Black Hills Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Black Hills stock have an average target of 62.33, with a low estimate of 57 and a high estimate of 66. The average target predicts an increase of 3.04% from the current stock price of 60.49.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$57	$62.33	$64	$66
Change	-5.77%	+3.04%	+5.80%	+9.11%

* Price targets were last updated on Feb 7, 2025.

Analyst Ratings

The average analyst rating for Black Hills stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	3
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $67 → $66	Hold	Maintains	$67 → $66	+9.11%	Feb 7, 2025
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $63 → $67	Hold	Maintains	$63 → $67	+10.76%	Dec 12, 2024
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $54 → $63	Hold	Maintains	$54 → $63	+4.15%	Aug 20, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $61 → $64	Hold	Maintains	$61 → $64	+5.80%	Aug 2, 2024
Anthony Crowdell Mizuho	Mizuho	Hold Maintains $53 → $57	Hold	Maintains	$53 → $57	-5.77%	Jun 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.45B

from 2.13B

15.15%

from 2.13B

Revenue Next Year

2.54B

from 2.45B

3.47%

from 2.45B

EPS This Year

4.14

from 3.91

5.99%

from 3.91

EPS Next Year

4.37

from 4.14

5.36%

from 4.14

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.70B	1.95B	2.55B	2.33B	2.13B	2.45B	2.54B	2.64B
Revenue Growth	-2.19%	14.86%	30.92%	-8.64%	-8.73%	15.15%	3.47%	4.26%
EPS	3.65	3.74	3.97	3.91	3.91	4.14	4.37	4.63
EPS Growth	11.25%	2.50%	6.15%	-1.51%	-	5.99%	5.36%	5.94%
Forward PE	-	-	-	-	-	14.60	13.85	13.08
No. Analysts	-	-	-	-	-	6	6	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	2.7B	2.8B	2.9B
Avg	2.5B	2.5B	2.6B
Low	2.3B	2.4B	2.4B

Revenue Growth

Revenue Growth	2025	2026	2027
High	27.3%	14.9%	15.9%
Avg	15.1%	3.5%	4.3%
Low	7.8%	-4.0%	-5.9%

EPS Forecast

EPS	2025	2026	2027
High	4.33	4.56	4.81
Avg	4.14	4.37	4.63
Low	4.01	4.22	4.49

EPS Growth

EPS Growth	2025	2026	2027
High	10.6%	10.0%	10.1%
Avg	6.0%	5.4%	5.9%
Low	2.5%	1.9%	2.8%

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.