Morgan Stanley has revised its price target for NextEra Energy (NEE, Financial), increasing it slightly to $95 from the previous $94, while maintaining an Overweight rating on the stock. This update is part of a broader adjustment of price targets for Regulated and Diversified Utilities, as well as Independent Power Producers (IPPs) across North America.
The firm noted that while utilities have surpassed the S&P 500's performance in March, the first quarter is expected to be relatively uneventful for major financial announcements. As a result, investors are likely to concentrate on tariff risks as a primary area of concern during this period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for NextEra Energy Inc (NEE, Financial) is $83.41 with a high estimate of $103.00 and a low estimate of $52.00. The average target implies an upside of 23.56% from the current price of $67.50. More detailed estimate data can be found on the NextEra Energy Inc (NEE) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, NextEra Energy Inc's (NEE, Financial) average brokerage recommendation is currently 2.2, 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 NextEra Energy Inc (NEE, Financial) in one year is $87.57, suggesting a upside of 29.73% from the current price of $67.5. 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 NextEra Energy Inc (NEE) Summary page.
