Barclays has updated its outlook for Portland General Electric (POR, Financial) by adjusting the company's price target upwards from $47 to $48. This revision comes as part of a broader reassessment of models for utilities and the power sector before the release of first-quarter earnings reports. Analyst Nicholas Campanella has maintained an Equal Weight rating on the firm's shares.
The adjustments reflect a strategic shift in macroeconomic positioning and an evolving perspective on the outlook for U.S. utility tariffs. Campanella indicates that the utility sector is expected to continue re-rating positively, driven by its inherent defensive characteristics. This trend suggests a stable future for the industry in the face of broader market fluctuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Portland General Electric Co (POR, Financial) is $48.68 with a high estimate of $60.00 and a low estimate of $42.00. The average target implies an upside of 14.70% from the current price of $42.44. More detailed estimate data can be found on the Portland General Electric Co (POR) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Portland General Electric Co's (POR, Financial) average brokerage recommendation is currently 2.4, 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 Portland General Electric Co (POR, Financial) in one year is $51.37, suggesting a upside of 21.04% from the current price of $42.44. 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 Portland General Electric Co (POR) Summary page.
