Duke Energy (DUK) Stock Forecast & Price Target

$117.48 +0.44 (+0.38%)

(As of 09:04 AM ET)

Duke 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 Duke 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 DUK.

Consensus Price Target

$121.69
3.59% Upside

According to the 13 analysts' twelve-month price targets for Duke Energy, the average price target is $121.69. The highest price target for DUK is $138.00, while the lowest price target for DUK is $113.00. The average price target represents a forecasted upside of 3.59% from the current price of $117.48.

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DUK Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 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	$121.69	$121.85	$113.92	$98.55
Forecasted Upside	3.59% Upside	4.09% Upside	0.83% Upside	8.10% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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DUK 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.

DUK 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.

Duke Energy Stock vs. The Competition

Type	Duke Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.54	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.97% Upside	21.75% Upside	6.71% Upside
News Sentiment Rating	Positive News See Recent DUK 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	$122.00 ➝ $118.00	+2.52%
10/22/2024	KeyCorp 3 of 5 stars	S. Karp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
10/15/2024	Mizuho 2 of 5 stars	A. Crowdell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$116.00 ➝ $121.00	+5.09%
10/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$102.00 ➝ $118.00	+1.64%
9/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$138.00	+19.85%
9/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$120.00 ➝ $126.00	+7.95%
Get the Latest News and Ratings for DUK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Duke Energy and its competitors with MarketBeat's FREE daily newsletter.
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$116.00 ➝ $118.00	+4.91%
8/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$135.00 ➝ $135.00	+20.60%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$104.00 ➝ $113.00	+0.26%
8/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$102.00 ➝ $113.00	+0.36%
8/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$111.00 ➝ $120.00	+6.86%
8/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$110.00 ➝ $122.00	+6.59%
8/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$108.00 ➝ $115.00	+1.45%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$102.00 ➝ $93.00	+6.57%
3/17/2023	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	Upgrade	Sell ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:37 AM ET.

Should I Buy Duke Energy Stock? DUK 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 Duke Energy pros and cons to contact@marketbeat.com.

Duke Energy
Bull Case

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

Duke Energy Co. has a strong market capitalization of approximately $85.95 billion, indicating a robust financial position and stability in the utilities sector.
The company recently declared a quarterly dividend of $1.045 per share, which translates to an annualized dividend yield of 3.76%. This consistent dividend payment can provide a reliable income stream for investors.
Recent analyst ratings show a consensus of "Moderate Buy" with an average target price of $121.85, suggesting potential for price appreciation from the current stock price of $111.27.
Duke Energy Co. reported a revenue increase of 2.1% compared to the same quarter last year, demonstrating growth in its operations and resilience in its business model.
The company has a diversified operational structure, functioning through Electric Utilities and Gas Utilities segments, which can help mitigate risks associated with market fluctuations in a single sector.

Duke Energy
Bear Case

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

The company missed analysts' consensus earnings estimates by $0.11, reporting $1.62 earnings per share instead of the expected $1.73, which may raise concerns about its profitability.
Duke Energy Co. has a relatively high debt-to-equity ratio of 1.55, indicating that the company relies significantly on debt financing, which can pose risks during economic downturns.
Despite a recent increase in revenue, the company's net margin stands at 14.31%, which may suggest limited profitability compared to its peers in the utilities sector.
Recent downgrades from analysts, such as KeyCorp lowering its rating from "overweight" to "sector weight," could indicate a shift in market sentiment towards the stock.
The stock has experienced volatility, with a 1-year low of $88.27 and a high of $121.25, which may deter risk-averse investors looking for stable investments.

DUK Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Duke Energy is $121.69, with a high forecast of $138.00 and a low forecast of $113.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Duke Energy in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DUK shares.
: According to analysts, Duke Energy's stock has a predicted upside of 3.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Duke Energy's stock had 1 upgrade and 1 downgrade by analysts.
: Duke Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, and Royal Bank of Canada in the past 90 days.
: Analysts like Duke Energy more than other "utilities" companies. The consensus rating score for Duke Energy is 2.54 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how DUK compares to other companies.

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This page (NYSE:DUK) was last updated on 11/27/2024 by MarketBeat.com Staff

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Duke Energy (DUK) Stock Forecast & Price Target