Xcel Energy (XEL) Stock Forecast & Price Target

$71.35 -0.03 (-0.04%)

(As of 11/22/2024 ET)

Xcel 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
6

Buy
7

Based on 13 Wall Street analysts who have issued ratings for Xcel Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for XEL.

Consensus Price Target

$66.31
-7.07% Downside

According to the 13 analysts' twelve-month price targets for Xcel Energy, the average price target is $66.31. The highest price target for XEL is $76.00, while the lowest price target for XEL is $58.00. The average price target represents a forecasted downside of -7.07% from the current price of $71.35.

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XEL Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.31	$65.29	$62.45	$64.55
Forecasted Upside	-7.07% Downside	0.27% Upside	3.88% Upside	6.65% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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XEL 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.

XEL 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.

Xcel Energy Stock vs. The Competition

Type	Xcel Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.54	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-7.07% Downside	21.34% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent XEL 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
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$74.00 ➝ $72.00	+0.67%
11/1/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$69.00 ➝ $74.00	+9.86%
11/1/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$71.00 ➝ $76.00	+13.76%
10/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$57.00 ➝ $67.00	+4.57%
10/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$63.00 ➝ $66.00	+3.61%
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$66.00 ➝ $67.00	+4.04%
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8/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Hovis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$68.00	+13.11%
4/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$63.00 ➝ $66.00	+21.15%
4/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$54.00 ➝ $59.00	+8.90%
3/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$68.00 ➝ $59.00	+13.77%
3/11/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$58.00	+13.68%
1/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$67.00 ➝ $68.00	+14.63%
12/18/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$59.00 ➝ $62.00	+0.44%
10/24/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$69.00 ➝ $62.00	+5.21%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$75.00	+16.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:15 PM ET.

Should I Buy Xcel Energy Stock? XEL 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 Friday, November 22, 2024. Please send any questions or comments about these Xcel Energy pros and cons to contact@marketbeat.com.

Xcel Energy
Bull Case

Here are some ways that investors could benefit from investing in Xcel Energy Inc.:

Xcel Energy Inc. has recently seen a significant increase in institutional investment, with Massachusetts Financial Services Co. MA acquiring an additional 892,740 shares, indicating strong confidence in the company's future performance.
The current stock price of Xcel Energy Inc. is $71.30, reflecting a robust market position and potential for further growth, especially given its recent trading activity.
Analysts have a consensus rating of "Moderate Buy" for Xcel Energy Inc., with a price target averaging around $66.38, suggesting that the stock is expected to perform well in the near future.
The company reported a net margin of 13.67% and a return on equity of 10.76%, which are indicators of efficient management and profitability, making it an attractive option for investors seeking stable returns.
Xcel Energy Inc. operates in the regulated utility sector, which typically offers more stability and less volatility compared to other sectors, providing a safer investment environment.

Xcel Energy
Bear Case

Investors should be bearish about investing in Xcel Energy Inc. for these reasons:

The company recently reported earnings per share of $1.25, which was slightly below the consensus estimate of $1.26, indicating potential challenges in meeting market expectations.
Xcel Energy Inc. experienced a revenue decline of 0.5% compared to the same quarter last year, which may raise concerns about its growth trajectory and ability to generate increasing sales.
With a debt-to-equity ratio of 1.42, Xcel Energy Inc. has a relatively high level of debt compared to its equity, which could pose risks in times of rising interest rates or economic downturns.
The company's quick ratio of 0.82 and current ratio of 0.93 suggest that it may face challenges in meeting short-term liabilities, which could impact its financial stability.
Despite a strong market cap of approximately $40.94 billion, the stock's price-to-earnings (P/E) ratio of 20.79 may indicate that it is overvalued compared to its earnings, which could deter value-focused investors.

XEL Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Xcel Energy is $66.31, with a high forecast of $76.00 and a low forecast of $58.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" XEL shares.
: According to analysts, Xcel Energy's stock has a predicted downside of -7.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Xcel Energy's stock had 2 upgrades by analysts.
: Xcel Energy has been rated by research analysts at Argus, Barclays, Jefferies Financial Group, KeyCorp, Morgan Stanley, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Xcel Energy more than other "utilities" companies. The consensus rating for Xcel Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how XEL compares to other companies.

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This page (NASDAQ:XEL) was last updated on 11/23/2024 by MarketBeat.com Staff

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Xcel Energy (XEL) Stock Forecast & Price Target