Notice: This company has been marked as potentially delisted and may not be actively trading. PNM Resources (PNM) Stock Forecast & Price Target Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsDividendEarningsHeadlinesOwnershipShort InterestSustainabilityTrends Get the Latest News and Ratings for PNM and Related Stocks Enter your email address to receive the latest news and analysts' ratings for PNM Resources and its competitors. Enter your email to sign up for newsletter Sign Up PNM Analyst Ratings Over TimeTypeCurrent Forecast10/18/23 to 10/17/241 Month Ago9/18/23 to 9/17/243 Months Ago7/20/23 to 7/19/241 Year Ago10/18/22 to 10/18/23Strong Buy0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy2 Buy rating(s)2 Buy rating(s)2 Buy rating(s)2 Buy rating(s)Hold2 Hold rating(s)3 Hold rating(s)3 Hold rating(s)2 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price Target$42.50$44.20$43.40$51.08Forecasted UpsideN/A5.82% Upside9.13% Upside14.96% UpsideConsensus RatingModerate BuyHoldHoldModerate Buy Retire off just one stock ticker? (Ad)ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $15...Click here for the ticker >>> PNM Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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.Skip Chart & View Analyst Rating History PNM Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table PNM Resources Stock vs. The CompetitionTypePNM ResourcesUtilities CompaniesS&P 500Consensus Rating Score 2.50 2.49 2.50Consensus RatingModerate BuyHoldHoldPredicted UpsideN/A16.09% Upside6.35% UpsideNews Sentiment RatingNeutral NewsSee Recent PNM NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails8/1/2024Wells Fargo & Company3 of 5 stars Boost TargetOverweight ➝ Overweight$41.00 ➝ $46.00+10.18%7/22/2024Barclays3 of 5 stars Boost TargetOverweight ➝ Overweight$43.00 ➝ $45.00+13.15%5/30/2024Evercore ISI2 of 5 starsM. LoneganSubscribe to MarketBeat All Access for the recommendation accuracy ratingInitiated CoverageIn-Line$38.00+3.88%1/3/2024MizuhoSubscribe to MarketBeat All Access for the recommendation accuracy rating DowngradeBuy ➝ Neutral$41.00+4.83%9/18/2023CitigroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingNeutral ➝ Neutral$51.00+16.81%5/16/2023Siebert Williams ShankSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeHold ➝ Buy$53.00 ➝ $55.00+20.96%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:15 AM ET. PNM Forecast - Frequently Asked Questions What is PNM Resources' forecast for 2024? According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for PNM Resources is $42.50, with a high forecast of $46.00 and a low forecast of $38.00. Should I buy or sell PNM Resources stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PNM shares. Does PNM Resources's stock price have much upside? According to analysts, PNM Resources's stock has a predicted upside of ∞ based on their 12-month stock forecasts. What analysts cover PNM Resources? PNM Resources has been rated by research analysts at Barclays, and Wells Fargo & Company in the past 90 days. Do Wall Street analysts like PNM Resources more than its competitors? Analysts like PNM Resources more than other "utilities" companies. The consensus rating for PNM Resources is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PNM compares to other companies. Stock Forecasts and Research Tools Related Companies: PNW Stock Forecast OGE Stock Forecast IDA Stock Forecast POR Stock Forecast ALE Stock Forecast MGEE Stock Forecast HE Stock Forecast ARRY Stock Forecast UTL Stock Forecast NEE Stock Forecast Today's Ratings: U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top Rated Stocks: Top Rated Stocks Top Rated Dividend Stocks Top Rated Small-Cap Stocks Top Rated Tech Stocks Most Upgraded Stocks Most Downgraded Stocks Lowest Rated Stocks More Ratings Tools: Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter Don’t Miss Out! Get 2 Hot AI Stocks for Under $10/Share 🚀 (Ad)Artificial Intelligence (AI) stocks are booming, and now is your chance to get in on the action — without breaking the bank! 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