Black Hills Stock Forecast

Stock Price Forecast

The 3 analysts that cover Black Hills stock have a consensus rating of "Buy" and an average price target of $76.33, which forecasts a 3.62% increase in the stock price over the next year. The lowest target is $64 and the highest is $84.

Price Target: $76.33 (+3.62%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$64	$76.33	$81	$84
Change	-13.11%	+3.62%	+9.96%	+14.04%

Analyst Ratings

The average analyst rating for Black Hills stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	0	0	0	0	0	0
Buy	1	1	2	2	2	2
Hold	2	2	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Edward DeArias BMO Capital	BMO Capital	Buy Maintains $82 → $84	Buy	Maintains	$82 → $84	+14.04%	Feb 9, 2026
Edward DeArias BMO Capital	BMO Capital	Buy Maintains $70 → $82	Buy	Maintains	$70 → $82	+11.32%	Jan 27, 2026
Andrew Weisel Scotiabank	Scotiabank	Hold → Buy Upgrades $66 → $81	Hold → Buy	Upgrades	$66 → $81	+9.96%	Nov 7, 2025
Julien Dumoulin-Smith B of A Securities	B of A Securities	Sell → Hold Upgrades $57 → $64	Sell → Hold	Upgrades	$57 → $64	-13.11%	Aug 20, 2025
Julien Dumoulin-Smith B of A Securities	B of A Securities	Strong Sell Maintains $56 → $57	Strong Sell	Maintains	$56 → $57	-22.62%	Aug 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.43B

from 2.31B

5.32%

from 2.31B

Revenue Next Year

2.53B

from 2.43B

3.82%

from 2.43B

EPS This Year

4.36

from 3.98

9.58%

from 3.98

EPS Next Year

4.60

from 4.36

5.49%

from 4.36

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.95B	2.55B	2.33B	2.13B	2.31B	2.43B	2.53B
Revenue Growth	14.86%	30.92%	-8.64%	-8.73%	8.57%	5.32%	3.82%
EPS	3.74	3.97	3.91	3.91	3.98	4.36	4.60
EPS Growth	2.50%	6.15%	-1.51%	-	1.79%	9.58%	5.49%
Forward PE	-	-	-	-	-	16.89	16.01
No. Analysts	-	-	-	-	-	6	5

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

Revenue Forecast

Revenue	2026	2027
High	2.8B	2.9B
Avg	2.4B	2.5B
Low	2.1B	2.1B

Revenue Growth

Revenue Growth	2026	2027
High	21.4%	21.0%
Avg	5.3%	3.8%
Low	-10.9%	-14.7%

EPS Forecast

EPS	2026	2027
High	4.60	4.84
Avg	4.36	4.60
Low	4.13	4.34

EPS Growth

EPS Growth	2026	2027
High	15.6%	11.0%
Avg	9.6%	5.5%
Low	3.7%	-0.5%

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.