TransAlta Corporation (TSX:TA)
Canada · Delayed Price · Currency is CAD 19.52
+0.09 (0.46%)
Jun 19, 2026, 4:00 PM EST
TransAlta Stock Forecast
Stock Price Forecast
According to 11 analysts polled by S&P Global, TransAlta stock has a consensus rating of "Buy" and an average price target of $23.41. The average 1-year stock price forecast is 19.93% higher than the current stock price, while the lowest is $14.00 (-28.28%) and the highest is $28.00 (+43.44%).
Price Target: $23.41 (+19.93%)
Analyst Consensus: Buy
* Price targets were last updated on May 7, 2026.
Analyst Ratings
The average analyst rating for TransAlta stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 5 | 5 | 5 |
| Buy | 2 | 2 | 4 | 4 | 4 | 4 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Buy Maintains $27.00 → $26.00 | Buy | Maintains | $27.00 → $26.00 | +33.20% | May 7, 2026 |
| BMO Capital | BMO Capital | Buy Maintains $27.00 → $25.00 | Buy | Maintains | $27.00 → $25.00 | +28.07% | May 7, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $24.00 | Buy | Maintains | $24.00 | +22.95% | May 7, 2026 |
| CIBC | CIBC | Buy Reiterates $25.00 → $24.00 | Buy | Reiterates | $25.00 → $24.00 | +22.95% | Apr 16, 2026 |
| Jefferies | Jefferies | Buy Maintains $22.00 → $23.00 | Buy | Maintains | $22.00 → $23.00 | +17.83% | Apr 9, 2026 |
Financial Forecast
Revenue This Year
2.17B
from 2.41B
Decreased by -9.90%
Revenue Next Year
2.29B
from 2.17B
Increased by 5.66%
EPS This Year
0.28
from 0.19
Increased by 46.32%
EPS Next Year
0.58
from 0.28
Increased by 107.91%
EPS based on non-GAAP adjusted numbers. Financial currency is CAD.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 2.3B | ||
| Avg | 2.2B | ||
| Low | 2.0B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -4.9% | ||
| Avg | -9.9% | ||
| Low | -14.9% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 0.50 | ||
| Avg | 0.28 | ||
| Low | 0.03 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 163.2% | ||
| Avg | 46.3% | ||
| Low | -84.2% |