BMO Capital has increased its price target for Xcel Energy (XEL, Financial) to $73 from the previous $69, while maintaining a Market Perform rating on the company's shares. This adjustment comes as BMO anticipates that Xcel Energy's first-quarter earnings per share will meet the consensus estimate of 91 cents, reflecting a 4% rise compared to the previous year.
Investors are attentively watching for management's insights on several key issues, particularly regarding the possible impacts of an Inflation Reduction Act repeal scenario and associated changes in tariff regulations. Additionally, updates on current wildfire litigation, including any developments in settlement negotiations, and the status of legislation related to wildfires are also in focus.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Xcel Energy Inc (XEL, Financial) is $74.44 with a high estimate of $81.00 and a low estimate of $62.10. The average target implies an upside of 4.27% from the current price of $71.39. More detailed estimate data can be found on the Xcel Energy Inc (XEL) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Xcel Energy Inc's (XEL, Financial) average brokerage recommendation is currently 2.0, 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 Xcel Energy Inc (XEL, Financial) in one year is $67.12, suggesting a downside of 5.98% from the current price of $71.39. 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 Xcel Energy Inc (XEL) Summary page.
