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Southern Company (SO) Stock Forecast, Price Target & Predictions

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SO Stock Forecast

Southern Company stock forecast is as follows: an average price target of $86.50 (represents a 5.77% upside from SO’s last price of $81.78) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.

SO Price Target

The average price target for Southern Company (SO) is $86.50 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $83.00. This represents a potential 5.77% upside from SO's last price of $81.78.

SO Analyst Ratings

Hold

According to 13 Wall Street analysts, Southern Company's rating consensus is 'Hold'. The analyst rating breakdown for SO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (46.15%), 7 'Hold' (53.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Southern Company Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 15, 2024Nicholas CampanellaBarclays$83.00$89.84-7.61%1.49%
Sep 16, 2024Anthony CrowdelMizuho Securities$90.00$89.440.63%10.05%
May 15, 2024Marie FergusonArgus Research$90.00$78.7114.34%10.05%
May 03, 2024James ThalackerBMO Capital$80.00$75.466.02%-2.18%
Apr 15, 2024Nicholas CampanellaBarclays$66.00$68.73-3.97%-19.30%
Apr 02, 2024Paul FremontMizuho Securities$76.00$71.106.89%-7.07%
Feb 06, 2024Ryan LevineCitigroup$82.00$67.1822.06%0.27%
Jan 11, 2024James ThalackerBMO Capital$77.00$70.589.10%-5.84%
Dec 16, 2022BMO Capital$74.00$69.147.03%-9.51%
Dec 15, 2022Morgan Stanley$63.00$70.37-10.47%-22.96%
Nov 11, 2022Morgan Stanley$59.00$65.09-9.36%-27.86%
Apr 26, 2022Morgan Stanley$67.00$74.69-10.30%-18.07%
Apr 26, 2022Credit Suisse$77.00$74.972.71%-5.84%
Apr 21, 2022Mizuho Securities$76.00$76.50-0.65%-7.07%
Apr 20, 2022Morgan Stanley$68.00$76.61-11.24%-16.85%
Apr 19, 2022Wells Fargo$80.00$76.035.22%-2.18%
Feb 08, 2022Julien Dumoulin-SmithBank of America Securities$71.00$67.894.58%-13.18%
Jan 10, 2022Paul FremontMizuho Securities$67.00$67.83-1.22%-18.07%
Jan 05, 2022Ross FowlerUBS$71.00$67.555.11%-13.18%
Nov 30, 2021Eric BeaumontBarclays$75.00$60.4824.01%-8.29%
Sep 07, 2021Shahriar PourrezaGuggenheim$72.00$64.8311.06%-11.96%
May 19, 2021Angus Kelleher-FergusonArgus Research$73.00$62.0417.67%-10.74%

The latest Southern Company stock forecast, released on Oct 15, 2024 by Nicholas Campanella from Barclays, set a price target of $83.00, which represents a -7.61% decrease from the stock price at the time of the forecast ($89.84), and a 1.49% increase from SO last price ($81.78).

Southern Company Price Target by Period

1M3M12M
# Anlaysts-18
Avg Price Target-$83.00$80.50
Last Closing Price$81.78$81.78$81.78
Upside/Downside-100.00%1.49%-1.57%

In the current month, the average price target of Southern Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Southern Company's last price of $81.78. 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
Dec 12, 2024ScotiabankOutperformOutperformHold
Oct 15, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 07, 2024CitigroupBuyBuyHold
Sep 25, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 19, 2024JefferiesHoldInitialise
Aug 23, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 20, 2024ScotiabankOutperformOutperformHold
Aug 02, 2024BMO CapitalOutperformOutperformHold
Aug 02, 2024Wolfe ResearchOutperformPerformDowngrade
Jul 09, 2024BarclaysEqual-WeightEqual-WeightHold
May 28, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 03, 2024BMO CapitalOutperformOutperformHold
Apr 23, 2024Bank of America SecuritiesNeutralNeutralHold
Apr 15, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 04, 2024UBSBuyNeutralDowngrade
Apr 01, 2024BMO CapitalOutperformOutperformHold
Feb 06, 2024CitigroupOverweightOverweightHold
Jan 11, 2024BMO CapitalMarket PerformOutperformUpgrade
Nov 21, 2023Morgan StanleyBuyBuyHold
Oct 16, 2023ScotiabankSector OutperformUpgrade
Sep 13, 2023GuggenheimNeutralDowngrade
Sep 13, 2023Morgan StanleyUnderweightEqual-WeightDowngrade
Sep 13, 2023Credit SuisseNeutralDowngrade
Sep 13, 2023Bank of America SecuritiesNeutralUpgrade
Aug 09, 2023Maxim GroupBuyInitialise
Jul 03, 2023Goldman SachsBuyConviction BuyUpgrade
Jun 09, 2023Goldman SachsBuyInitialise
Apr 20, 2023Mizuho SecuritiesBuyUpgrade
Dec 16, 2022BMO CapitalMarket PerformMarket PerformHold
Dec 15, 2022Morgan StanleyUnderweightUnderweightHold
Dec 12, 2022Morgan StanleyUnderweightOverweightUpgrade
Dec 12, 2022Wolfe ResearchOutperformUpgrade
Nov 11, 2022Morgan StanleyUnderweightUnderweightHold
Oct 20, 2022KeyBancOverweightUpgrade
Aug 04, 2022UBSNeutralBuyUpgrade
Apr 26, 2022Morgan StanleyUnderweightUnderweightHold
Apr 26, 2022UBSNeutralDowngrade
Feb 18, 2022Morgan StanleyUnderweightUnderweightHold

Southern Company's last stock rating was published by Scotiabank on Dec 12, 2024. The company gave SO a "Outperform" rating, the same as its previous rate.

Southern Company Financial Forecast

Southern Company Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 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 21
Revenue-----------------------$6.48B$7.05B$8.38B$7.21B$6.65B$5.77B$6.24B
Avg Forecast$5.78B$7.16B$6.12B$5.95B$5.74B$7.10B$6.08B$5.94B$5.75B$7.09B$6.00B$5.87B$5.65B$7.68B$6.54B$7.25B$6.31B$7.14B$6.10B$6.59B$6.90B$8.23B$6.47B$6.17B$4.99B$6.89B$5.44B$6.00B$4.62B$6.12B
High Forecast$5.97B$7.39B$6.32B$6.15B$5.93B$7.33B$6.27B$6.13B$5.93B$7.32B$6.19B$6.06B$5.83B$7.93B$6.75B$7.47B$6.55B$7.32B$6.10B$6.59B$7.20B$8.92B$6.68B$6.36B$5.15B$6.89B$5.44B$6.00B$4.62B$6.12B
Low Forecast$5.63B$6.97B$5.96B$5.80B$5.59B$6.91B$5.92B$5.78B$5.60B$6.91B$5.84B$5.72B$5.50B$7.48B$6.37B$7.05B$6.13B$6.96B$6.10B$6.59B$6.73B$7.36B$6.30B$6.00B$4.86B$6.89B$5.44B$6.00B$4.62B$6.12B
# Analysts111111111111111342224633444433
Surprise %-----------------------1.05%1.41%1.22%1.33%1.11%1.25%1.02%

Southern Company's average Quarter revenue forecast for Jun 23 based on 3 analysts is $6.47B, with a low forecast of $6.30B, and a high forecast of $6.68B. SO's average Quarter revenue forecast represents a -0.11% decrease compared to the company's last Quarter revenue of $6.48B (Mar 23).

Southern Company EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 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 21
# Analysts111111111111111342224633444433
EBITDA-----------------------$2.60B$1.45B$3.42B$2.82B$2.54B$1.02B$2.92B
Avg Forecast$2.50B$3.09B$2.64B$2.57B$2.48B$3.07B$2.62B$2.56B$2.48B$3.06B$2.59B$2.54B$2.44B$3.32B$2.82B$3.13B$2.72B$3.08B$2.63B$2.96B$2.98B$3.55B$2.79B$2.69B$1.25B$2.71B$2.14B$2.45B$1.82B$2.41B
High Forecast$2.58B$3.19B$2.73B$2.65B$2.56B$3.16B$2.71B$2.65B$2.56B$3.16B$2.67B$2.62B$2.52B$3.42B$2.91B$3.23B$2.83B$3.16B$2.63B$3.56B$3.11B$3.85B$2.88B$3.23B$1.50B$2.71B$2.14B$2.94B$1.82B$2.41B
Low Forecast$2.43B$3.01B$2.57B$2.50B$2.41B$2.99B$2.56B$2.50B$2.42B$2.98B$2.52B$2.47B$2.37B$3.23B$2.75B$3.05B$2.64B$3.01B$2.63B$2.37B$2.90B$3.18B$2.72B$2.16B$1.00B$2.71B$2.14B$1.96B$1.82B$2.41B
Surprise %-----------------------0.97%1.16%1.26%1.32%1.04%0.56%1.21%

3 analysts predict SO's average Quarter EBITDA for Jun 23 to be $2.79B, with a high of $2.88B and a low of $2.72B. This is 7.32% upper than Southern Company's previous annual EBITDA (Mar 23) of $2.60B.

Southern Company Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 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 21
# Analysts111111111111111342224633444433
Net Income-----------------------$862.00M$-138.00M$1.48B$1.11B$1.04B$-283.00M$1.10B
Avg Forecast$825.95M$2.17B$1.33B$1.41B$770.70M$2.05B$1.25B$1.33B$572.35M$2.02B$1.16B$1.31B$620.80M$1.73B$1.19B$1.27B$581.60M$1.47B$1.03B$1.15B$663.61M$1.46B$823.38M$1.05B$-259.29M$1.46B$926.31M$951.73M$389.69M$1.34B
High Forecast$860.26M$2.26B$1.39B$1.47B$802.72M$2.13B$1.30B$1.38B$596.13M$2.11B$1.21B$1.36B$646.59M$1.80B$1.24B$1.38B$682.26M$1.51B$1.03B$1.38B$686.10M$1.57B$857.58M$1.26B$-207.43M$1.49B$926.31M$1.14B$389.69M$1.36B
Low Forecast$797.54M$2.09B$1.29B$1.36B$744.18M$1.98B$1.21B$1.28B$552.66M$1.95B$1.12B$1.26B$599.45M$1.67B$1.15B$1.21B$514.49M$1.44B$1.03B$921.28M$641.12M$1.42B$795.05M$837.53M$-311.15M$1.43B$926.31M$761.39M$389.69M$1.33B
Surprise %-----------------------0.82%0.53%1.01%1.20%1.09%-0.73%0.82%

Southern Company's average Quarter net income forecast for Jun 23 is $823.38M, with a range of $795.05M to $857.58M. SO's average Quarter net income forecast represents a -4.48% decrease compared to the company's last Quarter net income of $862.00M (Mar 23).

Southern Company SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 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 21
# Analysts111111111111111342224633444433
SG&A------------------------------
Avg Forecast$119.60M$148.05M$126.63M$123.17M$118.76M$146.89M$125.74M$122.85M$118.92M$146.71M$124.14M$121.49M$116.85M$158.91M$135.30M$150.02M$130.49M$147.72M$126.15M$136.32M$142.65M$170.19M$133.88M$127.52M$103.29M$142.44M$112.44M$124.01M$95.52M$126.62M
High Forecast$123.42M$152.79M$130.67M$127.10M$122.56M$151.59M$129.76M$126.78M$122.72M$151.40M$128.10M$125.38M$120.58M$163.98M$139.62M$154.60M$135.53M$151.45M$126.15M$136.32M$148.92M$184.50M$138.16M$131.59M$106.59M$142.44M$112.44M$124.01M$95.52M$126.62M
Low Forecast$116.44M$144.14M$123.28M$119.91M$115.62M$143.01M$122.41M$119.60M$115.77M$142.83M$120.85M$118.28M$113.76M$154.70M$131.72M$145.88M$126.71M$143.99M$126.15M$136.32M$139.15M$152.24M$130.34M$124.14M$100.56M$142.44M$112.44M$124.01M$95.52M$126.62M
Surprise %------------------------------

Southern Company'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 SO last annual SG&A of $NaN (undefined).

Southern Company EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 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 21
# Analysts111111111111111342224633444433
EPS-----------------------$0.79$-0.13$1.36$1.04$0.97$-0.27$1.04
Avg Forecast$0.75$1.97$1.21$1.28$0.70$1.85$1.14$1.20$0.52$1.83$1.06$1.18$0.56$1.57$1.08$1.15$0.53$1.34$0.93$0.90$0.60$1.32$0.75$0.71$0.25$1.33$0.84$0.91$0.35$1.22
High Forecast$0.78$2.05$1.26$1.33$0.73$1.93$1.18$1.25$0.54$1.91$1.10$1.23$0.59$1.63$1.13$1.25$0.62$1.37$0.93$0.90$0.62$1.42$0.78$0.74$0.26$1.36$0.84$0.91$0.35$1.23
Low Forecast$0.72$1.90$1.17$1.23$0.67$1.79$1.10$1.16$0.50$1.77$1.02$1.14$0.54$1.51$1.05$1.09$0.47$1.30$0.93$0.90$0.58$1.28$0.72$0.68$0.24$1.30$0.84$0.91$0.35$1.21
Surprise %-----------------------1.12%-0.53%1.02%1.24%1.07%-0.76%0.85%

According to 3 Wall Street analysts, Southern Company's projected average Quarter EPS for Jun 23 is $0.75, with a low estimate of $0.72 and a high estimate of $0.78. This represents a -5.51% decrease compared to SO previous annual EPS of $0.79 (Mar 23).

Southern Company Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EXCExelon$36.52$46.0025.96%Buy
NEENextEra Energy$72.27$90.5025.22%Buy
AEPAmerican Electric Power Company$91.92$104.0013.14%Hold
DUKDuke Energy$107.89$121.0012.15%Buy
EIXEdison$80.50$89.0010.56%Hold
EDConsolidated Edison$90.84$99.839.90%Hold
DDominion Energy$53.59$58.609.35%Hold
SOSouthern Company$83.28$86.503.87%Hold

SO Forecast FAQ

Is Southern Company a good buy?

No, according to 13 Wall Street analysts, Southern Company (SO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 46.15% of SO's total ratings.

What is SO's price target?

Southern Company (SO) average price target is $86.5 with a range of $83 to $90, implying a 5.77% from its last price of $81.78. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Southern Company stock go up soon?

According to Wall Street analysts' prediction for SO stock, the company can go up by 5.77% (from the last price of $81.78 to the average price target of $86.5), up by 10.05% based on the highest stock price target, and up by 1.49% based on the lowest stock price target.

Can Southern Company stock reach $120?

SO's average twelve months analyst stock price target of $86.5 does not support the claim that Southern Company can reach $120 in the near future.

What are Southern Company's analysts' financial forecasts?

Southern Company's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $24.86B (high $25.66B, low $24.2B), average EBITDA is $10.73B (high $11.08B, low $10.45B), average net income is $5.4B (high $5.62B, low $5.21B), average SG&A $514.25M (high $530.68M, low $500.64M), and average EPS is $4.89 (high $5.1, low $4.73). SO's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $25.02B (high $25.82B, low $24.36B), average EBITDA is $10.8B (high $11.15B, low $10.52B), average net income is $5.74B (high $5.98B, low $5.54B), average SG&A $517.45M (high $533.99M, low $503.76M), and average EPS is $5.2 (high $5.42, low $5.02).

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

Based on Southern Company's last annual report (Dec 2022), the company's revenue was $29.28B, beating the average analysts forecast of $23.31B by 25.60%. Apple's EBITDA was $9.88B, beating the average prediction of $8.55B by 15.56%. The company's net income was $3.54B, beating the average estimation of $3.08B by 14.69%. Apple's SG&A was $0, missing the average forecast of $482.18M by -100.00%. Lastly, the company's EPS was $3.28, missing the average prediction of $3.32 by -1.24%. In terms of the last quarterly report (Mar 2023), Southern Company's revenue was $6.48B, beating the average analysts' forecast of $6.17B by 5.11%. The company's EBITDA was $2.6B, missing the average prediction of $2.69B by -3.35%. Southern Company's net income was $862M, missing the average estimation of $1.05B by -17.66%. The company's SG&A was $0, missing the average forecast of $127.52M by -100.00%. Lastly, the company's EPS was $0.79, beating the average prediction of $0.708 by 11.62%