NiSource (NI) Stock Forecast, Price Target & Predictions
NI Stock Forecast
NiSource stock forecast is as follows: an average price target of $35.00 (represents a 2.76% upside from NI’s last price of $34.06) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
NI Price Target
The average price target for NiSource (NI) is $35.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $37.00 to $32.00. This represents a potential 2.76% upside from NI's last price of $34.06.
NI Analyst Ratings
According to 9 Wall Street analysts, NiSource's rating consensus is 'Buy'. The analyst rating breakdown for NI stock is 1 'Strong Buy' (11.11%), 7 'Buy' (77.78%), 1 'Hold' (11.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
NiSource Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 12, 2024 | James Thalacker | BMO Capital | $36.00 | $33.53 | 7.37% | 5.70% |
| Sep 12, 2024 | Ross Fowler | Bank of America Securities | $37.00 | $33.56 | 10.25% | 8.63% |
| Aug 09, 2024 | James Thalacker | BMO Capital | $34.00 | $31.05 | 9.50% | -0.18% |
| May 09, 2024 | James Thalacker | BMO Capital | $31.00 | $28.45 | 8.98% | -8.98% |
| Apr 26, 2022 | - | Credit Suisse | $32.00 | $30.58 | 4.64% | -6.05% |
| Apr 19, 2022 | - | Wells Fargo | $35.00 | $31.80 | 10.05% | 2.76% |
The latest NiSource stock forecast, released on Sep 12, 2024 by James Thalacker from BMO Capital, set a price target of $36.00, which represents a 7.37% increase from the stock price at the time of the forecast ($33.53), and a 5.70% increase from NI last price ($34.06).
NiSource Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 4 |
| Avg Price Target | $36.50 | $35.67 | $34.50 |
| Last Closing Price | $34.06 | $34.06 | $34.06 |
| Upside/Downside | 7.16% | 4.73% | 1.29% |
In the current month, the average price target of NiSource stock is $36.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 7.16% increase as opposed to NiSource's last price of $34.06. This month's average price target is up 2.33% compared to last quarter, and up 5.80% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 12, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 13, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 09, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 16, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 15, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 11, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jun 18, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jun 18, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 14, 2024 | Barclays | Overweight | Overweight | Hold |
NiSource's last stock rating was published by Raymond James on Sep 12, 2024. The company gave NI a "Outperform" rating, the same as its previous rate.
NiSource Financial Forecast
NiSource Revenue Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.03B | $1.09B | $1.97B | $1.70B | $1.09B | - | $1.87B | $1.41B | $959.40M | $986.00M | $1.55B | $1.21B | $902.50M |
| Avg Forecast | $1.16B | $1.16B | $1.15B | $1.15B | $2.26B | $704.80M | $704.80M | $3.38B | $2.17B | $679.40M | $981.75M | $2.71B | $1.91B | $1.03B | $905.26M | $2.37B | $1.70B | $1.16B | $1.12B | $1.87B | $1.39B | $1.02B | $1.06B | $1.69B | $1.51B | $950.45M | $1.04B | $1.83B | $1.54B | $973.80M |
| High Forecast | $1.28B | $1.27B | $1.26B | $1.26B | $2.47B | $772.75M | $772.75M | $3.71B | $2.38B | $744.91M | $1.08B | $2.97B | $2.10B | $1.04B | $992.54M | $2.59B | $1.72B | $1.27B | $1.23B | $2.05B | $1.52B | $1.12B | $1.06B | $1.69B | $1.51B | $952.55M | $1.04B | $1.84B | $1.54B | $975.96M |
| Low Forecast | $1.10B | $1.10B | $1.09B | $1.08B | $2.14B | $667.35M | $667.35M | $3.20B | $2.06B | $643.31M | $929.60M | $2.57B | $1.81B | $998.30M | $857.17M | $2.24B | $1.68B | $1.10B | $1.06B | $1.77B | $1.31B | $966.40M | $1.06B | $1.68B | $1.50B | $948.34M | $1.04B | $1.83B | $1.53B | $971.65M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 10 | 14 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.98% | 1.05% | 1.23% | 1.07% | - | 1.11% | 0.94% | 1.01% | 0.95% | 0.84% | 0.79% | 0.93% |
NiSource's average Quarter revenue forecast for Dec 23 based on 2 analysts is $1.70B, with a low forecast of $1.68B, and a high forecast of $1.72B. NI's average Quarter revenue forecast represents a 65.62% increase compared to the company's last Quarter revenue of $1.03B (Sep 23).
NiSource EBITDA Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 10 | 14 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $183.90M | $183.00M | $734.60M | $594.20M | $365.70M | - | $695.90M | $460.20M | $351.30M | $344.30M | $627.70M | $401.50M | $38.00M |
| Avg Forecast | $433.46M | $431.31M | $429.17M | $427.04M | $840.61M | $262.69M | $262.69M | $1.26B | $810.32M | $253.23M | $365.92M | $1.01B | $712.61M | $382.32M | $337.41M | $1.00B | $634.21M | $432.43M | $416.53M | $913.16M | $516.32M | $347.79M | $394.95M | $830.15M | $421.85M | $316.17M | $368.89M | $627.70M | $389.33M | $38.00M |
| High Forecast | $475.25M | $472.89M | $470.54M | $468.21M | $921.65M | $288.02M | $288.02M | $1.38B | $888.45M | $277.64M | $401.20M | $1.11B | $781.31M | $389.15M | $369.94M | $1.21B | $642.18M | $474.12M | $456.69M | $1.10B | $566.10M | $417.34M | $394.95M | $996.18M | $506.22M | $379.40M | $442.67M | $753.24M | $467.20M | $45.60M |
| Low Forecast | $410.43M | $408.40M | $406.37M | $404.35M | $795.95M | $248.73M | $248.73M | $1.19B | $767.27M | $239.77M | $346.48M | $956.64M | $674.75M | $372.08M | $319.48M | $803.58M | $626.23M | $409.45M | $394.41M | $730.53M | $488.89M | $278.23M | $394.95M | $664.12M | $337.48M | $252.94M | $295.11M | $502.16M | $311.47M | $30.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.44% | 0.80% | 1.15% | 1.05% | - | 0.84% | 1.09% | 1.11% | 0.93% | 1.00% | 1.03% | 1.00% |
2 analysts predict NI's average Quarter EBITDA for Dec 23 to be $634.21M, with a high of $642.18M and a low of $626.23M. This is 244.86% upper than NiSource's previous annual EBITDA (Sep 23) of $183.90M.
NiSource Net Income Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 10 | 14 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $85.10M | $58.80M | $333.00M | $244.50M | $65.80M | - | $426.80M | $173.20M | $63.20M | $60.30M | $295.50M | $84.40M | $-172.90M |
| Avg Forecast | $325.81M | $90.45M | $72.84M | $480.32M | $300.82M | $83.51M | $67.26M | $443.49M | $272.10M | $97.67M | $96.99M | $398.89M | $251.12M | $70.68M | $72.71M | $536.29M | $247.08M | $70.99M | $47.60M | $487.54M | $216.86M | $62.57M | $54.31M | $443.22M | $152.07M | $56.88M | $64.61M | $295.50M | $81.84M | $-172.90M |
| High Forecast | $366.65M | $101.78M | $81.97M | $540.52M | $338.53M | $93.98M | $75.69M | $499.08M | $306.20M | $109.91M | $109.14M | $448.89M | $282.60M | $80.10M | $81.82M | $643.55M | $251.83M | $85.19M | $53.56M | $585.04M | $244.04M | $75.08M | $54.31M | $531.86M | $182.49M | $68.26M | $77.53M | $354.60M | $98.21M | $-138.32M |
| Low Forecast | $303.31M | $84.20M | $67.81M | $447.15M | $280.05M | $77.75M | $62.61M | $412.86M | $253.31M | $90.93M | $90.29M | $371.34M | $233.78M | $61.26M | $67.69M | $429.03M | $242.33M | $47.33M | $44.31M | $390.03M | $201.88M | $50.05M | $54.31M | $354.57M | $121.66M | $45.50M | $51.69M | $236.40M | $65.47M | $-207.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.24% | 0.68% | 1.13% | 1.05% | - | 0.96% | 1.14% | 1.11% | 0.93% | 1.00% | 1.03% | 1.00% |
NiSource's average Quarter net income forecast for Dec 23 is $247.08M, with a range of $242.33M to $251.83M. NI's average Quarter net income forecast represents a 190.34% increase compared to the company's last Quarter net income of $85.10M (Sep 23).
NiSource SG&A Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 10 | 14 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $330.77M | $329.13M | $327.49M | $325.87M | $641.46M | $200.46M | $200.46M | $962.19M | $618.35M | $193.23M | $279.23M | $770.96M | $543.79M | $291.75M | $257.47M | $672.79M | $483.96M | $329.98M | $317.85M | $530.96M | $394.00M | $290.28M | $301.39M | $479.51M | $428.45M | $270.32M | $295.34M | $520.79M | $436.91M | $276.97M |
| High Forecast | $362.66M | $360.86M | $359.07M | $357.29M | $703.31M | $219.78M | $219.78M | $1.05B | $677.97M | $211.87M | $306.15M | $845.30M | $596.21M | $296.96M | $282.30M | $737.66M | $490.05M | $361.80M | $348.50M | $582.15M | $431.98M | $318.27M | $301.39M | $480.58M | $429.39M | $270.92M | $296.00M | $521.94M | $437.88M | $277.58M |
| Low Forecast | $313.20M | $311.64M | $310.10M | $308.56M | $607.38M | $189.81M | $189.81M | $911.08M | $585.50M | $182.97M | $264.39M | $730.01M | $514.90M | $283.93M | $243.79M | $637.05M | $477.87M | $312.45M | $300.97M | $502.75M | $373.07M | $274.86M | $301.39M | $478.45M | $427.50M | $269.73M | $294.69M | $519.64M | $435.95M | $276.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NiSource'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 NI last annual SG&A of $NaN (undefined).
NiSource EPS Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 10 | 14 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.21 | $0.14 | $0.77 | $0.49 | $0.13 | - | $1.02 | $0.44 | $0.13 | $0.12 | $0.72 | $0.22 | $-0.49 |
| Avg Forecast | $0.72 | $0.20 | $0.16 | $1.07 | $0.67 | $0.19 | $0.15 | $0.99 | $0.60 | $0.22 | $0.22 | $0.89 | $0.56 | $0.16 | $0.16 | $0.83 | $0.55 | $0.16 | $0.11 | $0.75 | $0.48 | $0.11 | $0.12 | $0.77 | $0.36 | $0.10 | $0.13 | $0.77 | $0.33 | $0.03 |
| High Forecast | $0.81 | $0.23 | $0.18 | $1.20 | $0.75 | $0.21 | $0.17 | $1.11 | $0.68 | $0.24 | $0.24 | $1.00 | $0.63 | $0.18 | $0.18 | $0.93 | $0.56 | $0.19 | $0.12 | $0.85 | $0.54 | $0.12 | $0.12 | $0.77 | $0.36 | $0.10 | $0.13 | $0.78 | $0.33 | $0.03 |
| Low Forecast | $0.67 | $0.19 | $0.15 | $0.99 | $0.62 | $0.17 | $0.14 | $0.92 | $0.56 | $0.20 | $0.20 | $0.82 | $0.52 | $0.14 | $0.15 | $0.77 | $0.54 | $0.11 | $0.10 | $0.70 | $0.45 | $0.10 | $0.12 | $0.76 | $0.36 | $0.09 | $0.13 | $0.77 | $0.33 | $0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 1.32% | 1.02% | 1.02% | 1.24% | - | 1.33% | 1.23% | 1.37% | 0.90% | 0.93% | 0.67% | -18.50% |
According to 2 Wall Street analysts, NiSource's projected average Quarter EPS for Dec 23 is $0.55, with a low estimate of $0.54 and a high estimate of $0.56. This represents a 161.34% increase compared to NI previous annual EPS of $0.21 (Sep 23).
NiSource Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UGI | UGI | $24.02 | $36.33 | 51.25% | Hold |
| NWN | Northwest Natural Company | $40.33 | $48.75 | 20.88% | Hold |
| SR | Spire | $66.28 | $69.33 | 4.60% | Buy |
| NI | NiSource | $34.06 | $35.00 | 2.76% | Buy |
| CPK | Chesapeake Utilities | $122.55 | $120.50 | -1.67% | Hold |
| NJR | New Jersey Resources | $47.63 | $46.00 | -3.42% | Hold |
| OGS | ONE Gas | $72.66 | $68.00 | -6.41% | Hold |
| ATO | Atmos Energy | $136.97 | $124.75 | -8.92% | Buy |
NI Forecast FAQ
Is NiSource a good buy?
Yes, according to 9 Wall Street analysts, NiSource (NI) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 7 'Buy' recommendations, accounting for 88.89% of NI's total ratings.
What is NI's price target?
NiSource (NI) average price target is $35 with a range of $32 to $37, implying a 2.76% from its last price of $34.06. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NiSource stock go up soon?
According to Wall Street analysts' prediction for NI stock, the company can go up by 2.76% (from the last price of $34.06 to the average price target of $35), up by 8.63% based on the highest stock price target, and down by -6.05% based on the lowest stock price target.
Can NiSource stock reach $50?
NI's average twelve months analyst stock price target of $35 does not support the claim that NiSource can reach $50 in the near future.
What is NiSource's current price target trend?
2 Wall Street analysts forecast a $36.5 price target for NiSource (NI) this month, up 7.16% from its last price of $34.06. Compared to the last 3 and 12 months, the average price target increased by 4.73% and increased by 1.29%, respectively.
What are NiSource's analysts' financial forecasts?
NiSource's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.05B (high $7.73B, low $6.67B), average EBITDA is $2.63B (high $2.88B, low $2.49B), average net income is $895.09M (high $1.01B, low $833.27M), average SG&A $2B (high $2.2B, low $1.9B), and average EPS is $1.99 (high $2.24, low $1.85). NI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.62B (high $5.06B, low $4.37B), average EBITDA is $1.72B (high $1.89B, low $1.63B), average net income is $969.42M (high $1.09B, low $902.47M), average SG&A $1.31B (high $1.44B, low $1.24B), and average EPS is $2.15 (high $2.42, low $2).
Did the NI's actual financial results beat the analysts' financial forecasts?
Based on NiSource's last annual report (Dec 2022), the company's revenue was $5.85B, beating the average analysts forecast of $5.15B by 13.57%. Apple's EBITDA was $2.01B, missing the average prediction of $2.09B by -3.66%. The company's net income was $804.1M, beating the average estimation of $776.95M by 3.49%. Apple's SG&A was $0, missing the average forecast of $1.47B by -100.00%. Lastly, the company's EPS was $1.84, beating the average prediction of $1.47 by 24.78%. In terms of the last quarterly report (Sep 2023), NiSource's revenue was $1.03B, missing the average analysts' forecast of $1.16B by -11.45%. The company's EBITDA was $183.9M, missing the average prediction of $432.43M by -57.47%. NiSource's net income was $85.1M, beating the average estimation of $70.99M by 19.87%. The company's SG&A was $0, missing the average forecast of $329.98M by -100.00%. Lastly, the company's EPS was $0.21, beating the average prediction of $0.158 by 33.17%