Duke Energy Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Duke Energy stock have an average target of 102.75, with a low estimate of 94 and a high estimate of 113. The average target predicts a decrease of -3.90% from the current stock price of 106.92.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$94	$102.75	$101	$113
Change	-12.08%	-3.90%	-5.54%	+5.69%

Analyst Ratings

The average analyst rating for Duke Energy stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	1	1	0	0
Buy	6	6	7	7	7	7
Hold	6	6	6	6	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	14	14	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Campanella Barclays	Barclays	Buy Maintains $99 → $102	Buy	Maintains	$99 → $102	-4.60%	Jul 11, 2024
James Thalacker BMO Capital	BMO Capital	Buy Maintains $110 → $109	Buy	Maintains	$110 → $109	+1.95%	Jul 11, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Hold Maintains $103 → $98	Hold	Maintains	$103 → $98	-8.34%	Jun 24, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Hold Maintains $95 → $103	Hold	Maintains	$95 → $103	-3.67%	May 28, 2024
James Thalacker BMO Capital	BMO Capital	Buy Maintains $108 → $110	Buy	Maintains	$108 → $110	+2.88%	May 20, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

30.35B

from 29.06B

4.42%

from 29.06B

Revenue Next Year

31.38B

from 30.35B

3.40%

from 30.35B

EPS This Year

6.03

from 3.54

70.32%

from 3.54

EPS Next Year

6.39

from 6.03

6.01%

from 6.03

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	25.08B	23.37B	24.62B	28.77B	29.06B	30.35B	31.38B	32.40B	32.91B	34.13B
Revenue Growth	2.28%	-6.83%	5.37%	16.84%	1.02%	4.42%	3.40%	3.25%	1.59%	3.69%
EPS	5.06	1.72	4.94	3.17	3.54	6.03	6.39	6.80	7.28	7.74
EPS Growth	34.57%	-66.01%	187.21%	-35.83%	11.67%	70.32%	6.01%	6.37%	7.13%	6.22%
Forward PE	-	-	-	-	-	17.73	16.73	15.73	14.68	13.82
No. Analysts	-	-	-	-	-	21	21	19	7	5

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	32.7B	34.3B	35.7B	37.4B	38.9B
Avg	30.3B	31.4B	32.4B	32.9B	34.1B
Low	27.6B	28.7B	29.1B	26.5B	26.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.6%	12.9%	13.8%	15.5%	18.1%
Avg	4.4%	3.4%	3.2%	1.6%	3.7%
Low	-4.9%	-5.4%	-7.2%	-18.3%	-18.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	6.34	6.70	7.14	7.89	8.28
Avg	6.03	6.39	6.80	7.28	7.74
Low	5.75	6.13	6.52	6.97	7.38

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	79.2%	11.1%	11.7%	16.0%	13.7%
Avg	70.3%	6.0%	6.4%	7.1%	6.2%
Low	62.5%	1.6%	2.0%	2.5%	1.3%

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.