In a recent update, Morgan Stanley has raised its price target for PSEG (PEG, Financial) from $100 to $102, while maintaining an Overweight rating on the utility company's shares. This adjustment is part of a broader review of price targets for Regulated & Diversified Utilities and Independent Power Producers (IPPs) across North America.
The firm highlighted that utility companies have shown resilience, outperforming the S&P 500 index in March. As we progress into the first quarter, Morgan Stanley anticipates it will be relatively quiet regarding significant financial announcements. Thus, attention will likely shift to potential tariff risks as a critical area of interest for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Public Service Enterprise Group Inc (PEG, Financial) is $87.84 with a high estimate of $100.00 and a low estimate of $72.11. The average target implies an upside of 5.53% from the current price of $83.24. More detailed estimate data can be found on the Public Service Enterprise Group Inc (PEG) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Public Service Enterprise Group Inc's (PEG, 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 Public Service Enterprise Group Inc (PEG, Financial) in one year is $71.98, suggesting a downside of 13.53% from the current price of $83.24. 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 Public Service Enterprise Group Inc (PEG) Summary page.
