IDACORP Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for IDACORP stock have an average target of 95.75, with a low estimate of 93 and a high estimate of 99. The average target predicts an increase of 3.79% from the current stock price of 92.25.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$93	$95.75	$98	$99
Change	+0.81%	+3.79%	+6.23%	+7.32%

Analyst Ratings

The average analyst rating for IDACORP stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	3	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $98 → $93	Hold	Maintains	$98 → $93	+0.81%	Jun 24, 2024
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $96 → $98	Hold	Maintains	$96 → $98	+6.23%	May 28, 2024
Anthony Crowdell Mizuho	Mizuho	Hold Maintains $88 → $99	Hold	Maintains	$88 → $99	+7.32%	May 16, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $94 → $98	Hold	Maintains	$94 → $98	+6.23%	May 3, 2024
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $92 → $95	Hold	Maintains	$92 → $95	+2.98%	Mar 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.83B

from 1.77B

3.66%

from 1.77B

Revenue Next Year

1.95B

from 1.83B

6.72%

from 1.83B

EPS This Year

5.44

from 5.14

5.91%

from 5.14

EPS Next Year

5.84

from 5.44

7.24%

from 5.44

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	1.35B	1.35B	1.46B	1.64B	1.77B	1.83B	1.95B	2.06B	2.19B	2.21B
Revenue Growth	-1.78%	0.32%	7.95%	12.75%	7.44%	3.66%	6.72%	5.22%	6.57%	0.87%
EPS	4.61	4.69	4.85	5.11	5.14	5.44	5.84	6.10	6.45	6.64
EPS Growth	2.67%	1.74%	3.41%	5.36%	0.59%	5.91%	7.24%	4.50%	5.71%	2.90%
Forward PE	-	-	-	-	-	16.95	15.80	15.12	14.30	13.90
No. Analysts	-	-	-	-	-	7	7	5	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	2.0B	2.1B	2.2B	2.3B	2.4B
Avg	1.8B	2.0B	2.1B	2.2B	2.2B
Low	1.7B	1.9B	1.9B	2.1B	2.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.6%	13.4%	11.5%	10.7%	7.6%
Avg	3.7%	6.7%	5.2%	6.6%	0.9%
Low	-1.2%	1.3%	-0.6%	3.4%	-4.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	5.68	6.09	6.36	6.71	6.98
Avg	5.44	5.84	6.10	6.45	6.64
Low	5.27	5.64	5.90	6.25	6.36

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	10.5%	11.9%	9.0%	10.0%	8.3%
Avg	5.9%	7.2%	4.5%	5.7%	2.9%
Low	2.6%	3.5%	1.1%	2.5%	-1.4%

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.