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Chevron Corporation (NYSE:CVX) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
On November 14, Wells Fargo analyst Sam Margolin increased his price target on Chevron Corporation (NYSE:CVX) to $196 from $190 and maintained an Overweight rating, according to a report by The Fly. He noted that the company’s investor day delivered a generally positive message. While broader commodity trends will likely shape near-term market reaction, Wells Fargo said Chevron’s updates point to solid free cash flow and dividend growth supported by both new and existing assets.
Chevron Corporation (NYSE:CVX) also outlined its plans through 2030. The company expects to grow its adjusted free cash flow and earnings per share by more than 10% annually over this period. It has several major expansion projects either underway or in the pipeline. The company’s acquisition of Hess also gave it a foothold in the highly productive Stabroek Block offshore Guyana.
Chevron Corporation (NYSE:CVX) operates as a global energy company involved in the exploration, production, refining, and marketing of oil and natural gas.
While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
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