Barclays has revised its price target for Southern Company (SO, Financial) upward to $90 from a previous target of $83. The firm maintains its Equal Weight rating on Southern Company shares. This adjustment comes as Barclays updates its utilities and power sector models in anticipation of the first quarter earnings, reflecting broader economic positioning and a revised perspective on the U.S. utilities tariff outlook.
The analyst highlights that the utilities sector is expected to continue its re-rating trajectory, largely driven by its defensive characteristics in the current market environment. This strategic assessment supports the modified outlook for Southern Company, aligning with investor expectations in a sector noted for its stability amidst broader economic fluctuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Southern Co (SO, Financial) is $93.09 with a high estimate of $104.00 and a low estimate of $72.86. The average target implies an upside of 3.16% from the current price of $90.23. More detailed estimate data can be found on the Southern Co (SO) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Southern Co's (SO, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 Southern Co (SO, Financial) in one year is $75.46, suggesting a downside of 16.37% from the current price of $90.23. 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 Southern Co (SO) Summary page.
