Constellation Energy (CEG) Stock Forecast & Price Target

$260.02

+3.02 (+1.18%)

(As of 09/30/2024 ET)

Constellation 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 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Constellation Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, and 8 have given a buy rating for CEG.

Consensus Price Target

$264.42
1.69% Upside

According to the 13 analysts' twelve-month price targets for Constellation Energy, the average price target is $264.42. The highest price target for CEG is $313.00, while the lowest price target for CEG is $189.00. The average price target represents a forecasted upside of 1.69% from the current price of $260.02.

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CEG Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
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)	8 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$264.42	$224.36	$231.11	$98.92
Forecasted Upside	1.69% Upside	14.06% Upside	10.02% Upside	-5.55% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CEG 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.

CEG 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.

Constellation Energy Stock vs. The Competition

Type	Constellation Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.62	2.60	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	1.69% Upside	213.04% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent CEG 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$265.00 ➝ $279.00	+8.56%
9/24/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$208.00 ➝ $263.00	+1.74%
9/24/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$246.00 ➝ $278.00	+9.22%
9/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Campanella Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$211.00 ➝ $280.00	+10.80%
9/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $307.00	+21.48%
9/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$212.00 ➝ $254.00	-0.56%
Get the Latest News and Ratings for CEG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Constellation Energy and its competitors with MarketBeat's FREE daily newsletter.
9/23/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$183.00 ➝ $256.00	+0.57%
9/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$250.00 ➝ $300.00	+12.31%
9/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$233.00 ➝ $313.00	+22.75%
9/20/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$214.00 ➝ $214.00	-14.18%
8/14/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$217.00 ➝ $189.00	+2.53%
7/19/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$240.00	+28.15%
11/29/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Storozynski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
4/24/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$110.00 ➝ $97.00	+26.62%
2/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$91.00 ➝ $83.00	+3.27%
10/4/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$94.00 ➝ $98.00	+9.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:33 AM ET.

Should I Buy Constellation Energy Stock? CEG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Constellation Energy pros and cons to contact@marketbeat.com.

Constellation Energy
Bull Case

Here are some ways that investors could benefit from investing in Constellation Energy Co.:

Constellation Energy Co. has shown a strong 52-week performance with a positive return of 27.29%, indicating potential growth.
The company has a high institutional ownership percentage of 84.74%, suggesting confidence from institutional investors.
Constellation Energy Co. offers a diverse range of energy-related products and sustainable solutions, tapping into the growing demand for clean energy.
With a current stock price of $113.69 on record date 10/15/2023, the company's shares may be considered undervalued based on its potential for growth.
Recent developments in the energy sector have increased the focus on renewable energy sources, positioning Constellation Energy Co. well for future opportunities.

Constellation Energy
Bear Case

Investors should be bearish about investing in Constellation Energy Co. for these reasons:

Constellation Energy Co. has experienced a decrease in short percentage of float, which may indicate reduced market interest or potential challenges ahead.
The month-to-month change percentage in shares shorted is -8.92%, suggesting some investors are betting against the company's performance.
The outstanding shares information is not available, which may raise concerns about transparency and clarity regarding the company's capital structure.
The company's average daily volume of 1,690,000 shares may indicate lower liquidity compared to other stocks, potentially impacting trading opportunities.
While Constellation Energy Co. operates in multiple power regions, the industry's regulatory environment and competition pose risks to its revenue and profitability.

CEG Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Constellation Energy is $264.42, with a high forecast of $313.00 and a low forecast of $189.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Constellation Energy in the last twelve months. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CEG shares.
: According to analysts, Constellation Energy's stock has a predicted upside of 1.69% based on their 12-month stock forecasts.
: Constellation Energy has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Constellation Energy more than other "oils/energy" companies. The consensus rating score for Constellation Energy is 2.62 while the average consensus rating score for "oils/energy" companies is 2.60. Learn more on how CEG compares to other companies.

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This page (NASDAQ:CEG) was last updated on 10/1/2024 by MarketBeat.com Staff

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