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ALLETE (ALE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ALE Stock Forecast

ALLETE (ALE) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $58.00, with a high of $58.00 and a low of $58.00. This represents a -11.25% decline from the last price of $65.35.

$56 $58 $60 $62 $64 $66 High: $58 Avg: $58 Low: $58 Last Closed Price: $65.35

ALE Stock Rating

ALLETE stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (66.67%), 4 Hold (33.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 4 8 0 Strong Sell Sell Hold Buy Strong Buy

ALE Forecast vs Benchmarks

TypeNameUpside
StockALLETE-11.25%
SectorUtilities Stocks11.08%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$65.35$65.35$65.35
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-13--4
Dec, 24-13--4
Nov, 24-141-6
Oct, 241151-8
Sep, 241151-8
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 22, 2024Shahriar PourrezaGuggenheim$58.00$59.34-2.26%-11.25%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 22, 2024GuggenheimNeutralupgrade
Oct 04, 2023Wells FargoEqual-WeightEqual-Weighthold
Apr 06, 2023Keefe, Bruyette & WoodsUnderperformdowngrade
Nov 14, 2022Bank of America SecuritiesBuyupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$3.36$3.23$2.50$4.31-----
Avg Forecast$3.35$3.14$3.70$4.24$3.70$3.98$4.39$4.79$5.30
High Forecast$3.27$3.06$3.58$4.06$3.53$3.81$4.21$4.78$5.07
Low Forecast$3.49$3.27$3.91$4.58$3.99$4.29$4.64$4.80$5.72
Surprise %0.30%2.87%-32.43%1.65%-----

Revenue Forecast

$1B $1B $2B $2B $2B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.17B$1.42B$1.57B$1.88B-----
Avg Forecast$1.17B$1.29B$1.51B$1.77B$1.56B$1.63B$1.74B$1.83B$1.99B
High Forecast$1.15B$1.27B$1.47B$1.71B$1.51B$1.57B$1.70B$1.77B$1.92B
Low Forecast$1.21B$1.34B$1.57B$1.88B$1.66B$1.73B$1.79B$1.95B$2.11B
Surprise %-0.06%9.73%4.28%6.26%-----

Net Income Forecast

$100M $150M $200M $250M $300M $350M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$174.20M$169.20M$131.30M$247.10M-----
Avg Forecast$153.93M$179.51M$212.30M$247.10M$215.89M$236.00M$264.67M$274.95M$304.22M
High Forecast$123.15M$143.61M$205.36M$197.68M$202.90M$218.51M$241.74M$274.37M$290.98M
Low Forecast$184.72M$215.41M$224.54M$296.52M$228.88M$246.48M$266.55M$275.52M$328.24M
Surprise %13.17%-5.74%-38.15%------

ALE Forecast FAQ

Is ALLETE stock a buy?

ALLETE stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 4 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that ALLETE is a favorable investment for most analysts.

What is ALLETE's price target?

ALLETE's price target, set by 12 Wall Street analysts, averages $58 over the next 12 months. The price target range spans from $58 at the low end to $58 at the high end, suggesting a potential -11.25% change from the previous close price of $65.35.

How does ALLETE stock forecast compare to the average forecast of its sector, industry, and investment themes?

ALLETE stock forecast shows a -11.25% downside, underperforming the average forecast for the utilities stocks sector (11.08%).

What is the breakdown of analyst ratings for ALLETE over the past three months?

  • January 2025: 0% Strong Buy, 25.00% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 25.00% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 0% Strong Buy, 16.67% Buy, 66.67% Hold, 16.67% Sell, 0% Strong Sell.

What is ALLETE’s EPS forecast?

ALLETE's average annual EPS forecast for its fiscal year ending in December is 3.7 for 2024, a -14.15% decrease from the reported $4.31 in 2023. The prediction for 2025 is $3.98, $4.39 for 2026, $4.79 for 2027, and $5.3 for 2028.

What is ALLETE’s revenue forecast?

ALLETE's average annual revenue forecast for its fiscal year ending in December is $1.56B for 2024, a -16.78% decrease from the reported $1.88B in 2023. The forecast for 2025 is $1.63B, $1.74B for 2026, $1.83B for 2027, and $1.99B for 2028.

What is ALLETE’s net income forecast?

For its fiscal year ending in December, ALLETE's average annual net income forecast is $215.89M for 2024, reflecting a -12.63% decrease from the reported $247.1M in 2023. The projection for 2025 is $236M, $264.67M for 2026, $274.95M for 2027, and $304.22M for 2028.