PG&E (PCG) Stock Forecast & Price Target

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$17.46

-0.01 (-0.06%)

(As of 06/28/2024 ET)

PG&E - 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 8 Analyst Ratings

Consensus Price Target

$20.11
15.18% Upside

High Forecast	$23.00
Average Forecast	$20.11
Low Forecast	$16.00

Type	Current Forecast 7/1/23 to 6/30/24	1 Month Ago 6/1/23 to 5/31/24	3 Months Ago 4/2/23 to 4/1/24	1 Year Ago 7/1/22 to 7/1/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.11	$19.75	$18.72	$18.28
Forecasted Upside	15.18% Upside	15.24% Upside	12.54% Upside	18.82% Upside

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PCG 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.

PCG 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.

PG&E Stock vs. The Competition

Type	PG&E	Utilities Companies	S&P 500
Consensus Rating Score	2.75	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	15.18% Upside	68.27% Upside	11.50% Upside
News Sentiment Rating	Positive 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	Action	Rating	Price Target	Upside/Downside on Report Date
6/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$18.00 ➝ $17.00	-4.01%
6/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$22.00 ➝ $21.00	+16.86%
6/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$19.00 ➝ $21.00	+15.13%
6/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$19.00 ➝ $22.00	+21.88%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$21.00 ➝ $23.00	+24.66%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$21.00	+23.53%
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10/23/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	In-Line	$16.00	+0.69%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$21.00 ➝ $19.00	+22.34%
8/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$19.00 ➝ $21.00	+22.95%
5/30/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$20.00 ➝ $21.00	+27.12%
4/3/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$20.50	+26.78%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$18.00 ➝ $19.00	+23.62%
1/3/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$17.00	+6.12%
12/14/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$20.00	+22.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:30 PM ET.

PCG Forecast - Frequently Asked Questions

What is PG&E's stock forecast and purchase recommendation?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for PG&E is $20.11, with a high forecast of $23.00 and a low forecast of $16.00. The consensus rating for PG&E stock is Moderate Buy based on the current 2 hold ratings and 6 buy ratings for PCG. Learn more on PCG's analyst rating history.
Do Wall Street analysts like PG&E more than its competitors?: Analysts like PG&E more than other "utilities" companies. The consensus rating for PG&E is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PCG compares to other companies.
Is PG&E being upgraded by Wall Street analysts?: Over the previous 90 days, PG&E's stock had 1 upgrade by analysts.

Does PG&E's stock price have much upside?: According to analysts, PG&E's stock has a predicted upside of 15.38% based on their 12-month stock forecasts.
What analysts cover PG&E?: PG&E has been rated by research analysts at Barclays, Citigroup, JPMorgan Chase & Co., Mizuho, Morgan Stanley, and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:PCG) was last updated on 6/30/2024 by MarketBeat.com Staff

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PG&E (PCG) Stock Forecast & Price Target

PG&E - Analysts' Recommendations and Stock Price Forecast (2024)

Consensus Rating

Consensus Price Target

PCG Analyst Recommendations By Month

PCG Price Targets by Month

PG&E Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

PCG Forecast - Frequently Asked Questions

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PG&E (PCG) Stock Forecast & Price Target

PG&E - Analysts' Recommendations and Stock Price Forecast (2024)

Consensus Rating

Consensus Price Target

PCG Analyst Recommendations By Month

PCG Price Targets by Month

PG&E Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

PCG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools