Public Service Enterprise Group (PEG) Stock Forecast, Price Target & Predictions

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PEG Stock Forecast

Public Service Enterprise Group stock forecast is as follows: an average price target of $84.25 (represents a 3.12% upside from PEG’s last price of $81.70) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

PEG Price Target

The average price target for Public Service Enterprise Group (PEG) is $84.25 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $89.00 to $80.00. This represents a potential 3.12% upside from PEG's last price of $81.70.

PEG Analyst Ratings

Buy

According to 9 Wall Street analysts, Public Service Enterprise Group's rating consensus is 'Buy'. The analyst rating breakdown for PEG stock is 0 'Strong Buy' (0.00%), 6 'Buy' (66.67%), 3 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Public Service Enterprise Group 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	James Thalacker	BMO Capital	$89.00	$90.39	-1.54%	8.94%
Sep 12, 2024	Paul Zimbardo	Jefferies	$85.00	$83.31	2.03%	4.04%
Aug 23, 2024	David Arcaro	Morgan Stanley	$83.00	$81.08	2.37%	1.59%
Jul 30, 2024	Greg Gordon	Evercore ISI	$80.00	$78.00	2.56%	-2.08%
Jun 17, 2024	Shahriar Pourreza	Guggenheim	$82.00	$73.28	11.90%	0.37%
May 28, 2024	David Arcaro	Morgan Stanley	$78.00	$74.83	4.24%	-4.53%
May 23, 2024	Paul Fremont	Mizuho Securities	$80.00	$73.96	8.17%	-2.08%
May 01, 2024	James Thalacker	BMO Capital	$69.00	$69.15	-0.22%	-15.54%
Dec 04, 2023	Jeremy Tonet	J.P. Morgan	$70.00	$62.60	11.82%	-14.32%

The latest Public Service Enterprise Group stock forecast, released on Oct 21, 2024 by James Thalacker from BMO Capital, set a price target of $89.00, which represents a -1.54% decrease from the stock price at the time of the forecast ($90.39), and a 8.94% increase from PEG last price ($81.70).

Public Service Enterprise Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	8
Avg Price Target	-	-	$80.75
Last Closing Price	$81.70	$81.70	$81.70
Upside/Downside	-100.00%	-100.00%	-1.16%

In the current month, the average price target of Public Service Enterprise Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Public Service Enterprise Group's last price of $81.70. This month's average price target is down NaN% 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	BMO Capital	Market Perform	Market Perform	Hold
Oct 16, 2024	Wells Fargo	Overweight	Overweight	Hold
Oct 08, 2024	Evercore ISI	Outperform	Outperform	Hold
Oct 07, 2024	Barclays	Overweight	Overweight	Hold
Sep 23, 2024	Morgan Stanley	Overweight	Overweight	Hold
Sep 12, 2024	Jefferies		Hold	Initialise
Aug 23, 2024	Morgan Stanley	Overweight	Overweight	Hold
Aug 20, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Aug 02, 2024	BMO Capital	Market Perform	Market Perform	Hold
Jul 30, 2024	Evercore ISI	Outperform	Outperform	Hold
Jul 10, 2024	Barclays	Overweight	Overweight	Hold
Jul 03, 2024	BMO Capital	Market Perform	Market Perform	Hold
Jun 17, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Jun 17, 2024	Morgan Stanley	Underperform	Underperform	Hold
Jun 17, 2024	Guggenheim		Buy	Upgrade
Jun 06, 2024	Bank of America Securities	Buy	Buy	Hold
May 28, 2024	Morgan Stanley	Overweight	Overweight	Hold
May 23, 2024	Wells Fargo	Sector Perform	Sector Perform	Hold
May 23, 2024	Scotiabank	Underperform	Underperform	Hold
May 01, 2024	BMO Capital	Market Perform	Market Perform	Hold
Apr 15, 2024	Barclays	Overweight	Overweight	Hold
Apr 04, 2024	RBC Capital	Underperform	Underperform	Hold
Apr 04, 2024	Wells Fargo	Market Perform	Market Perform	Hold
Dec 04, 2023	Barclays	Overweight	Overweight	Hold
Jun 20, 2023	Morgan Stanley		Equal-Weight	Initialise

Public Service Enterprise Group's last stock rating was published by BMO Capital on Oct 21, 2024. The company gave PEG a "Market Perform" rating, the same as its previous rate.

Public Service Enterprise Group Financial Forecast

Public Service Enterprise Group 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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.60B	$2.46B	$2.42B	$3.75B	$3.14B	$2.27B	$2.08B	$2.31B	$3.06B	$1.90B
Avg Forecast	$2.51B	$1.72B	$1.89B	$2.34B	$3.18B	$2.09B	$2.21B	$1.45B	$3.15B	$1.98B	$2.10B	$1.37B	$4.82B	$2.58B	$2.38B	$2.66B	$2.19B	$2.43B	$2.03B	$2.99B	$2.40B	$2.18B	$1.95B	$2.80B	$2.13B	$1.99B	$1.81B	$2.60B	$3.12B	$2.56B
High Forecast	$2.76B	$1.89B	$2.08B	$2.58B	$3.50B	$2.30B	$2.44B	$1.59B	$3.47B	$2.18B	$2.31B	$1.51B	$5.31B	$2.84B	$2.62B	$3.05B	$2.42B	$2.44B	$2.03B	$2.99B	$2.97B	$2.18B	$2.15B	$3.08B	$2.33B	$1.99B	$1.81B	$2.60B	$3.12B	$2.56B
Low Forecast	$2.25B	$1.55B	$1.70B	$2.11B	$2.86B	$1.88B	$1.99B	$1.30B	$2.83B	$1.78B	$1.88B	$1.23B	$4.33B	$2.32B	$2.14B	$2.32B	$1.89B	$2.41B	$2.03B	$2.99B	$1.51B	$2.18B	$1.75B	$2.51B	$1.94B	$1.99B	$1.81B	$2.60B	$3.12B	$2.56B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	3	5	4	4	4	5	4	4	4	3	3	3	3	4	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.09%	1.13%	1.24%	1.34%	1.47%	1.14%	1.15%	0.89%	0.98%	0.74%

Public Service Enterprise Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $2.99B, with a low forecast of $2.99B, and a high forecast of $2.99B. PEG's average Quarter revenue forecast represents a 14.59% increase compared to the company's last Quarter revenue of $2.60B (Dec 23).

Public Service Enterprise Group 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	3	5	4	4	4	5	4	4	4	3	3	3	3	4	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.09B	$310.00M	$532.00M	$2.00B	$1.41B	$668.00M	$727.00M	$412.00M	$1.07B	$-1.79B
Avg Forecast	$831.56M	$570.64M	$628.43M	$777.89M	$1.06B	$693.74M	$734.66M	$479.91M	$1.04B	$656.92M	$695.67M	$454.44M	$1.60B	$857.66M	$789.81M	$882.48M	$725.91M	$805.84M	$672.81M	$391.36M	$796.71M	$723.87M	$647.51M	$309.37M	$1.14B	$755.27M	$683.94M	$244.56M	$1.18B	$971.00M
High Forecast	$915.35M	$628.14M	$691.75M	$856.28M	$1.16B	$763.64M	$808.68M	$528.27M	$1.15B	$723.12M	$765.77M	$500.24M	$1.76B	$944.08M	$869.39M	$1.01B	$804.14M	$810.96M	$672.81M	$469.63M	$986.02M	$723.87M	$712.76M	$371.25M	$1.37B	$755.27M	$683.94M	$293.48M	$1.18B	$971.00M
Low Forecast	$747.15M	$512.72M	$564.64M	$698.93M	$948.06M	$623.32M	$660.09M	$431.20M	$938.68M	$590.24M	$625.06M	$408.32M	$1.44B	$770.60M	$709.64M	$770.57M	$625.79M	$800.72M	$672.81M	$313.08M	$500.90M	$723.87M	$581.79M	$247.50M	$910.08M	$755.27M	$683.94M	$195.65M	$1.18B	$971.00M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.37%	0.43%	0.82%	6.47%	1.24%	0.88%	1.06%	1.68%	0.90%	-1.84%

4 analysts predict PEG's average Quarter EBITDA for Mar 24 to be $391.36M, with a high of $469.63M and a low of $313.08M. This is -64.03% lower than Public Service Enterprise Group's previous annual EBITDA (Dec 23) of $1.09B.

Public Service Enterprise Group 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	3	5	4	4	4	5	4	4	4	3	3	3	3	4	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$546.00M	$139.00M	$591.00M	$1.29B	$788.00M	$114.00M	$131.00M	$-2.00M	$445.00M	$-1.56B
Avg Forecast	$506.60M	$619.63M	$458.95M	$942.63M	$485.95M	$592.78M	$438.60M	$901.03M	$446.68M	$547.03M	$406.43M	$833.23M	$421.56M	$509.85M	$375.90M	$687.76M	$415.80M	$435.14M	$311.48M	$-2.60M	$260.26M	$375.12M	$314.45M	$-2.06M	$474.89M	$413.73M	$321.99M	$-1.63M	$333.15M	$461.73M
High Forecast	$572.96M	$700.79M	$519.07M	$1.07B	$549.61M	$670.43M	$496.06M	$1.02B	$505.19M	$618.68M	$459.67M	$942.37M	$476.79M	$576.64M	$425.14M	$718.78M	$425.81M	$450.82M	$311.49M	$-2.08M	$265.18M	$376.06M	$355.64M	$-1.64M	$569.87M	$413.73M	$321.99M	$-1.30M	$333.15M	$461.73M
Low Forecast	$439.75M	$537.86M	$398.39M	$818.24M	$421.82M	$514.56M	$380.73M	$782.13M	$387.74M	$474.84M	$352.80M	$723.28M	$365.94M	$442.57M	$326.30M	$667.07M	$410.79M	$419.46M	$311.47M	$-3.12M	$255.35M	$374.18M	$272.96M	$-2.47M	$379.91M	$413.73M	$321.99M	$-1.95M	$333.15M	$461.73M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.10%	0.37%	1.88%	-626.09%	1.66%	0.28%	0.41%	1.23%	1.34%	-3.39%

Public Service Enterprise Group's average Quarter net income forecast for Mar 24 is $-2.60M, with a range of $-3.12M to $-2.08M. PEG's average Quarter net income forecast represents a -100.48% decrease compared to the company's last Quarter net income of $546.00M (Dec 23).

Public Service Enterprise Group 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	3	5	4	4	4	5	4	4	4	3	3	3	3	4	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$-26.41M	$-18.13M	$-19.96M	$-24.71M	$-33.52M	$-22.04M	$-23.34M	$-15.24M	$-33.19M	$-20.87M	$-22.10M	$-14.44M	$-50.84M	$-27.24M	$-25.09M	$-28.03M	$-23.06M	$-25.60M	$-21.37M	$-31.47M	$-25.31M	$-22.99M	$-20.57M	$-29.47M	$-22.50M	$53.84M	$48.76M	$70.20M	$84.32M	$69.22M
High Forecast	$-23.73M	$-16.29M	$-17.94M	$-22.20M	$-30.11M	$-19.80M	$-20.97M	$-13.70M	$-29.82M	$-18.75M	$-19.85M	$-12.97M	$-45.68M	$-24.48M	$-22.54M	$-24.48M	$-19.88M	$-25.43M	$-21.37M	$-31.47M	$-15.91M	$-22.99M	$-18.48M	$-26.47M	$-20.47M	$53.84M	$48.76M	$70.20M	$84.32M	$69.22M
Low Forecast	$-29.08M	$-19.95M	$-21.97M	$-27.20M	$-36.89M	$-24.26M	$-25.69M	$-16.78M	$-36.53M	$-22.97M	$-24.32M	$-15.89M	$-55.96M	$-29.99M	$-27.62M	$-32.20M	$-25.54M	$-25.76M	$-21.37M	$-31.47M	$-31.32M	$-22.99M	$-22.64M	$-32.43M	$-24.52M	$53.84M	$48.76M	$70.20M	$84.32M	$69.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Public Service Enterprise Group'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 PEG last annual SG&A of $NaN (undefined).

Public Service Enterprise Group 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	3	5	4	4	4	5	4	4	4	3	3	3	3	4	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.28	$1.19	$2.58	$1.58	$0.23	$0.26	$-0.00	$0.88	$-3.10
Avg Forecast	$1.01	$1.24	$0.92	$1.89	$0.97	$1.19	$0.88	$1.80	$0.89	$1.09	$0.81	$1.67	$0.84	$1.02	$0.75	$1.38	$0.83	$0.87	$0.62	$1.30	$0.52	$0.75	$0.63	$1.25	$0.62	$0.83	$0.64	$1.13	$0.67	$0.92
High Forecast	$1.15	$1.40	$1.04	$2.13	$1.10	$1.34	$0.99	$2.04	$1.01	$1.24	$0.92	$1.88	$0.95	$1.15	$0.85	$1.44	$0.85	$0.90	$0.62	$1.31	$0.53	$0.75	$0.71	$1.41	$0.70	$0.83	$0.64	$1.13	$0.67	$0.92
Low Forecast	$0.88	$1.08	$0.80	$1.64	$0.84	$1.03	$0.76	$1.56	$0.78	$0.95	$0.71	$1.45	$0.73	$0.89	$0.65	$1.33	$0.82	$0.84	$0.62	$1.30	$0.51	$0.75	$0.55	$1.08	$0.55	$0.83	$0.64	$1.13	$0.67	$0.92
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37%	1.89%	2.07%	2.53%	0.28%	0.40%	-0.00%	1.32%	-3.36%

According to 5 Wall Street analysts, Public Service Enterprise Group's projected average Quarter EPS for Dec 23 is $0.52, with a low estimate of $0.51 and a high estimate of $0.53. This represents a 85.90% increase compared to PEG previous annual EPS of $0.28 (Sep 23).

Public Service Enterprise Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ETR	Entergy	$79.24	$140.25	76.99%	Buy
EIX	Edison	$55.80	$86.17	54.43%	Buy
FE	FirstEnergy	$39.67	$47.67	20.17%	Hold
EXC	Exelon	$39.57	$46.00	16.25%	Buy
CMS	CMS Energy	$65.77	$74.50	13.27%	Buy
PPL	PPL	$32.73	$36.50	11.52%	Buy
DUK	Duke Energy	$110.62	$123.33	11.49%	Buy
EVRG	Evergy	$63.02	$68.50	8.70%	Buy
LNT	Alliant Energy	$58.59	$63.14	7.77%	Buy
D	Dominion Energy	$55.10	$58.60	6.35%	Hold
AEP	American Electric Power	$98.05	$104.00	6.07%	Hold
PNW	Pinnacle West Capital	$85.90	$90.67	5.55%	Buy
SO	Southern	$82.83	$86.50	4.43%	Hold
XEL	Xcel Energy	$66.07	$68.75	4.06%	Buy
PEG	Public Service Enterprise Group	$81.70	$84.25	3.12%	Buy
CNP	CenterPoint Energy	$32.30	$32.14	-0.50%	Hold

PEG Forecast FAQ

Is Public Service Enterprise Group a good buy?

Yes, according to 9 Wall Street analysts, Public Service Enterprise Group (PEG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 66.67% of PEG's total ratings.

What is PEG's price target?

Public Service Enterprise Group (PEG) average price target is $84.25 with a range of $80 to $89, implying a 3.12% from its last price of $81.7. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Public Service Enterprise Group stock go up soon?

According to Wall Street analysts' prediction for PEG stock, the company can go up by 3.12% (from the last price of $81.7 to the average price target of $84.25), up by 8.94% based on the highest stock price target, and down by -2.08% based on the lowest stock price target.

Can Public Service Enterprise Group stock reach $120?

PEG's average twelve months analyst stock price target of $84.25 does not support the claim that Public Service Enterprise Group can reach $120 in the near future.

What are Public Service Enterprise Group's analysts' financial forecasts?

Public Service Enterprise Group's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $8.93B (high $9.83B, low $8.02B), average EBITDA is $2.96B (high $3.26B, low $2.66B), average net income is $2.42B (high $2.74B, low $2.1B), average SG&A $-94.133M (high $-84.578M, low $-104M), and average EPS is $4.84 (high $5.47, low $4.2). PEG's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $8.46B (high $9.32B, low $7.6B), average EBITDA is $2.81B (high $3.09B, low $2.52B), average net income is $2.53B (high $2.86B, low $2.19B), average SG&A $-89.211M (high $-80.156M, low $-98.2M), and average EPS is $5.06 (high $5.72, low $4.39).

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

Based on Public Service Enterprise Group's last annual report (Dec 2023), the company's revenue was $11.24B, beating the average analysts forecast of $9.33B by 20.46%. Apple's EBITDA was $2.43B, missing the average prediction of $2.48B by -1.83%. The company's net income was $2.56B, beating the average estimation of $947.78M by 170.42%. Apple's SG&A was $0, missing the average forecast of $-98.333M by -100.00%. Lastly, the company's EPS was $5.13, beating the average prediction of $3.15 by 63.10%. In terms of the last quarterly report (Dec 2023), Public Service Enterprise Group's revenue was $2.6B, beating the average analysts' forecast of $2.4B by 8.51%. The company's EBITDA was $1.09B, beating the average prediction of $796.71M by 36.56%. Public Service Enterprise Group's net income was $546M, beating the average estimation of $260.26M by 109.79%. The company's SG&A was $0, missing the average forecast of $-25.307M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.521 by -100.00%