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PNM Resources (PNM) Stock Forecast & Price Target

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PNM Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$42.50$42.50$44.20$51.08
Forecasted UpsideN/A1.75% Upside5.82% Upside21.29% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy

PNM 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.
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PNM 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.
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PNM Resources Stock vs. The Competition

TypePNM ResourcesUtilities CompaniesS&P 500
Consensus Rating Score
2.50
2.50
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted UpsideN/A23.21% Upside9.81% Upside
News Sentiment Rating
Neutral News

See Recent PNM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/1/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$41.00 ➝ $46.00+10.18%
7/22/2024Barclays
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$43.00 ➝ $45.00+13.15%
5/30/2024Evercore ISI
2 of 5 stars
M. Lonegan
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Initiated CoverageIn-Line$38.00+3.88%
1/3/2024Mizuho
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 DowngradeBuy ➝ Neutral$41.00+4.83%
9/18/2023Citigroup
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 Reiterated RatingNeutral ➝ Neutral$51.00+16.81%
5/16/2023Siebert Williams Shank
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 UpgradeHold ➝ Buy$53.00 ➝ $55.00+20.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:08 AM ET.


PNM Forecast - Frequently Asked Questions

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for PNM Resources is $42.50, with a high forecast of $46.00 and a low forecast of $38.00.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PNM shares.

According to analysts, PNM Resources's stock has a predicted upside of ∞ based on their 12-month stock forecasts.

Analysts like PNM Resources more than other "utilities" companies. The consensus rating for PNM Resources is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PNM compares to other companies.


This page (NYSE:PNM) was last updated on 11/21/2024 by MarketBeat.com Staff
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