XOM | 09 May 2024 | AI Stock Analysis & News

Exxon Mobil’s stock price dropped after disappointing earnings, potentially impacting future performance.

Stock AI’s forecasts:
🔴 -12.0% short-term ⬇️
🟢 +1.3% long-term ⬆️

Stock AI’s (XOM) Forecast get (+11.9% Profit)

StockAI’s analysis delivers real-world results. On 08 March 2024, $XOM ($108.0), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $120.8 (🟢11.9%). Buying XOM on this signal yielded a +11.9% profit 💰💰.

XOM-Exxon Mobil Corporation News

🟢 Exxon Mobil scheduled to issue quarterly earnings data before market opens on April 26th, analysts expect earnings of $2.12 per share for the quarter. 📈
🟢 Piper Sandler raised price target for XOM from $130.00 to $145.00, maintaining overweight rating on the stock. 📈
🔴 HSBC raised price target on XOM from $111.00 to $120.00, maintaining hold rating on the stock. 📉
🔴 Exxon Mobil’s stock price fell 4% following a disappointing earnings announcement. 📉
🟢 Exxon Mobil’s stock price reached a new 52-week high after UBS Group raised their price target on the stock from $133.00 to $150.00. 📈
🔴 Exxon Mobil appoints sustainable investing expert to board. 📉

Exxon Mobil Corporation stock has seen a mix of positive and negative news recently, impacting its price expectations. The upcoming quarterly earnings report is anticipated to show strong results, potentially leading to a price increase. However, the disappointment in the previous earnings announcement caused a 4% drop in the stock price. Despite this, the stock reached a new 52-week high after a price target raise by UBS Group. The appointment of a sustainable investing expert to the board may have a positive long-term impact on the company’s stock. Overall, the stock’s performance is likely to be influenced by a combination of these factors in the short and long term.

XOM-Exxon Mobil Corporation Analyst Ratings

📈 Piper Sandler raised their price target on Exxon Mobil (NYSE:XOM) stock from $130 to $145 with an overweight rating.

📈 UBS Group increased their price target on Exxon Mobil (NYSE:XOM) stock from $133 to $150 with a buy rating.

📉 HSBC raised their price target on Exxon Mobil (NYSE:XOM) stock from $111 to $120 with a hold rating.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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