ALLETE, Inc. (ALE)
NYSE: ALE · Real-Time Price · USD
65.58
+0.13 (0.20%)
At close: May 12, 2025, 4:00 PM
65.58
0.00 (0.00%)
Pre-market: May 13, 2025, 8:02 AM EDT
ALLETE Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for ALLETE stock has a target of 67, which predicts a 2.17% increase from the current stock price of 65.58.
Price Target: $67.00 (+2.17%)
Analyst Consensus: Hold
* Price targets were last updated on May 16, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for ALLETE is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 5 | 4 | 4 | 4 | 4 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 5 | 5 | 5 | 5 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold Maintains $57 → $67 | Hold | Maintains | $57 → $67 | +2.17% | May 16, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $57 → $59 | Hold | Maintains | $57 → $59 | -10.03% | Feb 21, 2024 |
| Guggenheim | Guggenheim | Strong Sell → Hold Upgrades $58 | Strong Sell → Hold | Upgrades | $58 | -11.56% | Jan 22, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $64 | Strong Buy → Hold | Downgrades | $64 | -2.41% | Jan 10, 2024 |
| Mizuho | Mizuho | Hold Maintains $64 → $58 | Hold | Maintains | $64 → $58 | -11.56% | Jul 21, 2023 |
Financial Forecast
Revenue This Year
1.56B
from 1.53B
Increased by 2.24%
Revenue Next Year
1.65B
from 1.56B
Increased by 5.63%
EPS This Year
3.86
from 3.10
Increased by 24.68%
EPS Next Year
4.26
from 3.86
Increased by 10.19%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.6B | 1.7B | 1.8B | ||
| Avg | 1.6B | 1.7B | 1.8B | ||
| Low | 1.5B | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 6.3% | 9.8% | 11.8% | ||
| Avg | 2.2% | 5.6% | 7.6% | ||
| Low | -0.8% | 2.5% | 4.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 4.20 | 4.57 | 4.91 | ||
| Avg | 3.86 | 4.26 | 4.73 | ||
| Low | 3.51 | 4.00 | 4.59 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 35.5% | 18.2% | 15.4% | ||
| Avg | 24.7% | 10.2% | 11.0% | ||
| Low | 13.2% | 3.5% | 7.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.