BMO Capital has adjusted its price target for Alliant Energy (LNT, Financial), lowering it from $66 to $64 while maintaining a Market Perform rating. Despite the reduced target, the firm anticipates that Alliant Energy will surpass the consensus earnings per share (EPS) estimate of $0.75 for the first quarter. BMO remains confident in the company's commitment to its long-term EPS growth projection of 5% to 7%.
The firm notes an anticipated expansion in Alliant's capital plan, which now includes an additional 1GW of data center load, expected to be integrated into future forecasts. This move underscores Alliant Energy's strategic growth initiatives amidst evolving industry demands.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Alliant Energy Corp (LNT, Financial) is $65.05 with a high estimate of $71.00 and a low estimate of $57.00. The average target implies an upside of 9.71% from the current price of $59.29. More detailed estimate data can be found on the Alliant Energy Corp (LNT) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Alliant Energy Corp's (LNT, Financial) average brokerage recommendation is currently 2.5, 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 Alliant Energy Corp (LNT, Financial) in one year is $55.65, suggesting a downside of 6.14% from the current price of $59.29. 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 Alliant Energy Corp (LNT) Summary page.
