IDACORP (IDA) Stock Forecast, Price Target & Predictions

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IDA Stock Forecast

IDACORP stock forecast is as follows: an average price target of $110.50 (represents a 1.94% upside from IDA’s last price of $108.40) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

IDA Price Target

The average price target for IDACORP (IDA) is $110.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $129.00 to $102.00. This represents a potential 1.94% upside from IDA's last price of $108.40.

IDA Analyst Ratings

Hold

According to 4 Wall Street analysts, IDACORP's rating consensus is 'Hold'. The analyst rating breakdown for IDA stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 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
Nov 18, 2024	Julien Dumoulin-Smith	Jefferies	$129.00	$101.65	26.91%	19.00%
Nov 05, 2024	Julien Dumoulin-Smith	Jefferies	$115.00	$109.52	5.00%	6.09%
Oct 16, 2024	Sarah Akers	Wells Fargo	$109.00	$103.67	5.14%	0.55%
Sep 25, 2024	Anthony Crowdell	Mizuho Securities	$102.00	$102.67	-0.65%	-5.90%
Sep 19, 2024	Julien Dumoulin-Smith	Jefferies	$110.00	$102.44	7.38%	1.48%
Aug 23, 2024	David Arcaro	Morgan Stanley	$102.00	$102.68	-0.66%	-5.90%
May 28, 2024	David Arcaro	Morgan Stanley	$98.00	$95.11	3.04%	-9.59%
Mar 13, 2024	David Arcaro	Morgan Stanley	$92.00	$90.57	1.58%	-15.13%

The latest IDACORP stock forecast, released on Nov 18, 2024 by Julien Dumoulin-Smith from Jefferies, set a price target of $129.00, which represents a 26.91% increase from the stock price at the time of the forecast ($101.65), and a 19.00% increase from IDA last price ($108.40).

IDACORP Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	8
Avg Price Target	-	$122.00	$107.13
Last Closing Price	$108.40	$108.40	$108.40
Upside/Downside	-100.00%	12.55%	-1.17%

In the current month, the average price target of IDACORP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to IDACORP's last price of $108.40. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 18, 2024	Jefferies	Hold	Hold	Hold
Nov 05, 2024	Bank of America Securities		Buy	Upgrade
Nov 05, 2024	Jefferies	Hold	Hold	Hold
Oct 16, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Sep 25, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Sep 19, 2024	Jefferies		Neutral	Initialise
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 Jefferies on Nov 18, 2024. The company gave IDA a "Hold" rating, the same as its previous rate.

IDACORP Financial Forecast

IDACORP Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	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
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$510.91M	$413.84M	$429.66M	$422.96M	$518.01M	$358.72M	$344.29M	$335.01M	$446.94M
Avg Forecast	$707.86M	$695.80M	$683.94M	$672.29M	$660.84M	$649.58M	$638.51M	$627.63M	$616.93M	$606.42M	$596.09M	$585.93M	$380.58M	$616.06M	$466.67M	$441.60M	$341.35M	$628.32M	$440.15M	$357.34M	$302.35M	$520.47M	$334.90M	$320.77M	$284.82M	$423.28M	$344.19M	$306.55M	$264.04M	$392.03M
High Forecast	$743.67M	$731.00M	$718.54M	$706.30M	$694.26M	$682.43M	$670.81M	$659.38M	$648.14M	$637.10M	$626.24M	$615.57M	$399.83M	$647.22M	$490.27M	$445.87M	$343.32M	$660.10M	$440.15M	$364.80M	$317.64M	$546.80M	$351.84M	$336.99M	$331.96M	$423.28M	$344.19M	$306.55M	$264.04M	$392.03M
Low Forecast	$666.36M	$655.01M	$643.85M	$632.88M	$622.10M	$611.50M	$601.08M	$590.83M	$580.77M	$570.87M	$561.15M	$551.58M	$358.27M	$579.94M	$439.31M	$437.33M	$339.37M	$591.48M	$440.15M	$349.87M	$284.62M	$489.96M	$315.27M	$301.96M	$237.68M	$423.28M	$344.19M	$306.55M	$264.04M	$392.03M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	1.24%	1.34%	1.48%	1.22%	1.04%	1.12%	1.27%	1.14%

IDACORP's average Quarter revenue forecast for Dec 23 based on 1 analysts is $302.35M, with a low forecast of $284.62M, and a high forecast of $317.64M. 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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$126.29M	$142.12M	$125.11M	$97.36M	$181.35M	$121.20M	$110.08M	$103.44M	$182.08M
Avg Forecast	$236.94M	$232.90M	$228.94M	$225.04M	$221.20M	$217.43M	$213.73M	$210.09M	$206.51M	$202.99M	$199.53M	$196.13M	$127.39M	$206.21M	$156.21M	$147.82M	$114.26M	$210.32M	$147.33M	$145.90M	$101.20M	$174.22M	$112.10M	$132.63M	$134.76M	$143.44M	$116.64M	$120.58M	$89.48M	$132.85M
High Forecast	$248.93M	$244.69M	$240.52M	$236.42M	$232.39M	$228.43M	$224.54M	$220.71M	$216.95M	$213.26M	$209.62M	$206.05M	$133.83M	$216.64M	$164.11M	$149.24M	$114.92M	$220.95M	$147.33M	$175.08M	$106.32M	$183.03M	$117.77M	$159.16M	$161.71M	$143.44M	$116.64M	$144.69M	$89.48M	$132.85M
Low Forecast	$223.05M	$219.25M	$215.52M	$211.84M	$208.23M	$204.69M	$201.20M	$197.77M	$194.40M	$191.09M	$187.83M	$184.63M	$119.92M	$194.12M	$147.05M	$146.39M	$113.60M	$197.99M	$147.33M	$116.72M	$95.27M	$164.00M	$105.53M	$106.11M	$107.81M	$143.44M	$116.64M	$96.46M	$89.48M	$132.85M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72%	1.27%	0.94%	0.72%	1.26%	1.04%	0.91%	1.16%	1.37%

1 analysts predict IDA's average Quarter EBITDA for Dec 23 to be $101.20M, with a high of $106.32M and a low of $95.27M. This is -19.86% lower than IDACORP's previous annual EBITDA (Sep 23) of $126.29M.

IDACORP Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$105.26M	$68.57M	$56.10M	$42.05M	$106.38M	$64.29M	$46.26M	$32.84M	$97.90M
Avg Forecast	$57.56M	$168.17M	$105.33M	$79.43M	$49.46M	$158.65M	$96.26M	$68.69M	$43.86M	$142.65M	$94.41M	$62.37M	$43.82M	$123.26M	$89.83M	$56.75M	$33.78M	$116.50M	$73.39M	$56.58M	$31.97M	$105.80M	$65.79M	$51.44M	$42.73M	$106.99M	$68.43M	$46.76M	$35.17M	$103.82M
High Forecast	$61.35M	$179.22M	$112.26M	$84.65M	$52.71M	$169.08M	$102.59M	$73.21M	$46.74M	$152.03M	$100.62M	$66.47M	$46.70M	$131.37M	$95.74M	$60.48M	$34.31M	$117.04M	$74.18M	$67.90M	$32.50M	$106.88M	$66.79M	$61.73M	$51.27M	$106.99M	$68.43M	$56.12M	$35.17M	$103.82M
Low Forecast	$53.18M	$155.35M	$97.30M	$73.37M	$45.69M	$146.56M	$88.93M	$63.46M	$40.51M	$131.78M	$87.22M	$57.61M	$40.48M	$113.87M	$82.99M	$56.21M	$32.70M	$115.96M	$72.60M	$45.27M	$30.90M	$104.72M	$64.78M	$41.15M	$34.18M	$106.99M	$68.43M	$37.41M	$35.17M	$103.82M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	1.04%	1.09%	0.98%	0.99%	0.94%	0.99%	0.93%	0.94%

IDACORP's average Quarter net income forecast for Dec 23 is $31.97M, with a range of $30.90M to $32.50M. IDA's average Quarter net income forecast represents a -69.63% decrease compared to the company's last Quarter net income of $105.26M (Sep 23).

IDACORP SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$5.19M	$5.10M	$5.02M	$4.93M	$4.85M	$4.76M	$4.68M	$4.60M	$4.53M	$4.45M	$4.37M	$4.30M	$2.79M	$4.52M	$3.42M	$3.24M	$2.50M	$4.61M	$3.23M	$2.62M	$2.22M	$3.82M	$2.46M	$2.35M	$2.09M	$3.10M	$2.52M	$2.25M	$1.94M	$2.88M
High Forecast	$5.45M	$5.36M	$5.27M	$5.18M	$5.09M	$5.01M	$4.92M	$4.84M	$4.75M	$4.67M	$4.59M	$4.52M	$2.93M	$4.75M	$3.60M	$3.27M	$2.52M	$4.84M	$3.23M	$2.68M	$2.33M	$4.01M	$2.58M	$2.47M	$2.43M	$3.10M	$2.52M	$2.25M	$1.94M	$2.88M
Low Forecast	$4.89M	$4.80M	$4.72M	$4.64M	$4.56M	$4.49M	$4.41M	$4.33M	$4.26M	$4.19M	$4.12M	$4.05M	$2.63M	$4.25M	$3.22M	$3.21M	$2.49M	$4.34M	$3.23M	$2.57M	$2.09M	$3.59M	$2.31M	$2.21M	$1.74M	$3.10M	$2.52M	$2.25M	$1.94M	$2.88M
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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.08	$1.35	$1.11	$0.83	$2.10	$1.27	$0.91	$0.65	$1.93
Avg Forecast	$1.08	$3.14	$1.97	$1.49	$0.92	$2.97	$1.80	$1.28	$0.82	$2.67	$1.77	$1.17	$0.82	$2.30	$1.68	$1.06	$0.63	$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
High Forecast	$1.15	$3.35	$2.10	$1.58	$0.99	$3.16	$1.92	$1.37	$0.87	$2.84	$1.88	$1.24	$0.87	$2.46	$1.79	$1.13	$0.64	$2.19	$1.39	$1.17	$0.61	$2.00	$1.25	$1.02	$1.00	$2.05	$1.31	$0.92	$0.67	$1.99
Low Forecast	$0.99	$2.90	$1.82	$1.37	$0.85	$2.74	$1.66	$1.19	$0.76	$2.46	$1.63	$1.08	$0.76	$2.13	$1.55	$1.05	$0.61	$2.17	$1.36	$1.16	$0.58	$1.96	$1.21	$0.88	$0.65	$2.05	$1.31	$0.92	$0.67	$1.99
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.10%	1.17%	1.01%	1.03%	0.97%	0.99%	0.97%	0.97%

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
POR	Portland General Electric	$41.28	$49.25	19.31%	Hold
DTE	DTE Energy	$117.60	$137.29	16.74%	Buy
CMS	CMS Energy	$65.77	$74.50	13.27%	Buy
EVRG	Evergy	$63.02	$68.50	8.70%	Buy
LNT	Alliant Energy	$58.59	$63.14	7.77%	Buy
PNW	Pinnacle West Capital	$85.90	$90.67	5.55%	Buy
IDA	IDACORP	$108.40	$110.50	1.94%	Hold
CNP	CenterPoint Energy	$32.30	$32.14	-0.50%	Hold
AEE	Ameren	$92.79	$91.00	-1.93%	Buy

IDA Forecast FAQ

Is IDACORP a good buy?

No, according to 4 Wall Street analysts, IDACORP (IDA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of IDA's total ratings.

What is IDA's price target?

IDACORP (IDA) average price target is $110.5 with a range of $102 to $129, implying a 1.94% from its last price of $108.4. The data is based on 4 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 up by 1.94% (from the last price of $108.4 to the average price target of $110.5), up by 19.00% based on the highest stock price target, and down by -5.90% based on the lowest stock price target.

Can IDACORP stock reach $200?

IDA's average twelve months analyst stock price target of $110.5 does not support the claim that IDACORP can reach $200 in the near future.

What are IDACORP's analysts' financial forecasts?

IDACORP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.58B (high $2.71B, low $2.43B), average EBITDA is $862.45M (high $906.07M, low $811.89M), average net income is $373.06M (high $397.59M, low $344.63M), average SG&A $18.9M (high $19.86M, low $17.79M), and average EPS is $6.98 (high $7.43, low $6.44). IDA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.76B (high $2.9B, low $2.6B), average EBITDA is $923.82M (high $970.55M, low $869.66M), average net income is $410.49M (high $437.48M, low $379.2M), average SG&A $20.24M (high $21.27M, low $19.06M), and average EPS is $7.67 (high $8.18, low $7.09).

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 $515.42M by -1.05%. The company's net income was $258.98M, missing the average estimation of $264.91M by -2.24%. 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 $174.22M by -27.51%. IDACORP's net income was $105.26M, missing the average estimation of $105.8M by -0.50%. 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%