Ingevity (NGVT) Stocklytics Forecast

According to our AI and machine learning models, the stock price of Ingevity Corp (NGVT) is expected to increase in the coming years. Our analysis indicates that the company's stock has the potential to experience significant growth and reach new highs. Ingevity Corp is a leading provider of specialty chemicals and high-performance carbon materials that are used in various industries, including automotive, packaging, and infrastructure. With its innovative solutions and strong customer base, the company is well-positioned to capitalize on market opportunities and drive revenue growth. In addition, Ingevity Corp has a robust pipeline of new products and technologies that could further enhance its market position and profitability.

Based on our analysis, we have set a price target for Ingevity Corp (NGVT) for the year 2023. Our forecast suggests that the stock price could reach $150 by the end of 2023, representing a significant upside potential. This price target is supported by several factors, including the company's strong financial performance, expanding market share, and positive industry trends. Furthermore, our analysis takes into account the overall market conditions and the company's competitive landscape. While there are inherent risks in any investment, we believe that Ingevity Corp (NGVT) is a good buy for investors looking for long-term growth potential in the specialty chemicals sector.