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NextEra Energy (NEE) Stock Forecast & Price Target

$80.02
+1.83 (+2.34%)
(As of 05/31/2024 ET)

NextEra Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Consensus Price Target

$72.93
-8.86% Downside
High Forecast$95.00
Average Forecast$72.93
Low Forecast$60.00
TypeCurrent Forecast
6/3/23 to 6/2/24
1 Month Ago
5/4/23 to 5/3/24
3 Months Ago
3/5/23 to 3/4/24
1 Year Ago
6/3/22 to 6/3/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$72.93$71.50$71.85$92.50
Forecasted Upside-8.86% Downside17.77% Upside26.51% Upside20.45% Upside
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NEE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NEE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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NextEra Energy Stock vs. The Competition

TypeNextEra EnergyUtilities CompaniesS&P 500
Consensus Rating Score
2.67
2.44
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside-8.86% Downside63.43% Upside9.98% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/28/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$79.00 ➝ $83.00+7.44%
5/15/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$85.00 ➝ $95.00+25.96%
5/7/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$72.00 ➝ $78.00+8.83%
4/24/2024Mizuho
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 Boost TargetBuy ➝ Buy$67.00 ➝ $71.00+7.28%
4/23/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$61.00 ➝ $67.00+0.27%
4/22/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$69.00 ➝ $73.00+12.07%
4/10/2024Barclays
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 Initiated CoverageEqual Weight$66.00+0.95%
1/30/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$74.00+25.89%
1/22/2024Guggenheim
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 Boost TargetBuy ➝ Buy$70.00 ➝ $80.00+40.80%
12/8/2023Citigroup
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 Initiated CoverageBuy$69.00+15.29%
11/29/2023JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$65.00 ➝ $67.00+15.48%
11/9/2023Seaport Res Ptn
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A. Storozynski
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DowngradeNeutral ➝ Sell
10/20/2023Wolfe Research
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 Lower TargetOverweight ➝ Overweight$79.00 ➝ $60.00+15.47%
10/20/2023Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$80.00 ➝ $66.00+27.02%
10/2/2023The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$83.00 ➝ $72.00+25.68%
3/28/2023Erste Group Bank
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 UpgradeHold ➝ Buy
1/26/2023Credit Suisse Group
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 Lower TargetOutperform$89.00 ➝ $85.00+10.98%
10/20/2022KeyCorp
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 Lower TargetOverweight$93.00 ➝ $89.00+20.86%
9/6/2022UBS Group
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 Lower Target$109.00+24.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:31 AM ET.

NEE Frequently Asked Questions

What is NextEra Energy's stock forecast and purchase recommendation?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for NextEra Energy is $72.93, with a high forecast of $95.00 and a low forecast of $60.00. The consensus rating for NextEra Energy stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings and 11 buy ratings for NEE. Learn more on NEE's analyst rating history.

Do Wall Street analysts like NextEra Energy more than its competitors?

Analysts like NextEra Energy more than other "utilities" companies. The consensus rating for NextEra Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how NEE compares to other companies.

Does NextEra Energy's stock price have much upside?

According to analysts, NextEra Energy's stock has a predicted upside of 15.69% based on their 12-month stock forecasts.

What analysts cover NextEra Energy?

NextEra Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Mizuho, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:NEE) was last updated on 6/2/2024 by MarketBeat.com Staff

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