NiSource (NI) Stock Forecast & Price Target

$33.20

-0.20 (-0.60%)

(As of 09/6/2024 ET)

NiSource - 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

Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for NiSource in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 5 have given a buy rating for NI.

Consensus Price Target

$31.00
-6.63% Downside

High Forecast	$35.00
Average Forecast	$31.00
Low Forecast	$25.00

According to the 5 analysts' twelve-month price targets for NiSource, the average price target is $31.00. The highest price target for NI is $35.00, while the lowest price target for NI is $25.00. The average price target represents a forecasted downside of -6.63% from the current price of $33.20.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$31.00	$30.83	$29.50	$30.00
Forecasted Upside	-6.63% Downside	8.55% Upside	8.36% Upside	12.72% Upside

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NI 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.

NI 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.

NiSource Stock vs. The Competition

Type	NiSource	Utilities Companies	S&P 500
Consensus Rating Score	3.00	2.46	2.51
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	-6.63% Downside	71.40% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/13/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$34.00 ➝ $35.00	+10.90%
8/8/2024	Evercore ISI 2 of 5 stars	Boost Target	Outperform ➝ Outperform	$32.00 ➝ $34.00	+9.47%
7/16/2024	BMO Capital Markets 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$31.00 ➝ $32.00	+7.64%
7/11/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$33.00	+12.98%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$30.00 ➝ $27.00	+8.91%
10/6/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$25.00	+4.91%
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6/22/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$32.00 ➝ $31.00	+12.73%
6/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$31.00	+15.80%
12/14/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$31.00	+11.19%
11/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$27.00	+8.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:59 PM ET.

NI Forecast - Frequently Asked Questions

What is NiSource's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for NiSource is $31.00, with a high forecast of $35.00 and a low forecast of $25.00.
Should I buy or sell NiSource stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NiSource in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NI shares.
Does NiSource's stock price have much upside?: According to analysts, NiSource's stock has a predicted upside of 8.06% based on their 12-month stock forecasts.
What analysts cover NiSource?: NiSource has been rated by research analysts at Barclays, BMO Capital Markets, Evercore ISI, and Mizuho in the past 90 days.
Do Wall Street analysts like NiSource more than its competitors?: Analysts like NiSource more than other "utilities" companies. The consensus rating for NiSource is Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how NI compares to other companies.