Xcel Energy (XEL) Stock Forecast & Price Target

$64.57

+0.59 (+0.92%)

(As of 09/27/2024 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 14 Analyst Ratings

Sell
0

Hold
7

Buy
7

Based on 14 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 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for XEL.

Consensus Price Target

$64.14
-0.66% Downside

According to the 14 analysts' twelve-month price targets for Xcel Energy, the average price target is $64.14. The highest price target for XEL is $73.00, while the lowest price target for XEL is $57.00. The average price target represents a forecasted downside of -0.66% from the current price of $64.57.

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XEL Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
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)	4 Buy rating(s)
Hold	7 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$64.14	$62.92	$62.00	$66.29
Forecasted Upside	-0.66% Downside	2.49% Upside	16.08% Upside	15.84% 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	2.50	2.43	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-0.66% Downside	15.71% Upside	6.13% 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
9/25/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$68.00 ➝ $73.00	+13.65%
9/20/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$66.00 ➝ $67.00	+4.04%
9/19/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Hold	$70.00	+9.27%
9/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$65.00 ➝ $66.00	+2.20%
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%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$57.00 ➝ $63.00	+5.95%
Get the Latest News and Ratings for XEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Xcel Energy and its competitors with MarketBeat's FREE daily newsletter.
4/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$56.00 ➝ $57.00	+5.93%
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%
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$68.00	-0.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:27 AM 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 Thursday, September 19, 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 consistently increased its dividend, providing investors with a steady income stream. As of today, the dividend yield stands at 3.51%, offering attractive returns compared to other investment options.
Analysts have given Xcel Energy Inc. a "Moderate Buy" rating with a consensus price target of $62.92, indicating potential for stock price appreciation in the near future.
Xcel Energy Inc. has a strong market capitalization of $34.74 billion, reflecting the company's stability and long-term growth potential.
The company's recent quarterly earnings report showed resilience with an EPS of $0.54, demonstrating consistent profitability even in challenging market conditions.
Xcel Energy Inc. has a diversified business model operating in regulated electric and natural gas utilities, reducing exposure to market volatility and providing stable revenue streams.

Xcel Energy
Bear Case

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

The stock price of Xcel Energy Inc. has been relatively stable, trading at $62.52 as of today. Limited price volatility may deter investors seeking high-growth opportunities.

XEL Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Xcel Energy is $64.14, with a high forecast of $73.00 and a low forecast of $57.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" XEL shares.
: According to analysts, Xcel Energy's stock has a predicted downside of -0.66% based on their 12-month stock forecasts.
: Over the previous 90 days, Xcel Energy's stock had 1 upgrade by analysts.
: Xcel Energy has been rated by research analysts at Argus, 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.