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 $72.67 (represents a -19.88% downside from PNW’s last price of $90.70) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

PNW Price Target


The average price target for Pinnacle West Capital (PNW) is $72.67 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $59.00. This represents a potential -19.88% downside from PNW's last price of $90.70.

PNW Analyst Ratings


Buy

According to 10 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' (50.00%), 5 'Hold' (50.00%), 0 'Sell' (0.00%), 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
Jun 05, 2024Sarah AkersWells Fargo$80.00$78.002.56%-11.80%
Mar 11, 2024Daniel FordUBS$71.00$72.30-1.80%-21.72%
Jan 22, 2024Shahriar PourrezaGuggenheim$78.00$69.4012.39%-14.00%
Aug 22, 2023Tony CrowdellMizuho Securities$85.00$77.689.42%-6.28%
Nov 11, 2022-Morgan Stanley$67.00$71.63-6.46%-26.13%
Sep 22, 2022-Morgan Stanley$76.00$72.704.54%-16.21%
Aug 09, 2022-Mizuho Securities$77.00$75.861.50%-15.10%
Jul 26, 2022-Morgan Stanley$71.00$72.19-1.65%-21.72%
Jul 21, 2022-Morgan Stanley$70.00$69.111.28%-22.82%
Jul 18, 2022-Barclays$68.00$69.84-2.63%-25.03%
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The latest Pinnacle West Capital stock forecast, released on Jun 05, 2024 by Sarah Akers from Wells Fargo, set a price target of $80.00, which represents a 2.56% increase from the stock price at the time of the forecast ($78.00), and a -11.80% decrease from PNW last price ($90.70).

Pinnacle West Capital Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$76.33
Last Closing Price$90.70$90.70$90.70
Upside/Downside-100.00%-100.00%-15.84%

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 $90.70. 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


DateCompanyPrevious RatingNew RatingRating Change
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
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Pinnacle West Capital's last stock rating was published by Barclays on Sep 12, 2024. The company gave PNW a "Overweight" rating, the same as its previous rate.

Pinnacle West Capital Financial Forecast


Pinnacle West Capital Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
Revenue--------$991.57M$1.64B$1.12B$944.96M$1.01B$1.47B-$783.53M$798.86M$1.31B$1.00B$696.48M$740.96M$1.25B$929.59M$661.93M$670.39M$1.19B$869.50M$740.53M$756.38M$1.27B
Avg Forecast$1.20B$1.66B$1.26B$993.48M$1.05B$1.65B$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$916.47M$741.86M$772.22M$1.26B$979.37M$718.70M$591.95M$1.23B
High Forecast$1.27B$1.76B$1.34B$1.05B$1.11B$1.68B$1.28B$1.04B$1.19B$1.66B$1.15B$856.01M$675.93M$1.39B$974.59M$736.73M$701.59M$1.32B$1.01B$750.35M$761.21M$1.30B$974.69M$788.99M$821.27M$1.34B$1.04B$764.35M$710.34M$1.48B
Low Forecast$1.14B$1.58B$1.20B$942.21M$998.18M$1.63B$1.15B$931.15M$1.05B$1.49B$1.03B$766.61M$605.34M$1.25B$974.59M$618.02M$588.53M$1.11B$844.31M$629.44M$638.55M$1.09B$817.63M$661.85M$688.94M$1.13B$873.74M$641.19M$473.56M$985.44M
# Analysts----1211311111--11133333234579
Surprise %--------0.89%1.04%1.03%1.17%1.58%1.12%-1.13%1.21%1.05%1.06%0.99%1.04%1.02%1.01%0.89%0.87%0.94%0.89%1.03%1.28%1.03%

Pinnacle West Capital's average Quarter revenue forecast for Mar 24 based on 1 analysts is $981.82M, with a low forecast of $931.15M, and a high forecast of $1.04B. 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts----1211311111--11133333234579
EBITDA--------$300.10M$759.91M$403.66M$254.43M$249.38M$646.49M-$280.90M$263.35M$645.92M$488.14M$260.65M$186.23M$650.03M$455.83M$235.23M$193.06M$587.83M$376.37M$236.05M$242.06M$611.96M
Avg Forecast$468.74M$648.07M$491.69M$386.82M$409.79M$641.38M$470.29M$190.11M$434.50M$611.54M$423.10M$172.83M$248.52M$759.81M$379.46M$157.11M$486.62M$600.64M$409.11M$190.54M$278.68M$602.60M$387.07M$168.36M$148.03M$633.24M$415.90M$242.13M$180.51M$601.13M
High Forecast$496.38M$686.29M$520.69M$409.63M$433.96M$653.40M$498.03M$228.13M$464.61M$647.61M$448.06M$207.39M$263.17M$911.78M$379.46M$188.54M$583.94M$720.77M$490.93M$228.65M$296.38M$723.12M$464.48M$202.03M$177.63M$759.89M$499.09M$290.55M$216.62M$721.36M
Low Forecast$444.55M$614.62M$466.31M$366.85M$388.64M$633.36M$446.02M$152.09M$409.78M$579.98M$401.27M$138.26M$235.69M$607.85M$379.46M$125.69M$389.29M$480.51M$327.29M$152.43M$248.62M$482.08M$309.65M$134.69M$118.42M$506.60M$332.72M$193.70M$144.41M$480.91M
Surprise %--------0.69%1.24%0.95%1.47%1.00%0.85%-1.79%0.54%1.08%1.19%1.37%0.67%1.08%1.18%1.40%1.30%0.93%0.90%0.97%1.34%1.02%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts----1211311111--11133333234579
Net Income--------$-12.94M$398.21M$106.66M$1.01M$-19.69M$326.33M-$16.96M$31.89M$339.80M$215.70M$35.64M$-19.39M$346.37M$193.59M$29.99M$63.98M$312.28M$144.15M$17.92M$26.08M$315.01M
Avg Forecast$-57.61M$372.13M$159.37M$19.56M$-29.42M$369.22M$148.10M$11.28M$-15.20M$395.95M$134.38M$10.26M$-20.87M$395.83M$149.59M$9.33M$49.65M$312.91M$178.64M$25.66M$-109.07M$319.63M$161.98M$21.21M$48.68M$336.22M$158.36M$17.92M$18.83M$305.75M
High Forecast$-53.75M$400.67M$171.59M$21.06M$-27.45M$384.66M$159.45M$13.54M$3.04M$426.31M$144.68M$12.31M$-19.47M$474.99M$149.59M$11.19M$59.58M$375.49M$214.37M$30.79M$-87.26M$383.56M$194.38M$25.45M$58.42M$403.46M$190.03M$21.50M$22.60M$366.90M
Low Forecast$-62.03M$347.17M$148.68M$18.25M$-31.68M$362.10M$138.16M$9.03M$-30.40M$369.38M$125.36M$8.21M$-22.47M$316.66M$149.59M$7.46M$39.72M$250.33M$142.92M$20.53M$-130.89M$255.71M$129.58M$16.97M$38.94M$268.97M$126.69M$14.33M$15.07M$244.60M
Surprise %--------0.85%1.01%0.79%0.10%0.94%0.82%-1.82%0.64%1.09%1.21%1.39%0.18%1.08%1.20%1.41%1.31%0.93%0.91%1.00%1.38%1.03%

Pinnacle West Capital's average Quarter net income forecast for Dec 23 is $-15.20M, with a range of $-30.40M to $3.04M. PNW's average Quarter net income forecast represents a -103.82% decrease compared to the company's last Quarter net income of $398.21M (Sep 23).

Pinnacle West Capital SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts----1211311111--11133333234579
SG&A--------$30.51M---------------------
Avg Forecast$20.07M$27.75M$21.05M$16.56M$17.54M$27.46M$20.13M$16.37M$18.60M$26.18M$18.11M$13.47M$10.64M$21.92M$16.25M$10.35M$9.85M$18.55M$14.14M$10.54M$10.69M$18.30M$13.69M$11.08M$11.54M$18.89M$14.63M$10.74M$8.84M$18.40M
High Forecast$21.25M$29.38M$22.29M$17.54M$18.58M$27.97M$21.32M$17.33M$19.89M$27.73M$19.18M$14.27M$11.27M$23.21M$16.25M$11.01M$10.48M$19.72M$15.04M$11.21M$11.37M$19.46M$14.56M$11.79M$12.27M$20.09M$15.56M$11.42M$10.61M$22.08M
Low Forecast$19.03M$26.31M$19.96M$15.71M$16.64M$27.12M$19.10M$15.52M$17.54M$24.83M$17.18M$12.78M$10.09M$20.78M$16.25M$9.23M$8.79M$16.55M$12.61M$9.40M$9.54M$16.32M$12.21M$9.89M$10.29M$16.85M$13.05M$9.58M$7.07M$14.72M
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 $15.52M to $17.33M. 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts----1211311111--11133333234579
EPS--------$-0.11$3.51$0.94$0.01$-0.17$2.88-$0.15$0.28$3.01$1.91$0.32$-0.17$3.07$1.72$0.27$0.57$2.78$1.28$0.16$0.23$2.81
Avg Forecast$-0.50$3.21$1.38$0.17$-0.25$3.19$1.28$-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$1.50$0.16$0.47$2.99$1.42$0.17$0.13$2.64
High Forecast$-0.46$3.46$1.48$0.18$-0.24$3.32$1.38$-0.02$0.03$3.68$1.25$0.01$-0.17$2.81$1.31$0.08$0.05$3.01$1.78$0.28$0.05$3.12$1.62$0.18$0.51$3.23$1.54$0.18$0.16$3.17
Low Forecast$-0.54$3.00$1.28$0.16$-0.27$3.13$1.19$-0.02$-0.26$3.19$1.08$0.01$-0.19$2.43$1.31$0.06$0.04$2.39$1.42$0.22$0.04$2.48$1.29$0.14$0.41$2.57$1.22$0.14$0.10$2.11
Surprise %--------0.84%1.03%0.81%0.80%0.94%1.10%-2.10%5.87%1.08%1.16%1.25%-4.01%1.07%1.15%1.67%1.21%0.93%0.90%0.95%1.77%1.06%

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
AGRAvangrid$35.88$43.6721.71%Hold
CNPCenterPoint Energy$27.93$30.559.38%Hold
AEEAmeren$83.99$89.736.83%Buy
DTEDTE Energy Company$125.95$133.926.33%Buy
PORPortland General Electric Company$48.59$49.882.65%Buy
LNTAlliant Energy$59.65$61.002.26%Buy
EVRGEvergy$61.06$61.330.44%Buy
FEFirstEnergy$44.47$44.630.36%Buy
IDAIDACORP$103.51$102.00-1.46%Hold
EIXEdison$85.42$82.63-3.27%Hold
CMSCMS Energy$70.09$65.85-6.05%Buy
PEGPublic Service Enterprise Group$84.16$78.43-6.81%Buy
PNWPinnacle West Capital$90.70$72.67-19.88%Buy
MGEEMGE Energy$90.60$71.00-21.63%Sell

PNW Forecast FAQ


Yes, according to 10 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 50.00% of PNW's total ratings.

Pinnacle West Capital (PNW) average price target is $72.67 with a range of $59 to $85, implying a -19.88% from its last price of $90.7. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PNW stock, the company can go down by -19.88% (from the last price of $90.7 to the average price target of $72.67), down by -6.28% based on the highest stock price target, and down by -34.95% based on the lowest stock price target.

PNW's average twelve months analyst stock price target of $72.67 does not support the claim that Pinnacle West Capital can reach $140 in the near future.

Pinnacle West Capital's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.89B (high $5.11B, low $4.7B), average EBITDA is $1.71B (high $1.81B, low $1.62B), average net income is $499.18M (high $530.2M, low $477.61M), average SG&A $81.5M (high $85.21M, low $78.37M), and average EPS is $4.19 (high $4.44, low $4.02). PNW's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.12B (high $5.43B, low $4.86B), average EBITDA is $2B (high $2.11B, low $1.89B), average net income is $493.45M (high $539.57M, low $452.06M), average SG&A $85.43M (high $90.46M, low $81.02M), and average EPS is $4.26 (high $4.66, low $3.9).

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 $1.64B by 7.47%. The company's net income was $501.56M, missing the average estimation of $525.38M by -4.53%. 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 $434.5M by -30.93%. Pinnacle West Capital's net income was $-12.941M, missing the average estimation of $-15.2M by -14.86%. 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%