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ALLETE (ALE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChart

ALE Stock Forecast

ALLETE (ALE) stock forecast, based on 14 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 -10.42% decline from the last price of $64.75.

$56 $57 $58 $59 $60 $61 $62 $63 $64 $65 High: $58 Avg: $58 Low: $58 Last Closed Price: $64.75

ALE Stock Rating

ALLETE stock's rating consensus is Hold, based on 14 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (21.43%), 11 Hold (78.57%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 14 0 11 3 Strong Sell Sell Hold Buy Strong Buy

ALE Price Target Upside V Benchmarks

TypeNameUpside
StockALLETE-10.42%
SectorUtilities Stocks10.00%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$64.75$64.75$64.75
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25-13--4
Mar, 25-13--4
Feb, 25-13--4
Jan, 25-13--4
Dec, 24-13--4
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 22, 2024Shahriar PourrezaGuggenheim$58.00$59.34-2.26%-10.42%
Analyst Rating Forecasts
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$2.35$4.31$3.11----
Avg Forecast$3.35$3.14$3.70$4.24$3.70$3.98$4.39$4.79$5.30
High Forecast$3.49$3.27$3.91$4.58$3.99$4.29$4.64$4.80$5.72
Low Forecast$3.27$3.06$3.58$4.06$3.53$3.81$4.21$4.78$5.07
Surprise %0.30%2.87%-36.49%1.65%-15.95%----

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$1.53B----
Avg Forecast$1.17B$1.29B$1.51B$1.77B$1.56B$1.63B$1.74B$1.83B$1.99B
High Forecast$1.21B$1.34B$1.57B$1.88B$1.66B$1.73B$1.79B$1.95B$2.11B
Low Forecast$1.15B$1.27B$1.47B$1.71B$1.51B$1.57B$1.70B$1.77B$1.92B
Surprise %-0.06%9.73%4.28%6.26%-2.21%----

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$179.30M----
Avg Forecast$153.93M$179.51M$212.30M$247.10M$215.89M$236.00M$264.67M$274.95M$304.22M
High Forecast$184.72M$215.41M$224.54M$296.52M$228.88M$246.48M$266.55M$275.52M$328.24M
Low Forecast$123.15M$143.61M$205.36M$197.68M$202.90M$218.51M$241.74M$274.37M$290.98M
Surprise %13.17%-5.74%-38.15%--16.95%----

ALE Forecast FAQ

Is ALLETE stock a buy?

ALLETE stock has a consensus rating of Hold, based on 14 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 11 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that ALLETE is a neutral investment for most analysts.

What is ALLETE's price target?

ALLETE's price target, set by 14 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 -10.42% change from the previous closing price of $64.75.

How does ALLETE stock forecast compare to its benchmarks?

ALLETE's stock forecast shows a -10.42% downside, underperforming the average forecast for the utilities stocks sector (10.00%).

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

  • April 2025: 0% Strong Buy, 25.00% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 0% Strong Buy, 25.00% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 0% Strong Buy, 25.00% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.

What is ALLETE’s EPS forecast?

ALLETE's average annual EPS forecast for its fiscal year ending in December 2025 is $3.98, marking a 27.97% increase from the reported $3.11 in 2024. Estimates for the following years are $4.39 in 2026, $4.79 in 2027, and $5.3 in 2028.

What is ALLETE’s revenue forecast?

ALLETE's average annual revenue forecast for its fiscal year ending in December 2025 is $1.63B, reflecting a 6.52% increase from the reported $1.53B in 2024. The forecast for 2026 is $1.74B, followed by $1.83B for 2027, and $1.99B for 2028.

What is ALLETE’s net income forecast?

ALLETE's net income forecast for the fiscal year ending in December 2025 stands at $236M, representing an 31.62% increase from the reported $179.3M in 2024. Projections indicate $264.67M in 2026, $274.95M in 2027, and $304.22M in 2028.