Chevron Stock Dips Despite Goldman Sachs' Bullish Outlook

Chevron stock slipped on September 16, 2026, following Goldman Sachs' decision to boost its price target for the energy company. The investment bank raised its target to $240 per share from $225 after meeting with Chevron's senior leadership.

The move came despite a broader market decline and sector pressures that led to a 2.9% drop in Chevron's stock, which finished the session at around $211.40 on the New York Stock Exchange.

Analysts' consensus is strong, with a Moderate Buy rating based on 26 analysts and an average target of $221.47, indicating a potential upside of about 4.0% versus recent trading levels.