PPL (PPL) Stock Forecast & Price Target

$31.56

-1.00 (-3.07%)

(As of 11/1/2024 ET)

PPL - 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 10 Analyst Ratings

Sell
0

Hold
2

Buy
8

Based on 10 Wall Street analysts who have issued ratings for PPL in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for PPL.

Consensus Price Target

$35.40
12.17% Upside

According to the 10 analysts' twelve-month price targets for PPL, the average price target is $35.40. The highest price target for PPL is $52.00, while the lowest price target for PPL is $28.00. The average price target represents a forecasted upside of 12.17% from the current price of $31.56.

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PPL Analyst Ratings Over Time

Type	Current Forecast 11/3/23 to 11/2/24	1 Month Ago 10/4/23 to 10/3/24	3 Months Ago 8/5/23 to 8/4/24	1 Year Ago 11/3/22 to 11/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$35.40	$33.75	$32.36	$29.88
Forecasted Upside	12.17% Upside	3.05% Upside	5.63% Upside	17.76% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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PPL 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.

PPL 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.

PPL Stock vs. The Competition

Type	PPL	Utilities Companies	S&P 500
Consensus Rating Score	2.80	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	12.17% Upside	21.36% Upside	10.56% Upside
News Sentiment Rating	Neutral News See Recent PPL News	Neutral 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
10/25/2024	JPMorgan Chase & Co. 3 of 5 stars	Initiated Coverage	Overweight	$37.00	+12.56%
10/21/2024	Barclays 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$30.00 ➝ $34.00	+3.94%
9/19/2024	Jefferies Financial Group 2 of 5 stars	Initiated Coverage	Buy	$38.00	+19.55%
9/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$35.00 ➝ $37.00	+12.91%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$33.00 ➝ $34.00	+8.21%
8/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$31.00 ➝ $33.00	+4.04%
Get the Latest News and Ratings for PPL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PPL and its competitors with MarketBeat's FREE daily newsletter.
5/2/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$27.00 ➝ $28.00
4/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$30.00 ➝ $31.00	+16.10%
3/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$30.00	+11.63%
12/20/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$52.00	+94.90%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$31.00 ➝ $27.00	+14.65%
10/5/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$42.00	+84.05%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$29.00 ➝ $25.00	+8.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:22 AM ET.

Should I Buy PPL Stock? PPL 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 Saturday, October 26, 2024. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL
Bull Case

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

PPL Co. has seen an increase in institutional investor interest, indicating confidence in the company's future prospects.
Recent analyst ratings have been positive, with several analysts giving a "buy" or "overweight" rating to PPL Co.'s stock.
Point72 Asset Management L.P. significantly increased its stake in PPL Co., suggesting a strong belief in the company's growth potential.
PPL Co.'s stock price has been trading up recently, showing positive momentum in the market.
Clearbridge Investments LLC raised its stake in PPL Co., signaling a vote of confidence in the company's performance.

PPL
Bear Case

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

PPL Co. has a debt-to-equity ratio of 1.12, which may indicate higher financial leverage and potential risks.
The stock price of PPL Co. has experienced fluctuations, which could lead to uncertainty for investors.
While some analysts have given positive ratings, there are still hold ratings on the stock, suggesting mixed opinions on its future performance.
PPL Co.'s trading volume has not been consistently high, which may impact liquidity and price stability.
The company's quick ratio of 0.91 and current ratio of 1.11 may raise concerns about its short-term liquidity position.

PPL Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for PPL is $35.40, with a high forecast of $52.00 and a low forecast of $28.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PPL shares.
: According to analysts, PPL's stock has a predicted upside of 12.17% based on their 12-month stock forecasts.
: PPL has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Company in the past 90 days.
: Analysts like PPL more than other "utilities" companies. The consensus rating score for PPL is 2.80 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how PPL compares to other companies.

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This page (NYSE:PPL) was last updated on 11/2/2024 by MarketBeat.com Staff

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PPL (PPL) Stock Forecast & Price Target