TransAlta Corporation (TSX:TA)
Canada · Delayed Price · Currency is CAD 19.65
+0.29 (1.50%)
May 29, 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 $23.27. The average 1-year stock price forecast is 18.42% higher than the current stock price, while the lowest is $14.00 (-28.75%) and the highest is $28.00 (+42.49%).
Price Target: $23.27 (+18.42%)
Analyst Consensus: Buy
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 | 5 | 5 |
| Buy | 2 | 2 | 2 | 4 | 4 | 4 |
| Hold | 2 | 2 | 2 | 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 | +32.32% | May 7, 2026 |
| BMO Capital | BMO Capital | Buy Maintains $27.00 → $25.00 | Buy | Maintains | $27.00 → $25.00 | +27.23% | May 7, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $24.00 | Buy | Maintains | $24.00 | +22.14% | May 7, 2026 |
| CIBC | CIBC | Buy Reiterates $25.00 → $24.00 | Buy | Reiterates | $25.00 → $24.00 | +22.14% | Apr 16, 2026 |
| Jefferies | Jefferies | Buy Maintains $22.00 → $23.00 | Buy | Maintains | $22.00 → $23.00 | +17.05% | Apr 9, 2026 |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. The data is sourced from Wall Street analysts. Data sources.