IDACORP (IDA) Stock Forecast, Price Target & Predictions
IDA Stock Forecast
IDACORP stock forecast is as follows: an average price target of $102.00 (represents a -1.44% downside from IDA’s last price of $103.49) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
IDA Price Target
The average price target for IDACORP (IDA) is $102.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $102.00 to $102.00. This represents a potential -1.44% downside from IDA's last price of $103.49.
IDA Analyst Ratings
According to 2 Wall Street analysts, IDACORP's rating consensus is 'Hold'. The analyst rating breakdown for IDA stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
IDACORP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | David Arcaro | Morgan Stanley | $102.00 | $102.68 | -0.66% | -1.44% |
| May 28, 2024 | David Arcaro | Morgan Stanley | $98.00 | $95.11 | 3.04% | -5.30% |
| Mar 13, 2024 | David Arcaro | Morgan Stanley | $92.00 | $90.57 | 1.58% | -11.10% |
The latest IDACORP stock forecast, released on Aug 23, 2024 by David Arcaro from Morgan Stanley, set a price target of $102.00, which represents a -0.66% decrease from the stock price at the time of the forecast ($102.68), and a -1.44% decrease from IDA last price ($103.49).
IDACORP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $102.00 | $102.00 | $97.33 |
| Last Closing Price | $103.49 | $103.49 | $103.49 |
| Upside/Downside | -1.44% | -1.44% | -5.95% |
In the current month, the average price target of IDACORP stock is $102.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -1.44% decrease as opposed to IDACORP's last price of $103.49. This month's average price target is down 0.00% compared to last quarter, and up 4.80% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 23, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 28, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 03, 2022 | Wells Fargo | - | Equal-Weight | Upgrade |
IDACORP's last stock rating was published by Morgan Stanley on Aug 23, 2024. The company gave IDA a "Equal-Weight" rating, the same as its previous rate.
IDACORP Financial Forecast
IDACORP Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $510.91M | $413.84M | $429.66M | $422.96M | $518.01M | $358.72M | $344.29M | $335.01M | $446.94M | $360.07M | $316.05M | $315.69M | $425.26M | $318.77M | $291.01M | $292.85M | $386.32M | $316.89M | $350.32M | $310.11M | $302.54M |
| Avg Forecast | $255.62M | $757.26M | $466.32M | $435.29M | $337.82M | $626.82M | $440.15M | $357.34M | $302.35M | $520.47M | $334.90M | $320.77M | $284.82M | $423.28M | $344.19M | $306.55M | $264.04M | $392.03M | $315.83M | $312.47M | $284.65M | $378.28M | $310.35M | $272.50M | $291.26M | $382.04M | $327.38M | $298.14M | $301.49M | $247.58M |
| High Forecast | $292.79M | $867.37M | $534.12M | $498.58M | $386.94M | $636.85M | $504.14M | $409.29M | $346.31M | $596.15M | $383.60M | $367.41M | $326.24M | $484.82M | $347.54M | $309.53M | $266.61M | $395.85M | $318.90M | $315.52M | $287.42M | $381.97M | $313.37M | $275.15M | $294.10M | $385.76M | $330.57M | $301.05M | $361.78M | $297.10M |
| Low Forecast | $218.46M | $647.16M | $398.52M | $372.00M | $288.70M | $616.77M | $376.15M | $305.38M | $258.39M | $444.80M | $286.21M | $274.13M | $243.41M | $361.74M | $340.83M | $303.56M | $261.46M | $388.21M | $312.75M | $309.43M | $281.87M | $374.60M | $307.33M | $269.84M | $288.42M | $378.31M | $324.19M | $295.24M | $241.19M | $198.07M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.98% | 1.24% | 1.34% | 1.48% | 1.22% | 1.04% | 1.12% | 1.27% | 1.14% | 1.14% | 1.01% | 1.11% | 1.12% | 1.03% | 1.07% | 1.01% | 1.01% | 0.97% | 1.18% | 1.03% | 1.22% |
IDACORP's average Quarter revenue forecast for Dec 23 based on 1 analysts is $302.35M, with a low forecast of $258.39M, and a high forecast of $346.31M. IDA's average Quarter revenue forecast represents a -40.82% decrease compared to the company's last Quarter revenue of $510.91M (Sep 23).
IDACORP EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | $126.29M | $142.12M | $125.11M | $97.36M | $181.35M | $121.20M | $110.08M | $103.44M | $182.08M | $147.32M | $115.75M | $108.74M | $180.81M | $134.15M | $105.79M | $110.32M | $170.35M | $124.58M | $112.38M | $101.24M | $97.71M |
| Avg Forecast | $86.63M | $256.62M | $158.03M | $147.51M | $114.48M | $212.42M | $149.16M | $145.90M | $102.46M | $176.38M | $113.49M | $132.63M | $96.52M | $206.33M | $116.64M | $120.58M | $89.48M | $132.85M | $107.03M | $104.32M | $96.46M | $128.19M | $105.17M | $114.93M | $98.70M | $129.47M | $110.94M | $91.80M | $98.34M | $76.00M |
| High Forecast | $99.22M | $293.94M | $181.00M | $168.96M | $131.13M | $215.82M | $170.84M | $175.08M | $117.36M | $202.02M | $129.99M | $159.16M | $110.56M | $247.60M | $117.78M | $144.69M | $90.35M | $134.15M | $108.07M | $125.18M | $97.40M | $129.44M | $106.20M | $137.92M | $99.66M | $130.73M | $112.02M | $110.17M | $118.01M | $91.20M |
| Low Forecast | $74.03M | $219.31M | $135.05M | $126.06M | $97.84M | $209.01M | $127.47M | $116.72M | $87.56M | $150.74M | $96.99M | $106.11M | $82.49M | $165.06M | $115.50M | $96.46M | $88.61M | $131.56M | $105.98M | $83.46M | $95.52M | $126.94M | $104.15M | $91.94M | $97.74M | $128.20M | $109.86M | $73.44M | $78.68M | $60.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.72% | 1.25% | 0.94% | 1.01% | 0.88% | 1.04% | 0.91% | 1.16% | 1.37% | 1.38% | 1.11% | 1.13% | 1.41% | 1.28% | 0.92% | 1.12% | 1.32% | 1.12% | 1.22% | 1.03% | 1.29% |
1 analysts predict IDA's average Quarter EBITDA for Dec 23 to be $102.46M, with a high of $117.36M and a low of $87.56M. This is -18.87% lower than IDACORP's previous annual EBITDA (Sep 23) of $126.29M.
IDACORP Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | $105.26M | $68.57M | $56.10M | $42.05M | $106.38M | $64.29M | $46.26M | $32.84M | $97.90M | $70.02M | $44.83M | $37.51M | $102.03M | $60.39M | $37.49M | $47.14M | $89.88M | $53.16M | $42.69M | $36.14M | $33.10M |
| Avg Forecast | $44.44M | $122.87M | $78.80M | $57.83M | $36.09M | $113.65M | $71.68M | $56.58M | $31.22M | $103.33M | $64.25M | $51.44M | $43.09M | $110.93M | $68.43M | $46.76M | $35.17M | $103.82M | $64.25M | $40.40M | $35.26M | $100.64M | $61.99M | $40.73M | $40.22M | $100.42M | $57.46M | $34.87M | $35.11M | $25.75M |
| High Forecast | $52.84M | $146.10M | $93.70M | $68.76M | $42.91M | $118.96M | $85.22M | $67.90M | $31.74M | $104.38M | $76.40M | $61.73M | $51.24M | $133.12M | $69.30M | $56.12M | $35.62M | $105.13M | $65.06M | $48.48M | $35.71M | $101.92M | $62.77M | $48.88M | $40.73M | $101.70M | $58.19M | $41.84M | $42.13M | $30.90M |
| Low Forecast | $36.04M | $99.65M | $63.91M | $46.90M | $29.27M | $110.47M | $58.13M | $45.27M | $30.18M | $102.27M | $52.11M | $41.15M | $34.95M | $88.75M | $67.56M | $37.41M | $34.73M | $102.50M | $63.44M | $32.32M | $34.81M | $99.37M | $61.20M | $32.58M | $39.71M | $99.15M | $56.73M | $27.90M | $28.09M | $20.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.02% | 1.07% | 1.09% | 0.98% | 0.96% | 0.94% | 0.99% | 0.93% | 0.94% | 1.09% | 1.11% | 1.06% | 1.01% | 0.97% | 0.92% | 1.17% | 0.89% | 0.93% | 1.22% | 1.03% | 1.29% |
IDACORP's average Quarter net income forecast for Dec 23 is $31.22M, with a range of $30.18M to $31.74M. IDA's average Quarter net income forecast represents a -70.34% decrease compared to the company's last Quarter net income of $105.26M (Sep 23).
IDACORP SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $1.88M | $5.55M | $3.42M | $3.19M | $2.48M | $4.60M | $3.23M | $2.62M | $2.22M | $3.82M | $2.46M | $2.35M | $2.09M | $3.10M | $2.52M | $2.25M | $1.94M | $2.88M | $2.32M | $2.29M | $2.09M | $2.77M | $2.28M | $2.00M | $2.14M | $2.80M | $2.40M | $2.19M | $2.21M | $1.82M |
| High Forecast | $2.15M | $6.36M | $3.92M | $3.66M | $2.84M | $4.67M | $3.70M | $3.00M | $2.54M | $4.37M | $2.81M | $2.69M | $2.39M | $3.56M | $2.55M | $2.27M | $1.96M | $2.90M | $2.34M | $2.31M | $2.11M | $2.80M | $2.30M | $2.02M | $2.16M | $2.83M | $2.42M | $2.21M | $2.65M | $2.18M |
| Low Forecast | $1.60M | $4.75M | $2.92M | $2.73M | $2.12M | $4.52M | $2.76M | $2.24M | $1.90M | $3.26M | $2.10M | $2.01M | $1.79M | $2.65M | $2.50M | $2.23M | $1.92M | $2.85M | $2.29M | $2.27M | $2.07M | $2.75M | $2.25M | $1.98M | $2.12M | $2.77M | $2.38M | $2.17M | $1.77M | $1.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
IDACORP's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to IDA last annual SG&A of $NaN (undefined).
IDACORP EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | $2.08 | $1.35 | $1.11 | $0.83 | $2.10 | $1.27 | $0.91 | $0.65 | $1.93 | $1.38 | $0.89 | $0.74 | $2.02 | $1.19 | $0.74 | $0.93 | $1.78 | $1.05 | $0.85 | $0.72 | $0.66 |
| Avg Forecast | $0.85 | $2.35 | $1.51 | $1.11 | $0.69 | $2.18 | $1.37 | $1.16 | $0.60 | $1.98 | $1.23 | $0.95 | $0.82 | $2.05 | $1.31 | $0.92 | $0.67 | $1.99 | $1.23 | $0.81 | $0.68 | $1.93 | $1.19 | $0.81 | $0.77 | $1.92 | $1.10 | $0.71 | $0.68 | $0.42 |
| High Forecast | $1.01 | $2.80 | $1.79 | $1.32 | $0.82 | $2.28 | $1.63 | $1.38 | $0.61 | $2.00 | $1.46 | $1.13 | $0.98 | $2.44 | $1.33 | $0.93 | $0.68 | $2.01 | $1.25 | $0.82 | $0.68 | $1.95 | $1.20 | $0.82 | $0.78 | $1.95 | $1.11 | $0.72 | $0.82 | $0.50 |
| Low Forecast | $0.69 | $1.91 | $1.22 | $0.90 | $0.56 | $2.11 | $1.11 | $0.94 | $0.58 | $1.96 | $1.00 | $0.77 | $0.67 | $1.66 | $1.29 | $0.91 | $0.66 | $1.96 | $1.21 | $0.80 | $0.67 | $1.90 | $1.17 | $0.79 | $0.76 | $1.90 | $1.09 | $0.70 | $0.54 | $0.34 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.05% | 1.10% | 1.17% | 1.01% | 1.03% | 0.97% | 0.99% | 0.97% | 0.97% | 1.12% | 1.10% | 1.10% | 1.05% | 1.00% | 0.92% | 1.21% | 0.93% | 0.95% | 1.20% | 1.06% | 1.57% |
According to 1 Wall Street analysts, IDACORP's projected average Quarter EPS for Dec 23 is $0.60, with a low estimate of $0.58 and a high estimate of $0.61. This represents a -71.26% decrease compared to IDA previous annual EPS of $2.08 (Sep 23).
IDACORP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AGR | Avangrid | $35.77 | $43.67 | 22.09% | Hold |
| CNP | CenterPoint Energy | $28.32 | $31.00 | 9.46% | Hold |
| DTE | DTE Energy Company | $125.68 | $133.92 | 6.56% | Buy |
| PNM | PNM Resources | $41.77 | $44.50 | 6.54% | Buy |
| AEE | Ameren | $85.02 | $89.45 | 5.21% | Buy |
| POR | Portland General Electric Company | $48.84 | $49.88 | 2.13% | Buy |
| LNT | Alliant Energy | $60.31 | $61.00 | 1.14% | Buy |
| EVRG | Evergy | $61.91 | $62.00 | 0.15% | Buy |
| IDA | IDACORP | $103.49 | $102.00 | -1.44% | Hold |
| CMS | CMS Energy | $70.26 | $66.23 | -5.74% | Buy |
| PNW | Pinnacle West Capital | $89.97 | $72.67 | -19.23% | Buy |
IDA Forecast FAQ
Is IDACORP a good buy?
No, according to 2 Wall Street analysts, IDACORP (IDA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of IDA's total ratings.
What is IDA's price target?
IDACORP (IDA) average price target is $102 with a range of $102 to $102, implying a -1.44% from its last price of $103.49. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will IDACORP stock go up soon?
According to Wall Street analysts' prediction for IDA stock, the company can go down by -1.44% (from the last price of $103.49 to the average price target of $102), down by -1.44% based on the highest stock price target, and down by -1.44% based on the lowest stock price target.
Can IDACORP stock reach $200?
IDA's average twelve months analyst stock price target of $102 does not support the claim that IDACORP can reach $200 in the near future.
What is IDACORP's current price target trend?
1 Wall Street analyst forecast a $102 price target for IDACORP (IDA) this month, down -1.44% from its last price of $103.49. Compared to the last 3 and 12 months, the average price target decreased by -1.44% and decreased by -5.95%, respectively.
What are IDACORP's analysts' financial forecasts?
IDACORP's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.76B (high $1.94B, low $1.59B), average EBITDA is $621.95M (high $692.86M, low $551.04M), average net income is $278M (high $315M, low $243.13M), average SG&A $12.93M (high $14.21M, low $11.64M), and average EPS is $5.4 (high $6.11, low $4.73). IDA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.91B (high $2.19B, low $1.64B), average EBITDA is $648.78M (high $743.12M, low $554.46M), average net income is $303.95M (high $361.4M, low $246.5M), average SG&A $14.04M (high $16.08M, low $12M), and average EPS is $5.82 (high $6.92, low $4.72).
Did the IDA's actual financial results beat the analysts' financial forecasts?
Based on IDACORP's last annual report (Dec 2022), the company's revenue was $1.64B, beating the average analysts forecast of $1.36B by 20.98%. Apple's EBITDA was $509.99M, missing the average prediction of $540.07M by -5.57%. The company's net income was $258.98M, missing the average estimation of $269.22M by -3.80%. Apple's SG&A was $9.2M, missing the average forecast of $9.97M by -7.74%. Lastly, the company's EPS was $5.11, beating the average prediction of $5.1 by 0.11%. In terms of the last quarterly report (Sep 2023), IDACORP's revenue was $510.91M, missing the average analysts' forecast of $520.47M by -1.84%. The company's EBITDA was $126.29M, missing the average prediction of $176.38M by -28.40%. IDACORP's net income was $105.26M, beating the average estimation of $103.33M by 1.88%. The company's SG&A was $0, missing the average forecast of $3.82M by -100.00%. Lastly, the company's EPS was $2.08, beating the average prediction of $1.98 by 5.15%