Black Hills Corporation (BKH)

Black Hills Stock Forecast

Stock Price Forecast

The 3 analysts that cover Black Hills stock have a consensus rating of "Hold" and an average price target of $66, which forecasts a 14.15% increase in the stock price over the next year. The lowest target is $64 and the highest is $68.

Price Target: $66.00 (+14.15%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$64	$66	$66	$68
Change	+10.69%	+14.15%	+14.15%	+17.61%

* Price targets were last updated on May 13, 2025.

Analyst Ratings

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

Recommendation Trends

Rating	Feb '25	Mar '25	Apr '25	May '25	Jun '25	Jul '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	1	1	1
Hold	4	4	4	3	3	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Edward DeArias BMO Capital	BMO Capital	Buy Initiates $68	Buy	Initiates	$68	+17.61%	May 13, 2025
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $67 → $66	Hold	Maintains	$67 → $66	+14.15%	Feb 7, 2025
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $63 → $67	Hold	Maintains	$63 → $67	+15.88%	Dec 12, 2024
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $54 → $63	Hold	Maintains	$54 → $63	+8.96%	Aug 20, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $61 → $64	Hold	Maintains	$61 → $64	+10.69%	Aug 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.27B

Increased by 6.64%

from 2.13B

Revenue Next Year

2.34B

Increased by 3.17%

from 2.27B

EPS This Year

4.14

Increased by 5.82%

from 3.91

EPS Next Year

4.36

Increased by 5.29%

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	2.27B	2.34B	2.32B
Revenue Growth	-2.19%	14.86%	30.92%	-8.64%	-8.73%	6.64%	3.17%	-0.77%
EPS	3.65	3.74	3.97	3.91	3.91	4.14	4.36	4.60
EPS Growth	11.25%	2.50%	6.15%	-1.51%	-	5.82%	5.29%	5.63%
Forward PE	-	-	-	-	-	13.97	13.27	12.57
No. Analysts	-	-	-	-	-	7	7	6

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	2.6B	2.7B	2.6B
Avg	2.3B	2.3B	2.3B
Low	2.0B	2.1B	2.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	22.6%	20.1%	12.2%
Avg	6.6%	3.2%	-0.8%
Low	-4.3%	-8.6%	-9.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.33	4.57	4.83
Avg	4.14	4.36	4.60
Low	3.97	4.13	4.34

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	10.6%	10.4%	10.9%
Avg	5.8%	5.3%	5.6%
Low	1.5%	-0.3%	-0.3%

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.