Morgan Stanley has revised its price target for Idacorp (IDA, Financial), adjusting it from $131 to $129. This update comes as part of the firm's broader evaluation of Regulated & Diversified Utilities and Independent Power Producers (IPPs) across North America. Despite the slight reduction, the analyst maintains an Equal Weight rating on Idacorp's shares.
The firm noted that utilities demonstrated strong performance compared to the S&P in March. However, as the first quarter progresses, expectations for significant financial updates remain low. Investors might instead focus on potential risks associated with tariff changes as the key area of interest.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Idacorp Inc (IDA, Financial) is $126.00 with a high estimate of $135.00 and a low estimate of $121.00. The average target implies an upside of 7.63% from the current price of $117.07. More detailed estimate data can be found on the Idacorp Inc (IDA) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Idacorp Inc's (IDA, Financial) average brokerage recommendation is currently 1.9, 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 Idacorp Inc (IDA, Financial) in one year is $114.74, suggesting a downside of 1.99% from the current price of $117.07. 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 Idacorp Inc (IDA) Summary page.
