Southern Company (SO) Stock Forecast, Price Target & Predictions
SO Stock Forecast
Southern Company stock forecast is as follows: an average price target of $75.27 (represents a -15.84% downside from SO’s last price of $89.44) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
SO Price Target
The average price target for Southern Company (SO) is $75.27 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $63.00. This represents a potential -15.84% downside from SO's last price of $89.44.
SO Analyst Ratings
According to 12 Wall Street analysts, Southern Company's rating consensus is 'Buy'. The analyst rating breakdown for SO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (50.00%), 6 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Southern Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 15, 2024 | Marie Ferguson | Argus Research | $90.00 | $78.71 | 14.34% | 0.63% |
| May 03, 2024 | James Thalacker | BMO Capital | $80.00 | $75.46 | 6.02% | -10.55% |
| Apr 15, 2024 | Nicholas Campanella | Barclays | $66.00 | $68.73 | -3.97% | -26.21% |
| Apr 02, 2024 | Paul Fremont | Mizuho Securities | $76.00 | $71.10 | 6.89% | -15.03% |
| Feb 06, 2024 | Ryan Levine | Citigroup | $82.00 | $67.18 | 22.06% | -8.32% |
| Jan 11, 2024 | James Thalacker | BMO Capital | $77.00 | $70.58 | 9.10% | -13.91% |
| Dec 16, 2022 | - | BMO Capital | $74.00 | $69.14 | 7.03% | -17.26% |
| Dec 15, 2022 | - | Morgan Stanley | $63.00 | $70.37 | -10.47% | -29.56% |
| Nov 11, 2022 | - | Morgan Stanley | $59.00 | $65.09 | -9.36% | -34.03% |
| Apr 26, 2022 | - | Morgan Stanley | $67.00 | $74.69 | -10.30% | -25.09% |
The latest Southern Company stock forecast, released on May 15, 2024 by Marie Ferguson from Argus Research, set a price target of $90.00, which represents a 14.34% increase from the stock price at the time of the forecast ($78.71), and a 0.63% increase from SO last price ($89.44).
Southern Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $78.50 |
| Last Closing Price | $89.44 | $89.44 | $89.44 |
| Upside/Downside | -100.00% | -100.00% | -12.23% |
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 $89.44. 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 |
|---|---|---|---|---|
| Aug 23, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 20, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 02, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 02, 2024 | Wolfe Research | Outperform | Perform | Downgrade |
| Jul 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| May 28, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 03, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 23, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Apr 15, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 04, 2024 | UBS | Buy | Neutral | Downgrade |
Southern Company's last stock rating was published by Morgan Stanley on Aug 23, 2024. The company gave SO a "Equal-Weight" rating, the same as its previous rate.
Southern Company Financial Forecast
Southern Company 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.48B | $7.05B | $8.38B | - | $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 | $7.02B | $6.62B | $7.29B | $5.89B | $7.47B | $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 | $7.40B | $6.32B | $6.15B | $5.93B | $7.34B | $6.28B | $6.14B | $5.94B | $7.33B | $6.20B | $6.07B | $5.84B | $7.26B | $6.84B | $7.53B | $6.08B | $7.60B | $6.30B | $6.81B | $7.20B | $8.92B | $6.69B | $6.37B | $5.16B | $7.12B | $5.44B | $6.12B | $4.72B | $6.25B |
| Low Forecast | $5.66B | $7.01B | $6.00B | $5.83B | $5.62B | $6.96B | $5.95B | $5.82B | $5.63B | $6.95B | $5.88B | $5.75B | $5.53B | $6.88B | $6.48B | $7.14B | $5.77B | $7.34B | $5.97B | $6.46B | $6.73B | $7.36B | $6.34B | $6.04B | $4.89B | $6.75B | $5.44B | $5.65B | $4.35B | $5.76B |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 1 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.41% | 1.22% | - | 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 $6.34B, and a high forecast of $6.69B. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 1 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.60B | $1.45B | $3.42B | - | $2.54B | $1.02B | $2.92B |
| Avg Forecast | $2.27B | $2.81B | $2.41B | $2.34B | $2.26B | $2.79B | $2.39B | $2.34B | $2.26B | $2.79B | $2.36B | $2.31B | $2.22B | $2.76B | $2.60B | $2.87B | $2.31B | $2.94B | $2.40B | $2.96B | $2.71B | $3.24B | $2.54B | $2.69B | $1.96B | $3.19B | $2.14B | $2.45B | $990.86M | $2.90B |
| High Forecast | $2.35B | $2.91B | $2.49B | $2.42B | $2.33B | $2.88B | $2.47B | $2.41B | $2.34B | $2.88B | $2.44B | $2.39B | $2.29B | $2.85B | $2.69B | $2.96B | $2.39B | $2.99B | $2.48B | $3.56B | $2.83B | $3.51B | $2.63B | $3.23B | $2.03B | $3.83B | $2.14B | $2.94B | $1.19B | $3.48B |
| Low Forecast | $2.23B | $2.76B | $2.36B | $2.29B | $2.21B | $2.74B | $2.34B | $2.29B | $2.21B | $2.73B | $2.31B | $2.26B | $2.18B | $2.70B | $2.55B | $2.81B | $2.27B | $2.89B | $2.35B | $2.37B | $2.65B | $2.89B | $2.49B | $2.16B | $1.92B | $2.55B | $2.14B | $1.96B | $792.69M | $2.32B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.74% | 1.07% | - | 1.04% | 1.03% | 1.01% |
3 analysts predict SO's average Quarter EBITDA for Jun 23 to be $2.54B, with a high of $2.63B and a low of $2.49B. This is -2.27% lower than Southern Company's previous annual EBITDA (Mar 23) of $2.60B.
Southern Company 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 1 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $862.00M | $-138.00M | $1.48B | - | $1.04B | $-283.00M | $1.10B |
| Avg Forecast | $987.91M | $2.22B | $1.23B | $1.32B | $769.89M | $2.04B | $1.25B | $1.33B | $571.83M | $2.02B | $1.17B | $1.31B | $590.62M | $1.83B | $1.18B | $1.27B | $653.45M | $1.53B | $1.03B | $1.15B | $663.01M | $1.46B | $822.63M | $1.05B | $270.84M | $1.21B | $924.63M | $951.73M | $-204.97M | $1.10B |
| High Forecast | $1.03B | $2.32B | $1.28B | $1.38B | $803.06M | $2.13B | $1.31B | $1.38B | $596.46M | $2.11B | $1.22B | $1.37B | $616.06M | $1.91B | $1.23B | $1.32B | $681.61M | $1.55B | $1.07B | $1.38B | $685.48M | $1.57B | $858.07M | $1.26B | $282.51M | $1.45B | $924.63M | $1.14B | $-163.98M | $1.32B |
| Low Forecast | $961.62M | $2.16B | $1.19B | $1.29B | $749.39M | $1.99B | $1.22B | $1.29B | $556.61M | $1.97B | $1.14B | $1.28B | $574.89M | $1.78B | $1.14B | $1.24B | $636.06M | $1.52B | $999.14M | $921.28M | $640.54M | $1.41B | $800.74M | $837.53M | $263.63M | $964.43M | $924.63M | $761.39M | $-245.97M | $876.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | -0.51% | 1.22% | - | 1.09% | 1.38% | 1.01% |
Southern Company's average Quarter net income forecast for Jun 23 is $822.63M, with a range of $800.74M to $858.07M. SO's average Quarter net income forecast represents a -4.57% decrease compared to the company's last Quarter net income of $862.00M (Mar 23).
Southern Company 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 1 | 2 | 2 |
| 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 | $145.25M | $136.92M | $150.85M | $121.76M | $154.48M | $126.15M | $136.32M | $142.65M | $170.19M | $133.88M | $127.52M | $103.29M | $142.44M | $112.44M | $95.76M | $73.76M | $97.77M |
| High Forecast | $123.57M | $152.96M | $130.82M | $127.25M | $122.70M | $151.76M | $129.91M | $126.92M | $122.86M | $151.57M | $128.25M | $125.52M | $120.72M | $150.07M | $141.45M | $155.85M | $125.79M | $157.27M | $130.33M | $140.84M | $148.92M | $184.50M | $138.32M | $131.75M | $106.71M | $147.17M | $112.44M | $97.82M | $75.35M | $99.88M |
| Low Forecast | $117.15M | $145.02M | $124.03M | $120.65M | $116.33M | $143.89M | $123.17M | $120.34M | $116.48M | $143.71M | $121.60M | $119.01M | $114.46M | $142.28M | $134.11M | $147.76M | $119.26M | $151.91M | $123.57M | $133.53M | $139.15M | $152.24M | $131.14M | $124.91M | $101.17M | $139.53M | $112.44M | $90.17M | $69.46M | $92.07M |
| 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 1 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.79 | $-0.13 | $1.36 | - | $0.97 | $-0.27 | $1.04 |
| Avg Forecast | $0.90 | $2.02 | $1.11 | $1.20 | $0.70 | $1.85 | $1.14 | $1.20 | $0.52 | $1.83 | $1.06 | $1.19 | $0.54 | $1.66 | $1.07 | $1.15 | $0.59 | $1.39 | $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 | $0.94 | $2.10 | $1.16 | $1.25 | $0.73 | $1.93 | $1.18 | $1.26 | $0.54 | $1.91 | $1.11 | $1.24 | $0.56 | $1.73 | $1.11 | $1.20 | $0.62 | $1.41 | $0.97 | $0.94 | $0.62 | $1.42 | $0.78 | $0.74 | $0.26 | $1.39 | $0.84 | $0.93 | $0.36 | $1.25 |
| Low Forecast | $0.87 | $1.96 | $1.08 | $1.17 | $0.68 | $1.81 | $1.11 | $1.17 | $0.51 | $1.78 | $1.03 | $1.16 | $0.52 | $1.62 | $1.04 | $1.12 | $0.58 | $1.38 | $0.91 | $0.87 | $0.58 | $1.28 | $0.73 | $0.69 | $0.24 | $1.29 | $0.84 | $0.84 | $0.33 | $1.13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | -0.53% | 1.02% | - | 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 $0.73 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXC | Exelon | $40.23 | $46.50 | 15.59% | Buy |
| D | Dominion Energy | $58.16 | $62.50 | 7.46% | Hold |
| NEE | NextEra Energy | $84.65 | $83.65 | -1.18% | Buy |
| DUK | Duke Energy | $117.31 | $113.50 | -3.25% | Buy |
| EIX | Edison | $85.42 | $82.63 | -3.27% | Hold |
| AEP | American Electric Power Company | $104.17 | $99.20 | -4.77% | Buy |
| ED | Consolidated Edison | $104.56 | $88.60 | -15.26% | Hold |
| SO | Southern Company | $89.44 | $75.27 | -15.84% | Buy |
SO Forecast FAQ
Is Southern Company a good buy?
Yes, according to 12 Wall Street analysts, Southern Company (SO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 50.00% of SO's total ratings.
What is SO's price target?
Southern Company (SO) average price target is $75.27 with a range of $63 to $90, implying a -15.84% from its last price of $89.44. The data is based on 12 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 down by -15.84% (from the last price of $89.44 to the average price target of $75.27), up by 0.63% based on the highest stock price target, and down by -29.56% based on the lowest stock price target.
Can Southern Company stock reach $130?
SO's average twelve months analyst stock price target of $75.27 does not support the claim that Southern Company can reach $130 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 $25.69B, low $24.35B), average EBITDA is $9.78B (high $10.1B, low $9.58B), average net income is $5.39B (high $5.62B, low $5.25B), average SG&A $514.25M (high $531.29M, low $503.72M), and average EPS is $4.89 (high $5.1, low $4.76). SO's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $25.02B (high $25.85B, low $24.51B), average EBITDA is $9.84B (high $10.16B, low $9.63B), average net income is $5.76B (high $6.01B, low $5.61B), average SG&A $517.45M (high $534.6M, low $506.86M), and average EPS is $5.23 (high $5.45, low $5.09).
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 $9.74B by 1.43%. The company's net income was $3.54B, beating the average estimation of $3.35B by 5.44%. Apple's SG&A was $0, missing the average forecast of $453.93M 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%