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Pinnacle West Capital (PNW) Stock Forecast, Price Target & Predictions

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PNW Stock Forecast

Pinnacle West Capital stock forecast is as follows: an average price target of $90.67 (represents a 5.55% upside from PNW’s last price of $85.90) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

PNW Price Target

The average price target for Pinnacle West Capital (PNW) is $90.67 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $98.00 to $83.00. This represents a potential 5.55% upside from PNW's last price of $85.90.

PNW Analyst Ratings

Buy

According to 11 Wall Street analysts, Pinnacle West Capital's rating consensus is 'Buy'. The analyst rating breakdown for PNW stock is 0 'Strong Buy' (0.00%), 5 'Buy' (45.45%), 5 'Hold' (45.45%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

Pinnacle West Capital Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 18, 2024Nicholas CampanellaBarclays$91.00$86.005.81%5.94%
Oct 29, 2024Tony CrowdellMizuho Securities$98.00$88.2311.07%14.09%
Sep 25, 2024David ArcaroMorgan Stanley$83.00$89.42-7.18%-3.38%
Sep 19, 2024Tony CrowdellMizuho Securities$75.00$88.70-15.45%-12.69%
Jun 05, 2024Sarah AkersWells Fargo$80.00$78.002.56%-6.87%
Mar 11, 2024Daniel FordUBS$71.00$72.30-1.80%-17.35%
Jan 22, 2024Shahriar PourrezaGuggenheim$78.00$69.4012.39%-9.20%
Aug 22, 2023Tony CrowdellMizuho Securities$85.00$77.689.42%-1.05%
Nov 11, 2022Morgan Stanley$67.00$71.63-6.46%-22.00%
Sep 22, 2022Morgan Stanley$76.00$72.704.54%-11.53%
Aug 09, 2022Mizuho Securities$77.00$75.861.50%-10.36%
Jul 26, 2022Morgan Stanley$71.00$72.19-1.65%-17.35%
Jul 21, 2022Morgan Stanley$70.00$69.111.28%-18.51%
Jul 18, 2022Barclays$68.00$69.84-2.63%-20.84%
Jun 30, 2022UBS$67.00$72.30-7.33%-22.00%
May 23, 2022Morgan Stanley$73.00$75.94-3.87%-15.02%
Apr 27, 2022Wells Fargo$81.00$75.417.41%-5.70%
Apr 26, 2022Morgan Stanley$75.00$76.40-1.83%-12.69%
Apr 26, 2022Credit Suisse$73.00$76.78-4.92%-15.02%
Apr 20, 2022Morgan Stanley$77.00$78.05-1.35%-10.36%
Dec 17, 2021Ross FowlerUBS$72.00$66.997.48%-16.18%
Oct 28, 2021Julien Dumoulin SmithBank of America Securities$59.00$64.74-8.87%-31.32%
Oct 07, 2021Shahriar PourrezaGuggenheim$58.00$66.50-12.78%-32.48%
Aug 19, 2021Insoo KimGoldman Sachs$73.00$78.10-6.53%-15.02%

The latest Pinnacle West Capital stock forecast, released on Nov 18, 2024 by Nicholas Campanella from Barclays, set a price target of $91.00, which represents a 5.81% increase from the stock price at the time of the forecast ($86.00), and a 5.94% increase from PNW last price ($85.90).

Pinnacle West Capital Price Target by Period

1M3M12M
# Anlaysts-16
Avg Price Target-$91.00$83.00
Last Closing Price$85.90$85.90$85.90
Upside/Downside-100.00%5.94%-3.38%

In the current month, the average price target of Pinnacle West Capital stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Pinnacle West Capital's last price of $85.90. 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
Nov 18, 2024BarclaysOverweightReduceDowngrade
Oct 16, 2024Wells FargoEqual-WeightEqual-WeightHold
Sep 25, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 19, 2024JefferiesBuyInitialise
Sep 12, 2024BarclaysOverweightOverweightHold
Aug 23, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 05, 2024Wells FargoEqual-WeightEqual-WeightHold
May 28, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 13, 2024BarclaysOverweightOverweightHold
May 07, 2024Bank of America SecuritiesBuyBuyHold
Apr 16, 2024Bank of America SecuritiesBuyBuyHold
Apr 15, 2024BarclaysOverweightOverweightHold
Mar 11, 2024UBSSellNeutralUpgrade
Jan 22, 2024GuggenheimNeutralBuyUpgrade
Oct 05, 2023KeyBancSector WeightUpgrade
Aug 22, 2023Mizuho SecuritiesBuyUpgrade
May 26, 2023Bank of America SecuritiesNeutralUpgrade
May 26, 2023Boenning & ScattergoodNeutralUpgrade
Mar 14, 2023Credit SuisseNeutralOutperformUpgrade
Dec 15, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Nov 21, 2022Credit SuisseNeutralUpgrade
Nov 18, 2022GuggenheimNeutralUpgrade
Nov 17, 2022Wolfe ResearchPeer PerformUpgrade
Nov 11, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Sep 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 23, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 21, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 18, 2022BarclaysUnderweightUnderweightHold
Jun 30, 2022UBSSellSellHold
May 23, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 27, 2022Wells FargoEqual-WeightEqual-WeightHold
Apr 26, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Feb 28, 2022Wells FargoEqual-WeightEqual-WeightHold

Pinnacle West Capital's last stock rating was published by Barclays on Nov 18, 2024. The company Downgrade its PNW rating from "Overweight" to "Reduce".

Pinnacle West Capital Financial Forecast

Pinnacle West Capital Revenue Forecast

Dec 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 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$991.57M$1.64B$1.12B$944.96M$1.01B$1.47B$1.06B$783.53M$798.86M$1.31B$1.00B$696.48M$740.96M$1.25B
Avg Forecast$2.27B$2.22B$2.18B$2.14B$2.10B$2.06B$2.02B$1.98B$1.18B$1.80B$1.31B$977.04M$1.04B$1.70B$1.21B$981.82M$1.12B$1.57B$1.09B$808.33M$638.28M$1.31B$974.59M$692.73M$659.68M$1.24B$946.39M$705.53M$715.75M$1.22B
High Forecast$2.28B$2.24B$2.20B$2.16B$2.11B$2.07B$2.04B$2.00B$1.19B$1.82B$1.32B$984.17M$1.07B$1.72B$1.21B$981.82M$1.19B$1.59B$1.09B$814.23M$645.73M$1.31B$974.59M$692.73M$659.68M$1.24B$946.39M$705.53M$715.75M$1.22B
Low Forecast$2.26B$2.21B$2.17B$2.13B$2.09B$2.05B$2.01B$1.98B$1.18B$1.80B$1.31B$973.42M$1.01B$1.67B$1.21B$981.82M$1.05B$1.56B$1.08B$805.33M$630.83M$1.31B$974.59M$692.73M$659.68M$1.24B$946.39M$705.53M$715.75M$1.22B
# Analysts11111111111231113111111111111010
Surprise %----------------0.89%1.04%1.03%1.17%1.58%1.12%1.09%1.13%1.21%1.05%1.06%0.99%1.04%1.02%

Pinnacle West Capital's average Quarter revenue forecast for Mar 24 based on 1 analysts is $981.82M, with a low forecast of $981.82M, and a high forecast of $981.82M. PNW's average Quarter revenue forecast represents a -0.98% decrease compared to the company's last Quarter revenue of $991.57M (Dec 23).

Pinnacle West Capital EBITDA Forecast

Dec 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 21Jun 21Mar 21Dec 20Sep 20
# Analysts11111111111231113111111111111010
EBITDA----------------$300.10M$759.91M$403.66M$254.43M$249.38M$646.49M$447.51M$280.90M$263.35M$645.92M$488.14M$260.65M$186.23M$650.03M
Avg Forecast$904.41M$887.35M$870.61M$854.19M$838.08M$822.27M$806.76M$791.54M$471.04M$719.78M$523.48M$390.02M$415.65M$677.32M$482.17M$190.11M$445.47M$626.98M$433.79M$172.83M$535.28M$511.88M$379.46M$157.11M$256.85M$483.37M$368.48M$190.54M$278.68M$476.92M
High Forecast$911.01M$893.83M$876.97M$860.42M$844.19M$828.27M$812.65M$797.32M$474.48M$725.03M$527.30M$392.87M$427.42M$686.34M$482.17M$228.13M$476.34M$632.74M$436.95M$207.39M$642.33M$511.88M$379.46M$188.54M$256.85M$483.37M$368.48M$228.65M$278.68M$476.92M
Low Forecast$901.06M$884.06M$867.39M$851.02M$834.97M$819.22M$803.77M$788.61M$469.29M$717.11M$521.54M$388.57M$403.89M$668.30M$482.17M$152.09M$420.13M$621.22M$432.18M$138.26M$428.22M$511.88M$379.46M$125.69M$256.85M$483.37M$368.48M$152.43M$278.68M$476.92M
Surprise %----------------0.67%1.21%0.93%1.47%0.47%1.26%1.18%1.79%1.03%1.34%1.32%1.37%0.67%1.36%

1 analysts predict PNW's average Quarter EBITDA for Mar 24 to be $190.11M, with a high of $228.13M and a low of $152.09M. This is -36.65% lower than Pinnacle West Capital's previous annual EBITDA (Dec 23) of $300.10M.

Pinnacle West Capital Net Income Forecast

Dec 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 21Jun 21Mar 21Dec 20Sep 20
# Analysts11111111111231113111111111111010
Net Income----------------$-12.94M$398.21M$106.66M$1.01M$-19.69M$326.33M$164.31M$16.96M$31.89M$339.80M$215.70M$35.64M$-19.39M$346.37M
Avg Forecast$-754.56M$635.23M$476.07M$307.18M$433.91M$232.65M$61.67M$-120.76M$-37.99M$376.88M$175.98M$8.26M$-16.12M$408.68M$149.78M$11.28M$-15.37M$400.45M$135.90M$10.26M$54.62M$301.90M$151.65M$9.33M$5.52M$322.51M$190.79M$25.66M$4.91M$333.51M
High Forecast$-750.93M$641.26M$480.59M$310.09M$438.03M$234.86M$62.25M$-120.18M$-37.80M$380.45M$177.65M$8.34M$-11.82M$423.99M$153.51M$13.54M$3.07M$401.74M$137.77M$12.31M$65.54M$301.90M$151.65M$11.19M$5.52M$322.51M$190.79M$30.79M$4.91M$333.51M
Low Forecast$-761.72M$632.17M$473.78M$305.70M$431.82M$231.53M$61.37M$-121.91M$-38.35M$375.06M$175.13M$8.22M$-19.35M$393.37M$146.05M$9.03M$-30.75M$399.15M$134.04M$8.21M$43.69M$301.90M$151.65M$7.46M$5.52M$322.51M$190.79M$20.53M$4.91M$333.51M
Surprise %----------------0.84%0.99%0.78%0.10%-0.36%1.08%1.08%1.82%5.78%1.05%1.13%1.39%-3.95%1.04%

Pinnacle West Capital's average Quarter net income forecast for Dec 23 is $-15.37M, with a range of $-30.75M to $3.07M. PNW's average Quarter net income forecast represents a -103.86% decrease compared to the company's last Quarter net income of $398.21M (Sep 23).

Pinnacle West Capital SG&A Forecast

Dec 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 21Jun 21Mar 21Dec 20Sep 20
# Analysts11111111111231113111111111111010
SG&A----------------$30.51M-------------
Avg Forecast$37.77M$37.05M$36.36M$35.67M$35.00M$34.34M$33.69M$33.05M$19.67M$30.06M$21.86M$16.29M$17.36M$28.28M$20.13M$16.37M$18.60M$26.18M$18.11M$13.47M$10.64M$21.92M$16.25M$11.55M$11.00M$20.69M$15.78M$11.76M$11.93M$20.42M
High Forecast$38.04M$37.32M$36.62M$35.93M$35.25M$34.59M$33.93M$33.29M$19.81M$30.28M$22.02M$16.41M$17.85M$28.66M$20.13M$16.37M$19.89M$26.42M$18.25M$13.57M$10.76M$21.92M$16.25M$11.55M$11.00M$20.69M$15.78M$11.76M$11.93M$20.42M
Low Forecast$37.63M$36.92M$36.22M$35.54M$34.87M$34.21M$33.56M$32.93M$19.60M$29.95M$21.78M$16.23M$16.87M$27.91M$20.13M$16.37M$17.54M$25.94M$18.05M$13.42M$10.52M$21.92M$16.25M$11.55M$11.00M$20.69M$15.78M$11.76M$11.93M$20.42M
Surprise %----------------1.64%-------------

Pinnacle West Capital's average Quarter SG&A projection for Mar 24 is $16.37M, based on 1 Wall Street analysts, with a range of $16.37M to $16.37M. The forecast indicates a -46.36% fall compared to PNW last annual SG&A of $30.51M (Dec 23).

Pinnacle West Capital EPS Forecast

Dec 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 21Jun 21Mar 21Dec 20Sep 20
# Analysts11111111111231113111111111111010
EPS----------------$-0.11$3.51$0.94$0.01$-0.17$2.88$1.45$0.15$0.28$3.01$1.91$0.32$-0.17$3.07
Avg Forecast$-6.44$5.42$4.06$2.62$3.70$1.99$0.53$-1.03$-0.32$3.22$1.50$0.07$-0.14$3.49$1.28$-0.02$-0.13$3.42$1.16$0.01$-0.18$2.61$1.31$0.07$0.05$2.79$1.65$0.26$0.04$2.88
High Forecast$-6.41$5.48$4.10$2.65$3.74$2.01$0.53$-1.03$-0.32$3.25$1.52$0.07$-0.10$3.62$1.31$-0.02$0.03$3.43$1.18$0.01$-0.18$2.61$1.31$0.07$0.05$2.79$1.65$0.26$0.04$2.88
Low Forecast$-6.50$5.40$4.05$2.61$3.69$1.98$0.52$-1.04$-0.33$3.20$1.50$0.07$-0.17$3.36$1.25$-0.02$-0.26$3.41$1.14$0.01$-0.18$2.61$1.31$0.07$0.05$2.79$1.65$0.26$0.04$2.88
Surprise %----------------0.84%1.03%0.81%0.80%0.94%1.10%1.11%2.10%5.87%1.08%1.16%1.25%-4.01%1.07%

According to 3 Wall Street analysts, Pinnacle West Capital's projected average Quarter EPS for Dec 23 is $-0.13, with a low estimate of $-0.26 and a high estimate of $0.03. This represents a -103.74% decrease compared to PNW previous annual EPS of $3.51 (Sep 23).

Pinnacle West Capital Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EIXEdison$55.80$86.1754.43%Buy
FEFirstEnergy$39.67$47.6720.17%Hold
PORPortland General Electric$41.28$49.2519.31%Hold
DTEDTE Energy$117.60$137.2916.74%Buy
CMSCMS Energy$65.77$74.5013.27%Buy
EVRGEvergy$63.02$68.508.70%Buy
LNTAlliant Energy$58.59$63.147.77%Buy
PNWPinnacle West Capital$85.90$90.675.55%Buy
PEGPublic Service Enterprise Group$81.70$84.253.12%Buy
IDAIDACORP$108.40$110.501.94%Hold
CNPCenterPoint Energy$32.30$32.14-0.50%Hold
AEEAmeren$92.79$91.00-1.93%Buy
MGEEMGE Energy$88.19$71.00-19.49%Sell

PNW Forecast FAQ

Is Pinnacle West Capital a good buy?

Yes, according to 11 Wall Street analysts, Pinnacle West Capital (PNW) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 45.45% of PNW's total ratings.

What is PNW's price target?

Pinnacle West Capital (PNW) average price target is $90.67 with a range of $83 to $98, implying a 5.55% from its last price of $85.9. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Pinnacle West Capital stock go up soon?

According to Wall Street analysts' prediction for PNW stock, the company can go up by 5.55% (from the last price of $85.9 to the average price target of $90.67), up by 14.09% based on the highest stock price target, and down by -3.38% based on the lowest stock price target.

Can Pinnacle West Capital stock reach $130?

PNW's average twelve months analyst stock price target of $90.67 does not support the claim that Pinnacle West Capital can reach $130 in the near future.

What are Pinnacle West Capital's analysts' financial forecasts?

Pinnacle West Capital's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.16B (high $8.22B, low $8.13B), average EBITDA is $3.26B (high $3.28B, low $3.25B), average net income is $607.47M (high $614.96M, low $602.81M), average SG&A $136.08M (high $137.07M, low $135.57M), and average EPS is $5.19 (high $5.25, low $5.15). PNW's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $8.81B (high $8.87B, low $8.78B), average EBITDA is $3.52B (high $3.54B, low $3.5B), average net income is $663.92M (high $681.02M, low $649.93M), average SG&A $146.85M (high $147.92M, low $146.3M), and average EPS is $5.67 (high $5.81, low $5.55).

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

Based on Pinnacle West Capital's last annual report (Dec 2023), the company's revenue was $4.7B, beating the average analysts forecast of $4.58B by 2.50%. Apple's EBITDA was $1.76B, beating the average prediction of $1.68B by 5.10%. The company's net income was $501.56M, missing the average estimation of $531.24M by -5.59%. Apple's SG&A was $0, missing the average forecast of $76.37M by -100.00%. Lastly, the company's EPS was $4.41, missing the average prediction of $4.46 by -1.11%. In terms of the last quarterly report (Dec 2023), Pinnacle West Capital's revenue was $991.57M, missing the average analysts' forecast of $1.12B by -11.15%. The company's EBITDA was $300.1M, missing the average prediction of $445.47M by -32.63%. Pinnacle West Capital's net income was $-12.941M, missing the average estimation of $-15.373M by -15.82%. The company's SG&A was $30.51M, beating the average forecast of $18.6M by 64.03%. Lastly, the company's EPS was $-0.11, missing the average prediction of $-0.131 by -16.20%