PPG Industries, Inc. — Wall Street Analyst Estimates & Price Targets

PPG

NYSEBasic MaterialsChemicals - SpecialtyCIK 0000079879ppg.comAbout PPG

Last close · Oct 16, 2026107.34−0.47 (−0.44%)

Market cap$23.9B

6 firms' latest targets, last 90 days: median $130.50 ($116.00–$136.00), 22% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 6 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-12	Barclays	$136.00	—	—	+31%	+27%
2026-10-09	Goldman Sachs	$128.00	$132.00	▼ 3%	+22%	+19%
2026-10-05	UBS	$116.00	$125.00	▼ 7%	+10%	+8%
2026-09-24	Bernstein	$136.00	$130.00	▲ 5%	+27%	+27%
2026-09-11	KeyBanc	$133.00	—	—	+27%	+24%
2026-07-30	RBC Capital	$122.00	$119.00	▲ 3%	+9%	+14%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$17.7B	+5%	$4.32	-28%	est. $17.6B+0%	est. $5.96	13
2023reported	$18.2B	+3%	$5.35	+24%	est. $18.2B+0%	est. $7.64	16
2024reported	$15.8B	-13%	$4.75	-11%	est. $17.8B-11%	est. $8.15	11
2025reported	$15.9B	+0%	$6.94	+46%	est. $15.7B+1%	est. $7.64	14
2026	$16.8B	+6%	$7.90	+3%	$16.2B–$17.0B	$7.76–$7.97	17
2027	$17.3B	+3%	$8.61	+9%	$17.0B–$17.9B	$8.35–$8.85	17
2028	$17.9B	+3%	$9.41	+9%	$17.4B–$18.4B	$8.95–$9.69	16
2029	$18.0B	+1%	$10.39	+10%	$17.5B–$18.4B	$10.05–$10.72	14

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$130.50median target, 22% above the last close

Firms with a target · last 90 days: 6
Lowest – highest target: $116.00 – $136.00
Current grades of 11 firms: positive / neutral / negative: 6 / 5 / 0
Upgrades / downgrades · 12 months: 1 / 1
Consensus revenue growth · next 3 FY: +4% a year

Current grades

each firm's latest · 11 firms

As of	Firm	Grade
2026-10-09	RBC Capital	“Sector Perform”
2026-10-05	UBS	“Neutral”
2026-07-30	Citigroup	“Neutral”
2026-07-17	Bank of America	“Buy”
2026-07-06	BMO Capital	“Outperform”
2026-07-01	Mizuho	“Outperform”
2026-04-10	Wells Fargo	“Overweight”
2026-02-18	Evercore ISI	“In Line”
2026-01-29	Goldman Sachs	“Buy”
2026-01-29	Jefferies	“Hold”
2026-01-29	J.P. Morgan	“Overweight”

Grade changes

last 24 months · 7

Date	Firm	Grade
2026-07-17	Bank of America	“Neutral” → “Buy” upgrade
2026-04-01	Citigroup	“Buy” → “Neutral” downgrade
2025-10-16	J.P. Morgan	“Neutral” → “Overweight” upgrade
2025-05-01	Fermium Research	“Hold” → “Buy” upgrade
2025-04-15	Bank of America	“Buy” → “Neutral” downgrade
2025-03-05	Seaport Global	“Buy” → “Neutral” downgrade
2025-02-12	J.P. Morgan	“Overweight” → “Neutral” downgrade

53 older than 24 months

2024-04-22	Evercore ISI	“Outperform” → “In Line” downgrade
2024-04-11	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2024-03-07	UBS	“Buy” → “Neutral” downgrade
2024-02-27	Barclays	“Overweight” → “Equal Weight” downgrade
2024-01-03	Vertical Research	“Hold” → “Buy” upgrade
2023-10-11	Barclays	“Equal Weight” → “Overweight” upgrade
2023-04-24	J.P. Morgan	“Neutral” → “Overweight” upgrade
2023-01-23	BNP Paribas Exane	“Outperform” → “Neutral” downgrade
2023-01-23	Vertical Research	“Buy” → “Hold” downgrade
2023-01-10	RBC Capital	“Outperform” → “Sector Perform” downgrade
2022-09-06	Rothschild & Co Redburn	“Neutral” → “Buy” upgrade
2022-06-27	Vertical Research	“Hold” → “Buy” upgrade
2022-05-20	Berenberg	“Buy” → “Hold” downgrade
2022-01-24	Wells Fargo	“Overweight” → “Equal Weight” downgrade
2022-01-04	Vertical Research	“Buy” → “Hold” downgrade
2021-12-07	Evercore ISI	“In Line” → “Outperform” upgrade
2021-10-22	J.P. Morgan	“Overweight” → “Neutral” downgrade
2021-09-09	Citigroup	“Buy” → “Neutral” downgrade
2021-07-26	Susquehanna	“Neutral” → “Positive” upgrade
2021-01-26	Bank of America	“Neutral” → “Buy” upgrade
2021-01-14	Berenberg	“Hold” → “Buy” upgrade
2020-07-20	Truist	“Hold” → “Buy” upgrade
2020-06-30	BMO Capital	“Market Perform” → “Outperform” upgrade
2020-05-06	J.P. Morgan	“Neutral” → “Overweight” upgrade
2020-04-28	CFRA	“Buy” → “Hold” downgrade
2019-10-18	J.P. Morgan	“Underweight” → “Neutral” upgrade
2019-08-16	Bank of America	“Neutral” → “Underperform” downgrade
2019-03-22	J.P. Morgan	“Neutral” → “Underweight” downgrade
2019-01-18	J.P. Morgan	“Overweight” → “Neutral” downgrade
2018-12-20	RBC Capital	“Sector Perform” → “Outperform” upgrade
2018-11-29	Citigroup	“Neutral” → “Buy” upgrade
2018-10-19	J.P. Morgan	“Neutral” → “Overweight” upgrade
2018-09-24	Credit Suisse	“Outperform” → “Neutral” downgrade
2018-07-27	J.P. Morgan	“Overweight” → “Neutral” downgrade
2018-07-25	Goldman Sachs	“Neutral” → “Buy” upgrade
2018-05-16	Jefferies	“Buy” → “Hold” downgrade
2018-05-05	Argus	“Buy” → “Hold” downgrade
2018-04-25	J.P. Morgan	“Neutral” → “Overweight” upgrade
2018-03-28	BMO Capital	“Market Perform” → “Perform” revised
2018-03-20	Deutsche Bank	“Hold” → “Buy” upgrade
2018-01-19	J.P. Morgan	“Overweight” → “Neutral” downgrade
2018-01-17	Atlantic Equities	“Overweight” → “Neutral” downgrade
2017-07-24	Truist	“Buy” → “Hold” downgrade
2017-07-24	Bank of America	“Buy” → “Neutral” downgrade
2017-07-05	Argus Research	“Hold” → “Buy” upgrade
2017-03-15	Atlantic Equities	“Neutral” → “Overweight” upgrade
2017-03-09	Wells Fargo	“Outperform” → “Market Perform” downgrade
2017-01-17	Susquehanna	“Positive” → “Neutral” downgrade
2016-12-13	RBC Capital	“Outperform” → “Sector Perform” downgrade
2016-10-25	Argus Research	“Buy” → “Hold” downgrade
2016-10-21	Goldman Sachs	“Buy” → “Neutral” downgrade
2016-10-11	Deutsche Bank	“Buy” → “Hold” downgrade
2016-07-26	Seaport Global	“Accumulate” → “Buy” revised

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.