PG&E (PCG) Stock Forecast, Price Target & Predictions

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PCG Stock Forecast

PG&E stock forecast is as follows: an average price target of $24.50 (represents a 22.56% upside from PCG’s last price of $19.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

PCG Price Target

The average price target for PG&E (PCG) is $24.50 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $24.00. This represents a potential 22.56% upside from PCG's last price of $19.99.

PCG Analyst Ratings

Buy

According to 11 Wall Street analysts, PG&E's rating consensus is 'Buy'. The analyst rating breakdown for PCG stock is 0 'Strong Buy' (0.00%), 10 'Buy' (90.91%), 1 'Hold' (9.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

PG&E Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 21, 2024	Nicholas Campanella	Barclays	$25.00	$20.38	22.67%	25.06%
Oct 14, 2024	Julian Dumoulin-Smith	Jefferies	$24.00	$19.63	22.26%	20.06%
Jul 22, 2024	Nicholas Campanella	Barclays	$22.00	$18.00	22.22%	10.06%
Jun 03, 2024	Gregg Orrill	UBS	$22.00	$18.54	18.66%	10.06%
May 17, 2024	Anthony Crowdell	Mizuho Securities	$23.00	$18.45	24.66%	15.06%
Aug 07, 2023	Gregg Orrill	UBS	$21.00	$17.57	19.56%	5.05%
Sep 29, 2022		Credit Suisse	$16.00	$12.70	26.03%	-19.96%
Jul 21, 2022		Morgan Stanley	$13.00	$10.45	24.46%	-34.97%
Jul 14, 2022		Credit Suisse	$15.00	$9.89	51.67%	-24.96%
May 23, 2022		Morgan Stanley	$13.50	$11.99	12.55%	-32.47%
Apr 29, 2022		Wells Fargo	$19.00	$12.93	46.95%	-4.95%
Apr 26, 2022		Credit Suisse	$17.00	$11.82	43.82%	-14.96%
Apr 20, 2022		Morgan Stanley	$14.00	$12.45	12.45%	-29.96%
Apr 16, 2022	Paul Fremont	Mizuho Securities	$18.00	$12.30	46.34%	-9.95%
Jan 28, 2022	Paul Fremont	Mizuho Securities	$17.50	$12.69	37.90%	-12.46%

The latest PG&E stock forecast, released on Oct 21, 2024 by Nicholas Campanella from Barclays, set a price target of $25.00, which represents a 22.67% increase from the stock price at the time of the forecast ($20.38), and a 25.06% increase from PCG last price ($19.99).

PG&E Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	5
Avg Price Target	-	$24.50	$23.20
Last Closing Price	$19.99	$19.99	$19.99
Upside/Downside	-100.00%	22.56%	16.06%

In the current month, the average price target of PG&E stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PG&E's last price of $19.99. 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
Oct 21, 2024	Barclays	Overweight	Overweight	Hold
Oct 14, 2024	Jefferies	Neutral	Buy	Initialise
Sep 25, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Sep 12, 2024	Barclays	Overweight	Overweight	Hold
Sep 03, 2024	UBS	Buy	Buy	Hold
Aug 23, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 22, 2024	Barclays	Overweight	Overweight	Hold
Jul 10, 2024	Citigroup	Buy	Buy	Hold
Jun 14, 2024	Citigroup	Buy	Buy	Hold
Jun 05, 2024	Barclays	Overweight	Overweight	Hold
Jun 03, 2024	UBS	Buy	Buy	Hold
May 28, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Apr 18, 2024	Citigroup	Buy	Buy	Hold
Apr 09, 2024	Goldman Sachs		Buy	Initialise
Oct 03, 2023	CFRA		Buy	Upgrade
Aug 07, 2023	UBS	Negative	Buy	Upgrade
Jan 15, 2023	UBS	Neutral	Negative	Downgrade
Jan 03, 2023	UBS		Neutral	Downgrade
Jan 03, 2023	Jefferies		Neutral	Downgrade
Nov 11, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Oct 04, 2022	Bernstein		Outperform	Initialise
Sep 29, 2022	Credit Suisse	Outperform	Outperform	Hold
Aug 23, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 21, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 14, 2022	Credit Suisse	Outperform	Outperform	Hold
May 23, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Apr 29, 2022	Wells Fargo	Overweight	Overweight	Hold
Jan 28, 2022	Mizuho Securities	Buy	Buy	Hold

PG&E's last stock rating was published by Barclays on Oct 21, 2024. The company gave PCG a "Overweight" rating, the same as its previous rate.

PG&E Financial Forecast

PG&E 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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.89B	$5.29B	$6.21B	$5.37B	$5.39B	$5.12B	$5.80B	$5.25B	$5.46B
Avg Forecast	$8.68B	$8.49B	$8.30B	$8.12B	$7.94B	$7.76B	$7.59B	$7.42B	$7.26B	$7.10B	$6.94B	$6.79B	$5.95B	$6.18B	$6.29B	$6.13B	$7.19B	$6.58B	$5.86B	$6.60B	$5.70B	$5.48B	$5.49B	$6.19B	$5.52B	$6.00B	$5.81B	$5.24B	$5.46B	$5.37B
High Forecast	$8.87B	$8.68B	$8.49B	$8.30B	$8.12B	$7.94B	$7.76B	$7.59B	$7.43B	$7.26B	$7.10B	$6.95B	$6.08B	$6.32B	$6.44B	$6.21B	$7.27B	$6.65B	$5.86B	$6.60B	$5.99B	$5.60B	$5.61B	$6.33B	$5.65B	$6.00B	$5.81B	$5.24B	$5.46B	$5.37B
Low Forecast	$8.46B	$8.27B	$8.09B	$7.91B	$7.74B	$7.57B	$7.40B	$7.24B	$7.08B	$6.92B	$6.77B	$6.62B	$5.80B	$6.03B	$6.13B	$6.00B	$7.09B	$6.50B	$5.86B	$6.60B	$5.48B	$5.34B	$5.35B	$6.04B	$5.38B	$6.00B	$5.81B	$5.24B	$5.46B	$5.37B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.07%	0.96%	1.00%	0.97%	0.90%	0.88%	1.11%	0.96%	1.02%

PG&E's average Quarter revenue forecast for Dec 23 based on 3 analysts is $5.70B, with a low forecast of $5.48B, and a high forecast of $5.99B. PCG's average Quarter revenue forecast represents a -3.26% decrease compared to the company's last Quarter revenue of $5.89B (Sep 23).

PG&E 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	3	1	1	1	3	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.40B	$432.00M	$1.90B	$1.40B	$1.90B	$1.38B	$1.66B	$1.58B	$1.24B
Avg Forecast	$1.33B	$1.30B	$1.27B	$1.24B	$1.21B	$1.19B	$1.16B	$1.14B	$1.11B	$1.09B	$1.06B	$1.04B	$909.53M	$945.32M	$962.22M	$937.28M	$1.10B	$1.01B	$896.02M	$2.01B	$870.98M	$837.75M	$839.12M	$1.82B	$1.73B	$1.86B	$1.81B	$1.66B	$1.70B	$1.67B
High Forecast	$1.36B	$1.33B	$1.30B	$1.27B	$1.24B	$1.21B	$1.19B	$1.16B	$1.14B	$1.11B	$1.09B	$1.06B	$930.23M	$966.83M	$984.12M	$949.35M	$1.11B	$1.02B	$896.02M	$2.41B	$915.68M	$856.81M	$858.22M	$2.19B	$2.08B	$1.86B	$1.81B	$1.99B	$1.70B	$1.67B
Low Forecast	$1.29B	$1.26B	$1.24B	$1.21B	$1.18B	$1.16B	$1.13B	$1.11B	$1.08B	$1.06B	$1.03B	$1.01B	$886.46M	$921.34M	$937.81M	$917.66M	$1.08B	$994.30M	$896.02M	$1.61B	$838.47M	$816.50M	$817.84M	$1.46B	$1.39B	$1.86B	$1.81B	$1.33B	$1.70B	$1.67B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.67%	0.51%	1.04%	0.80%	1.02%	0.77%	1.00%	0.93%	0.74%

3 analysts predict PCG's average Quarter EBITDA for Dec 23 to be $870.98M, with a high of $915.68M and a low of $838.47M. This is -37.61% lower than PG&E's previous annual EBITDA (Sep 23) of $1.40B.

PG&E 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	3	1	1	1	3	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$351.00M	$410.00M	$572.00M	$517.00M	$459.00M	$360.00M	$478.00M	$476.00M	$-1.09B
Avg Forecast	$1.04B	$1.03B	$937.78M	$1.12B	$1.06B	$940.46M	$873.38M	$930.28M	$891.92M	$869.95M	$805.02M	$922.88M	$844.77M	$755.69M	$736.03M	$825.87M	$678.47M	$715.03M	$639.21M	$462.70M	$978.84M	$529.49M	$540.23M	$420.64M	$523.60M	$537.62M	$601.39M	$382.40M	$604.02M	$548.80M
High Forecast	$1.07B	$1.06B	$965.53M	$1.15B	$1.09B	$968.27M	$899.22M	$957.79M	$918.30M	$895.69M	$828.83M	$950.18M	$869.76M	$778.04M	$757.81M	$870.51M	$701.08M	$736.18M	$639.51M	$555.24M	$1.00B	$712.08M	$556.22M	$504.77M	$628.32M	$537.62M	$601.39M	$458.88M	$604.02M	$548.80M
Low Forecast	$1.01B	$994.72M	$906.85M	$1.08B	$1.03B	$909.45M	$844.58M	$899.59M	$862.49M	$841.26M	$778.47M	$892.45M	$816.91M	$730.76M	$711.75M	$736.59M	$656.10M	$691.46M	$638.91M	$370.16M	$946.56M	$383.43M	$522.42M	$336.51M	$418.88M	$537.62M	$601.39M	$305.92M	$604.02M	$548.80M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.66%	0.76%	1.36%	0.99%	0.85%	0.60%	1.25%	0.79%	-1.98%

PG&E's average Quarter net income forecast for Dec 23 is $978.84M, with a range of $946.56M to $1.00B. PCG's average Quarter net income forecast represents a 178.87% increase compared to the company's last Quarter net income of $351.00M (Sep 23).

PG&E 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	3	1	1	1	3	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-145.00M	-	$145.00M	-	-	-
Avg Forecast	$159.70M	$156.18M	$152.74M	$149.37M	$146.08M	$142.86M	$139.71M	$136.63M	$133.62M	$130.68M	$127.80M	$124.98M	$109.48M	$113.79M	$115.82M	$112.82M	$132.28M	$121.03M	$107.85M	$121.43M	$104.84M	$100.84M	$101.00M	$113.98M	$101.65M	$110.36M	$106.94M	$96.52M	$100.49M	$98.79M
High Forecast	$163.33M	$159.74M	$156.21M	$152.77M	$149.41M	$146.11M	$142.89M	$139.74M	$136.66M	$133.65M	$130.71M	$127.83M	$111.97M	$116.37M	$118.46M	$114.27M	$133.74M	$122.38M	$107.85M	$121.43M	$110.22M	$103.13M	$103.30M	$116.57M	$103.96M	$110.36M	$106.94M	$96.52M	$100.49M	$98.79M
Low Forecast	$155.65M	$152.22M	$148.86M	$145.58M	$142.38M	$139.24M	$136.17M	$133.17M	$130.23M	$127.36M	$124.56M	$121.81M	$106.70M	$110.90M	$112.88M	$110.46M	$130.46M	$119.68M	$107.85M	$121.43M	$100.92M	$98.28M	$98.44M	$111.09M	$99.07M	$110.36M	$106.94M	$96.52M	$100.49M	$98.79M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.43%	-	1.36%	-	-	-

PG&E's average Quarter SG&A projection for Sep 22 is $110.36M, based on 1 Wall Street analysts, with a range of $110.36M to $110.36M. The forecast indicates a -23.89% fall compared to PCG last annual SG&A of $145.00M (Jun 22).

PG&E 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	3	1	1	1	3	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.16	$0.20	$0.29	$0.26	$0.23	$0.18	$0.24	$0.24	$-0.55
Avg Forecast	$0.49	$0.48	$0.44	$0.52	$0.50	$0.44	$0.41	$0.43	$0.42	$0.41	$0.38	$0.43	$0.39	$0.35	$0.34	$0.39	$0.32	$0.33	$0.30	$0.35	$0.46	$0.25	$0.25	$0.29	$0.28	$0.25	$0.28	$0.25	$0.28	$0.26
High Forecast	$0.50	$0.49	$0.45	$0.54	$0.51	$0.45	$0.42	$0.45	$0.43	$0.42	$0.39	$0.44	$0.41	$0.36	$0.35	$0.41	$0.33	$0.34	$0.30	$0.35	$0.47	$0.33	$0.26	$0.30	$0.28	$0.25	$0.28	$0.25	$0.28	$0.26
Low Forecast	$0.47	$0.46	$0.42	$0.51	$0.48	$0.42	$0.39	$0.42	$0.40	$0.39	$0.36	$0.42	$0.38	$0.34	$0.33	$0.34	$0.31	$0.32	$0.30	$0.35	$0.44	$0.18	$0.24	$0.28	$0.27	$0.25	$0.28	$0.25	$0.28	$0.26
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65%	0.79%	1.01%	0.94%	0.92%	0.64%	0.95%	0.85%	-2.15%

According to 3 Wall Street analysts, PG&E's projected average Quarter EPS for Dec 23 is $0.46, with a low estimate of $0.44 and a high estimate of $0.47. This represents a 185.48% increase compared to PCG previous annual EPS of $0.16 (Sep 23).

PG&E Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ETR	Entergy	$74.84	$140.25	87.40%	Buy
EXC	Exelon	$36.52	$46.00	25.96%	Buy
NEE	NextEra Energy	$72.27	$90.50	25.22%	Buy
PCG	PG&E	$19.71	$24.50	24.30%	Buy
FE	FirstEnergy	$39.84	$47.67	19.65%	Hold
AEP	American Electric Power Company	$91.92	$104.00	13.14%	Hold
DUK	Duke Energy	$107.89	$121.00	12.15%	Buy
ED	Consolidated Edison	$90.84	$99.83	9.90%	Hold
D	Dominion Energy	$53.59	$58.60	9.35%	Hold
PNW	Pinnacle West Capital	$86.10	$90.67	5.31%	Buy
SO	Southern Company	$83.28	$86.50	3.87%	Hold

PCG Forecast FAQ

Is PG&E a good buy?

Yes, according to 11 Wall Street analysts, PG&E (PCG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 90.91% of PCG's total ratings.

What is PCG's price target?

PG&E (PCG) average price target is $24.5 with a range of $24 to $25, implying a 22.56% from its last price of $19.99. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will PG&E stock go up soon?

According to Wall Street analysts' prediction for PCG stock, the company can go up by 22.56% (from the last price of $19.99 to the average price target of $24.5), up by 25.06% based on the highest stock price target, and up by 20.06% based on the lowest stock price target.

Can PG&E stock reach $30?

PCG's average twelve months analyst stock price target of $24.5 does not support the claim that PG&E can reach $30 in the near future.

What are PG&E's analysts' financial forecasts?

PG&E's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $30.72B (high $31.41B, low $29.94B), average EBITDA is $4.7B (high $4.8B, low $4.58B), average net income is $3.81B (high $3.92B, low $3.68B), average SG&A $565.29M (high $578.15M, low $550.95M), and average EPS is $1.78 (high $1.83, low $1.72). PCG's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $33.58B (high $34.34B, low $32.73B), average EBITDA is $5.13B (high $5.25B, low $5B), average net income is $4.13B (high $4.25B, low $3.99B), average SG&A $617.99M (high $632.06M, low $602.32M), and average EPS is $1.93 (high $1.98, low $1.86).

Did the PCG's actual financial results beat the analysts' financial forecasts?

Based on PG&E's last annual report (Dec 2023), the company's revenue was $24.43B, beating the average analysts forecast of $22.86B by 6.88%. Apple's EBITDA was $1.59B, missing the average prediction of $4.37B by -63.70%. The company's net income was $2.26B, missing the average estimation of $2.47B by -8.63%. Apple's SG&A was $0, missing the average forecast of $420.66M by -100.00%. Lastly, the company's EPS was $1.06, missing the average prediction of $1.24 by -14.77%. In terms of the last quarterly report (Sep 2023), PG&E's revenue was $5.89B, beating the average analysts' forecast of $5.48B by 7.46%. The company's EBITDA was $1.4B, beating the average prediction of $837.75M by 66.64%. PG&E's net income was $351M, missing the average estimation of $529.49M by -33.71%. The company's SG&A was $0, missing the average forecast of $100.84M by -100.00%. Lastly, the company's EPS was $0.16, missing the average prediction of $0.247 by -35.24%