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ReNew Energy Global (RNW) Stock Forecast, Price Target & Predictions

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RNW Stock Forecast

ReNew Energy Global (RNW) stock forecast, based on 3 Wall Street analysts, predicts a 12-month average price target of $9.00, with a high of $9.00 and a low of $9.00. This represents a 36.99% increase from the last price of $6.57.

High: $9 Avg: $9 Low: $9 Last Closed Price: $6.57

RNW Stock Rating

ReNew Energy Global stock's rating consensus is Hold, based on 3 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (33.33%), 2 Hold (66.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 3 0 2 1 Strong Sell Sell Hold Buy Strong Buy

RNW Forecast vs Benchmarks

TypeNameUpside
StockReNew Energy Global36.99%
SectorUtilities Stocks11.08%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$9.00
Last Closing Price$6.57$6.57$6.57
Upside/Downside--36.99%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25131--5
Dec, 24241--7
Nov, 24261--9
Oct, 24261--9
Sep, 24261--9
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 07, 2024Nikhil NiganiaBernstein$9.00$6.2045.16%36.99%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Sep 26, 2024Morgan StanleyEqual-Weightdowngrade
Jun 07, 2024BernsteinOutperformOutperformhold
Apr 26, 2022Zacks Investment ResearchHoldupgrade

Financial Forecast

EPS Forecast

$-50 $-20 $10 $40 $70 $100 Mar 22 Mar 23 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$-40.58$-13.48-----
Avg Forecast$9.96$-20.03$-0.51$7.92$23.01$32.82$86.13
High Forecast$8.72$-22.59$-1.28$6.34$12.94$22.50$74.74
Low Forecast$11.57$-17.38$0.26$9.51$32.36$43.15$97.16
Surprise %-507.43%-32.70%-----

Revenue Forecast

$50B $90B $130B $170B $210B $250B Mar 22 Mar 23 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$59.35B$78.22B-----
Avg Forecast$67.65B$76.87B$88.31B$97.65B$124.78B$150.34B$189.31B
High Forecast$61.22B$69.05B$85.88B$87.71B$118.21B$148.49B$170.06B
Low Forecast$76.08B$84.45B$90.74B$98.45B$131.35B$152.19B$207.98B
Surprise %-12.27%1.76%-----

Net Income Forecast

$-20B $-8B $4B $16B $28B $40B Mar 22 Mar 23 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28
Reported$-16.20B$-5.03B-----
Avg Forecast$3.65B$-7.32B$-186.78M$2.90B$8.28B$12.00B$31.48B
High Forecast$3.20B$-8.26B$-466.94M$2.32B$4.73B$8.23B$27.32B
Low Forecast$4.24B$-6.35B$93.39M$3.47B$11.83B$15.77B$35.51B
Surprise %-544.07%-31.30%-----

RNW Forecast FAQ

Is ReNew Energy Global stock a buy?

ReNew Energy Global stock has a consensus rating of Hold, based on 3 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that ReNew Energy Global is a neutral investment for most analysts.

What is ReNew Energy Global's price target?

ReNew Energy Global's price target, set by 3 Wall Street analysts, averages $9 over the next 12 months. The price target range spans from $9 at the low end to $9 at the high end, suggesting a potential 36.99% change from the previous close price of $6.57.

How does ReNew Energy Global stock forecast compare to the average forecast of its sector, industry, and investment themes?

ReNew Energy Global stock forecast shows a 36.99% upside, outperforming the average forecast for the utilities stocks sector (11.08%).

What is the breakdown of analyst ratings for ReNew Energy Global over the past three months?

  • January 2025: 20.00% Strong Buy, 60.00% Buy, 20.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 28.57% Strong Buy, 57.14% Buy, 14.29% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 22.22% Strong Buy, 66.67% Buy, 11.11% Hold, 0% Sell, 0% Strong Sell.

What is ReNew Energy Global’s EPS forecast?

ReNew Energy Global's average annual EPS forecast for its fiscal year ending in March is -0.51 for 2024, a -96.22% decrease from the reported $-13.48 in 2023. The prediction for 2025 is $7.92, $23.01 for 2026, $32.82 for 2027, and $86.13 for 2028.

What is ReNew Energy Global’s revenue forecast?

ReNew Energy Global's average annual revenue forecast for its fiscal year ending in March is $88.31B for 2024, a 12.89% increase from the reported $78.22B in 2023. The forecast for 2025 is $97.65B, $124.78B for 2026, $150.34B for 2027, and $189.31B for 2028.

What is ReNew Energy Global’s net income forecast?

For its fiscal year ending in March, ReNew Energy Global's average annual net income forecast is $-187M for 2024, reflecting a -96.29% decrease from the reported $-5.029B in 2023. The projection for 2025 is $2.9B, $8.28B for 2026, $12B for 2027, and $31.48B for 2028.