Is Chevron Stock Going to $200?
Chevron (NYSE: CVX) stock is hovering around an all-time high price after gaining 21.6% year to date at the time of this writing. The energy sector is booming due to rising oil prices and investor uncertainty. Some investors are gravitating toward heavy industries that are less vulnerable to artificial intelligence (AI) disruption -- like oil and gas.
At around $185 per share, Chevron is knocking on the door of the $200-per-share milestone. But some investors may be worried Chevron is running up too far, too fast.
Here's what it would take for Chevron to keep soaring, and if the dividend stock is a buy now.
Source Fool.com
Chevron Corp. Stock
€186.50
1.660%
The stock is one of the favorites of our community with 49 Buy predictions and 3 Sell predictions.
However, we have a potential of -6.7% for Chevron Corp. as the target price of 174 € is below the current price of 186.5 €.
