Duke Energy (DUK) Stock Forecast & Price Target

$114.05

-1.71 (-1.48%)

(As of 10/4/2024 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

$118.21
3.65% Upside

According to the 13 analysts' twelve-month price targets for Duke Energy, the average price target is $118.21. The highest price target for DUK is $138.00, while the lowest price target for DUK is $93.00. The average price target represents a forecasted upside of 3.65% from the current price of $114.05.

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DUK Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
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)	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$118.21	$113.92	$102.33	$99.17
Forecasted Upside	3.65% Upside	-2.33% Downside	1.69% Upside	14.09% 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	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.65% Upside	18.32% Upside	7.02% 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
10/1/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$102.00 ➝ $118.00	+1.64%
9/30/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$121.00 ➝ $125.00	+7.79%
9/25/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$114.00 ➝ $120.00	+3.15%
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%
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%
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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%
4/5/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$89.00 ➝ $99.00	+3.00%
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
10/12/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$114.00 ➝ $94.00	+4.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:17 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 Tuesday, October 1, 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 consistently increased its dividend over time, providing investors with a reliable income stream. As of the recent dividend increase, the annualized dividend yield is 3.61%, which is attractive for income-oriented investors.
Recent analyst ratings on Duke Energy Co. have been positive, with a consensus rating of "Moderate Buy" and an average price target of $116.79, indicating potential for stock price appreciation.
The company's strong financial performance, with a return on equity of 9.71% and a net margin of 14.29%, demonstrates its ability to generate profits and efficiently manage its operations.
Duke Energy Co.'s stock price has been trading above its 50-day and 200-day moving averages, indicating positive momentum in the stock's performance.
With a market capitalization of $89.53 billion, Duke Energy Co. is a large and established player in the energy sector, providing stability and long-term growth potential for investors.

Duke Energy
Bear Case

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

The stock's price-to-earnings ratio (PE ratio) of 29.14 and price-to-earnings-growth ratio of 3.22 may indicate that the stock is currently overvalued, potentially limiting short-term upside for investors.
Duke Energy Co.'s debt-to-equity ratio of 1.56 is relatively high, which could pose risks in terms of financial leverage and interest rate sensitivity, impacting the company's financial health.
While the company has a history of increasing dividends, the high dividend payout ratio of 105.03% suggests that Duke Energy Co. may be distributing more in dividends than it earns, which could be unsustainable in the long run.
Market analysts have issued a mix of hold and buy ratings on Duke Energy Co., indicating some uncertainty about the stock's future performance and potential for significant growth.
Given the beta of 0.47, Duke Energy Co.'s stock may have lower volatility compared to the market, potentially limiting opportunities for aggressive growth investors seeking higher returns.

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 $118.21, with a high forecast of $138.00 and a low forecast of $93.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Duke 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" DUK shares.
: According to analysts, Duke Energy's stock has a predicted upside of 3.65% based on their 12-month stock forecasts.
: Duke Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Duke Energy more than other "utilities" companies. The consensus rating for Duke Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how DUK compares to other companies.