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NiSource (NI) Stock Forecast, Price Target & Predictions

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NI Stock Forecast

NiSource stock forecast is as follows: an average price target of $37.33 (represents a 3.21% upside from NI’s last price of $36.17) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

NI Price Target

The average price target for NiSource (NI) is $37.33 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $39.00 to $36.00. This represents a potential 3.21% upside from NI's last price of $36.17.

NI Analyst Ratings

Buy

According to 12 Wall Street analysts, NiSource's rating consensus is 'Buy'. The analyst rating breakdown for NI stock is 1 'Strong Buy' (8.33%), 9 'Buy' (75.00%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

NiSource Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 28, 2024Julien Dumoulin-SmithJefferies$39.00$35.1311.00%7.82%
Sep 12, 2024James ThalackerBMO Capital$36.00$33.537.37%-0.47%
Sep 12, 2024Ross FowlerBank of America Securities$37.00$33.5610.25%2.29%
Aug 09, 2024James ThalackerBMO Capital$34.00$31.059.50%-6.00%
May 09, 2024James ThalackerBMO Capital$31.00$28.458.98%-14.29%
Apr 26, 2022Credit Suisse$32.00$30.584.64%-11.53%
Apr 19, 2022Wells Fargo$35.00$31.8010.05%-3.23%

The latest NiSource stock forecast, released on Oct 28, 2024 by Julien Dumoulin-Smith from Jefferies, set a price target of $39.00, which represents a 11.00% increase from the stock price at the time of the forecast ($35.13), and a 7.82% increase from NI last price ($36.17).

NiSource Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$39.00$35.40
Last Closing Price$36.17$36.17$36.17
Upside/Downside-100.00%7.82%-2.13%

In the current month, the average price target of NiSource stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NiSource's last price of $36.17. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024CitigroupNeutralNeutralHold
Oct 28, 2024JefferiesBuyInitialise
Oct 16, 2024Wells FargoOverweightOverweightHold
Sep 19, 2024Edward JonesBuyBuyHold
Sep 12, 2024Raymond JamesOutperformOutperformHold
Sep 12, 2024BMO CapitalOutperformOutperformHold
Aug 13, 2024BarclaysOverweightOverweightHold
Aug 09, 2024BMO CapitalOutperformOutperformHold
Jul 16, 2024BMO CapitalOutperformOutperformHold
Jul 15, 2024BarclaysOverweightOverweightHold
Jul 11, 2024Raymond JamesOutperformOutperformHold
Jun 18, 2024Raymond JamesOutperformOutperformHold
Jun 18, 2024BMO CapitalOutperformOutperformHold
May 14, 2024BarclaysOverweightOverweightHold
May 09, 2024BMO CapitalOutperformOutperformHold
May 09, 2024Evercore ISIOutperformOutperformHold
Jun 06, 2023UBSBuyUpgrade
Nov 09, 2022Credit SuisseOutperformUpgrade
Aug 03, 2022CFRAStrong BuyUpgrade
Jul 27, 2022Edward JonesBuyUpgrade
Apr 26, 2022Evercore ISIOutperformUpgrade
Apr 25, 2022Zacks Investment ResearchHoldUpgrade

NiSource's last stock rating was published by Citigroup on Oct 31, 2024. The company gave NI a "Neutral" rating, the same as its previous rate.

NiSource Financial Forecast

NiSource Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue---------------------$1.03B$1.09B$1.97B$1.70B$1.09B$1.18B$1.87B$1.41B$959.40M
Avg Forecast$1.17B$1.17B$1.16B$1.15B$1.15B$1.14B$1.14B$1.13B$2.19B$824.89M$717.66M$3.44B$2.11B$795.58M$988.13M$2.74B$1.75B$986.00M$905.26M$2.37B$1.70B$1.16B$1.12B$1.87B$1.39B$1.02B$1.06B$1.69B$1.51B$950.45M
High Forecast$1.42B$1.41B$1.40B$1.40B$1.39B$1.38B$1.38B$1.37B$2.65B$998.35M$868.57M$4.17B$2.56B$962.88M$1.20B$2.95B$1.86B$1.19B$905.26M$2.37B$1.72B$1.40B$1.35B$2.26B$1.68B$1.02B$1.06B$1.69B$1.51B$950.45M
Low Forecast$968.64M$963.83M$959.04M$954.28M$949.54M$944.83M$940.14M$935.47M$1.81B$682.15M$593.47M$2.85B$1.75B$657.92M$817.14M$2.53B$1.62B$815.38M$905.26M$2.37B$1.68B$959.44M$924.17M$1.54B$1.15B$1.02B$1.06B$1.69B$1.51B$950.45M
# Analysts111111111111111221112111111111
Surprise %---------------------0.89%0.98%1.05%1.23%1.07%1.12%1.11%0.94%1.01%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221112111111111
EBITDA---------------------$183.90M$183.00M$734.60M$594.20M$365.70M$357.00M$695.90M$460.20M$351.30M
Avg Forecast$391.02M$389.08M$387.15M$385.23M$383.32M$381.41M$379.52M$377.64M$730.84M$275.37M$239.58M$1.15B$704.88M$265.59M$329.87M$915.12M$583.04M$329.16M$302.20M$1.00B$568.04M$387.31M$373.07M$913.16M$394.43M$380.40M$394.95M$830.15M$561.46M$354.25M
High Forecast$473.25M$470.90M$468.56M$466.23M$463.92M$461.62M$459.33M$457.04M$884.53M$333.28M$289.95M$1.39B$853.10M$321.44M$399.23M$984.10M$620.41M$398.37M$302.20M$1.21B$575.18M$468.75M$451.52M$1.10B$473.32M$380.40M$394.95M$996.18M$561.46M$354.25M
Low Forecast$323.36M$321.76M$320.16M$318.57M$316.99M$315.41M$313.85M$312.29M$604.38M$227.72M$198.12M$950.97M$582.90M$219.63M$272.79M$846.14M$541.93M$272.20M$302.20M$803.58M$560.89M$320.29M$308.52M$730.53M$315.54M$380.40M$394.95M$664.12M$561.46M$354.25M
Surprise %---------------------0.47%0.49%0.80%1.51%0.96%0.90%0.84%0.82%0.99%

2 analysts predict NI's average Quarter EBITDA for Dec 23 to be $568.04M, with a high of $575.18M and a low of $560.89M. This is 208.88% upper than NiSource's previous annual EBITDA (Sep 23) of $183.90M.

NiSource Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221112111111111
Net Income---------------------$85.10M$58.80M$333.00M$244.50M$65.80M$67.00M$426.80M$173.20M$63.20M
Avg Forecast$361.96M$100.49M$80.95M$533.67M$322.67M$101.74M$94.13M$472.84M$290.93M$95.58M$85.26M$439.66M$262.66M$93.17M$96.84M$404.42M$236.87M$72.88M$73.40M$536.29M$249.44M$71.67M$48.05M$487.54M$142.19M$47.35M$54.41M$443.22M$161.21M$42.79M
High Forecast$460.91M$127.96M$103.08M$679.56M$410.88M$129.55M$119.86M$602.09M$370.45M$121.71M$108.57M$559.85M$334.46M$118.64M$123.31M$514.98M$301.62M$92.80M$73.52M$643.55M$254.23M$86.01M$61.19M$585.04M$170.63M$47.35M$54.41M$531.86M$161.21M$42.79M
Low Forecast$280.54M$77.88M$62.74M$413.62M$250.08M$78.85M$72.95M$366.47M$225.48M$74.08M$66.08M$340.76M$203.57M$72.21M$75.05M$313.45M$183.59M$56.49M$73.29M$429.03M$244.64M$47.78M$37.24M$390.03M$113.75M$47.35M$54.41M$354.57M$161.21M$42.79M
Surprise %---------------------1.19%1.22%0.68%1.72%1.39%1.23%0.96%1.07%1.48%

NiSource's average Quarter net income forecast for Dec 23 is $249.44M, with a range of $244.64M to $254.23M. NI's average Quarter net income forecast represents a 193.11% increase compared to the company's last Quarter net income of $85.10M (Sep 23).

NiSource SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221112111111111
SG&A------------------------------
Avg Forecast$270.56M$269.21M$267.88M$266.55M$265.22M$263.91M$262.60M$261.29M$505.69M$190.54M$165.77M$795.68M$487.72M$183.77M$228.24M$633.19M$403.41M$227.75M$209.10M$546.39M$393.03M$267.99M$258.14M$431.21M$319.98M$290.28M$301.39M$479.51M$428.45M$270.32M
High Forecast$327.45M$325.82M$324.21M$322.60M$320.99M$319.40M$317.82M$316.24M$612.02M$230.60M$200.62M$963.00M$590.27M$222.41M$276.24M$680.92M$429.27M$275.64M$209.10M$546.39M$397.98M$324.34M$312.42M$521.88M$387.26M$290.28M$301.39M$479.51M$428.45M$270.32M
Low Forecast$223.74M$222.63M$221.52M$220.42M$219.33M$218.24M$217.16M$216.08M$418.18M$157.57M$137.08M$658.00M$403.32M$151.97M$188.75M$585.46M$374.97M$188.34M$209.10M$546.39M$388.09M$221.61M$213.47M$356.59M$264.61M$290.28M$301.39M$479.51M$428.45M$270.32M
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221112111111111
EPS---------------------$0.21$0.14$0.77$0.49$0.13$0.13$1.02$0.44$0.13
Avg Forecast$0.80$0.22$0.18$1.17$0.71$0.22$0.21$1.04$0.64$0.21$0.19$0.97$0.58$0.20$0.21$0.89$0.52$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
High Forecast$1.01$0.28$0.23$1.50$0.90$0.29$0.26$1.32$0.82$0.27$0.24$1.23$0.74$0.26$0.27$1.13$0.66$0.20$0.16$0.83$0.56$0.19$0.13$0.96$0.61$0.11$0.12$0.77$0.36$0.10
Low Forecast$0.62$0.17$0.14$0.91$0.55$0.17$0.16$0.81$0.50$0.16$0.15$0.75$0.45$0.16$0.17$0.69$0.40$0.12$0.16$0.83$0.54$0.11$0.08$0.58$0.37$0.11$0.12$0.77$0.36$0.10
Surprise %---------------------1.33%1.32%1.02%1.02%1.24%1.08%1.33%1.23%1.37%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OGSONE Gas$70.50$76.508.51%Hold
UGIUGI$27.70$30.008.30%Hold
ATOAtmos Energy$141.38$152.007.51%Buy
NWNNorthwest Natural Company$41.03$44.007.24%Hold
SRSpire$68.30$72.005.42%Buy
NINiSource$36.21$37.333.09%Buy
CPKChesapeake Utilities$125.16$124.00-0.93%Hold
NJRNew Jersey Resources$47.52$47.00-1.09%Hold

NI Forecast FAQ

Is NiSource a good buy?

Yes, according to 12 Wall Street analysts, NiSource (NI) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 83.33% of NI's total ratings.

What is NI's price target?

NiSource (NI) average price target is $37.33 with a range of $36 to $39, implying a 3.21% from its last price of $36.17. The data is based on 12 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 3.21% (from the last price of $36.17 to the average price target of $37.33), up by 7.82% based on the highest stock price target, and down by -0.47% based on the lowest stock price target.

Can NiSource stock reach $50?

NI's average twelve months analyst stock price target of $37.33 does not support the claim that NiSource can reach $50 in the near future.

What are NiSource's analysts' financial forecasts?

NiSource's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.56B (high $5.52B, low $3.77B), average EBITDA is $1.52B (high $1.84B, low $1.26B), average net income is $991.38M (high $1.26B, low $768.36M), average SG&A $1.05B (high $1.27B, low $870.81M), and average EPS is $2.18 (high $2.78, low $1.69). NI's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $4.65B (high $5.63B, low $3.85B), average EBITDA is $1.55B (high $1.88B, low $1.28B), average net income is $1.08B (high $1.37B, low $834.78M), average SG&A $1.07B (high $1.3B, low $888.31M), and average EPS is $2.37 (high $3.02, low $1.84).

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, beating the average prediction of $2B by 0.64%. The company's net income was $804.1M, beating the average estimation of $687.16M by 17.02%. Apple's SG&A was $0, missing the average forecast of $1.39B 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 $387.31M by -52.52%. NiSource's net income was $85.1M, beating the average estimation of $71.67M by 18.74%. The company's SG&A was $0, missing the average forecast of $267.99M by -100.00%. Lastly, the company's EPS was $0.21, beating the average prediction of $0.158 by 33.17%