PG&E (PCG) Stock Forecast & Price Target

$20.13

+0.36 (+1.82%)

(As of 02:46 PM ET)

PG&E - 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 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for PG&E in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for PCG.

Consensus Price Target

$21.45
6.58% Upside

High Forecast	$26.00
Average Forecast	$21.45
Low Forecast	$16.00

According to the 10 analysts' twelve-month price targets for PG&E, the average price target is $21.45. The highest price target for PCG is $26.00, while the lowest price target for PCG is $16.00. The average price target represents a forecasted upside of 6.58% from the current price of $20.13.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
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	8 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$21.45	$20.44	$20.22	$19.14
Forecasted Upside	6.58% Upside	16.31% Upside	15.59% Upside	16.73% Upside

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PCG 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.

PCG 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.

PG&E Stock vs. The Competition

Type	PG&E	Utilities Companies	S&P 500
Consensus Rating Score	2.80	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	8.52% Upside	68.21% Upside	8.62% Upside
News Sentiment Rating	Neutral 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
9/12/2024	Bank of America 4 of 5 stars	Initiated Coverage	Buy	$24.00	+21.27%
9/3/2024	UBS Group 4 of 5 stars	Boost Target	Buy ➝ Buy	$24.00 ➝ $26.00	+30.39%
8/23/2024	Morgan Stanley 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$18.00 ➝ $19.00	+1.33%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$22.00 ➝ $23.00	+25.82%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$21.00 ➝ $22.00	+22.09%
6/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$19.00 ➝ $21.00	+15.13%
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6/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$19.00 ➝ $22.00	+21.88%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$21.00 ➝ $23.00	+24.66%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$21.00	+23.53%
10/23/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	In-Line	$16.00	+0.69%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$21.00 ➝ $19.00	+22.34%
5/30/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$20.00 ➝ $21.00	+27.12%
4/3/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$20.50	+26.78%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$18.00 ➝ $19.00	+23.62%
1/3/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$17.00	+6.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:59 PM ET.

PCG Forecast - Frequently Asked Questions

What is PG&E's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for PG&E is $21.45, with a high forecast of $26.00 and a low forecast of $16.00.
Should I buy or sell PG&E stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCG shares.
Does PG&E's stock price have much upside?: According to analysts, PG&E's stock has a predicted upside of 18.46% based on their 12-month stock forecasts.
What analysts cover PG&E?: PG&E has been rated by research analysts at Bank of America, Barclays, Morgan Stanley, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like PG&E more than its competitors?: Analysts like PG&E more than other "utilities" companies. The consensus rating for PG&E is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PCG compares to other companies.