1 |
| Net Income | - | - | - | - |
| Avg Forecast | $3.90B | $6.48B | $3.99B | $7.27B |
| High Forecast | $3.90B | $6.48B | $3.99B | $7.27B |
| Low Forecast | $3.90B | $6.48B | $3.99B | $7.27B |
| Surprise % | - | - | - | - |
BHP Group's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. BHP's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
BHP Group SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 2 | - | 1 |
| SG&A | - | - | - | - |
| Avg Forecast | $2.59B | $2.56B | $2.44B | $2.46B |
| High Forecast | $2.59B | $2.57B | $2.44B | $2.46B |
| Low Forecast | $2.59B | $2.55B | $2.44B | $2.46B |
| Surprise % | - | - | - | - |
BHP Group's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to BHP last annual SG&A of $NaN (undefined).
BHP Group EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | |
|---|---|---|---|---|
| # Analysts | 1 | 2 | - | 1 |
| EPS | - | - | - | - |
| Avg Forecast | $1.54 | $2.55 | $1.57 | $2.87 |
| High Forecast | $1.54 | $2.55 | $1.57 | $2.87 |
| Low Forecast | $1.54 | $2.55 | $1.57 | $2.87 |
| Surprise % | - | - | - | - |
According to undefined Wall Street analysts, BHP Group's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BHP previous annual EPS of $NaN (undefined).
BHP Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAC | Lithium Americas | $2.39 | $23.02 | 863.18% | Buy |
| VALE | Vale | $10.51 | $19.82 | 88.58% | Buy |
| PLL | Piedmont Lithium | $7.42 | $12.15 | 63.75% | Hold |
| MP | MP Materials | $13.80 | $22.42 | 62.46% | Buy |
| RIO | Rio Tinto Group | $62.55 | $93.25 | 49.08% | Buy |
| BHP | BHP Group | $52.89 | $52.20 | -1.30% | Hold |
| TECK | Teck Resources | $46.33 | $40.31 | -12.99% | Buy |
BHP Forecast FAQ
Is BHP Group a good buy?
No, according to 13 Wall Street analysts, BHP Group (BHP) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 23.08% of BHP's total ratings.
What is BHP's price target?
BHP Group (BHP) average price target is $52.2 with a range of $31 to $82, implying a -1.30% from its last price of $52.89. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will BHP Group stock go up soon?
According to Wall Street analysts' prediction for BHP stock, the company can go down by -1.30% (from the last price of $52.89 to the average price target of $52.2), up by 55.04% based on the highest stock price target, and down by -41.39% based on the lowest stock price target.
Can BHP Group stock reach $80?
BHP's highest twelve months analyst stock price target of $82 supports the claim that BHP Group can reach $80 in the near future.
What are BHP Group's analysts' financial forecasts?
BHP's analysts financial forecasts for the fiscal year (Jun 2024) are as follows: average revenue is $83.45B (high $83.58B, low $83.33B), average EBITDA is $46.22B (high $46.29B, low $46.15B), average net income is $17.74B (high $17.74B, low $17.74B), average SG&A $7.46B (high $7.47B, low $7.45B), and average EPS is $6.99 (high $6.99, low $6.99).