Barclays has revised its price target for NextEra Energy (NEE, Financial), reducing it from $77 to $73, while maintaining an 'Equal Weight' rating on the company's shares. This adjustment comes as part of a broader evaluation of utilities and power sector models in anticipation of the upcoming first-quarter earnings reports.
The financial institution's decision reflects a recalibration of macroeconomic factors and an updated perspective on U.S. utility tariff expectations. Despite these adjustments, the sector is anticipated to continue re-rating due to its defensive nature, offering stability amidst broader market fluctuations. Investors are being informed of these strategic considerations as they navigate potential shifts in industry valuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for NextEra Energy Inc (NEE, Financial) is $83.88 with a high estimate of $103.00 and a low estimate of $52.00. The average target implies an upside of 29.68% from the current price of $64.68. More detailed estimate data can be found on the NextEra Energy Inc (NEE) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, NextEra Energy Inc's (NEE, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NextEra Energy Inc (NEE, Financial) in one year is $87.57, suggesting a upside of 35.39% from the current price of $64.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NextEra Energy Inc (NEE) Summary page.
