IDACORP, Inc. (IDA)

IDACORP Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for IDACORP stock have an average target of 116.2, with a low estimate of 109 and a high estimate of 121. The average target predicts an increase of 1.75% from the current stock price of 114.20.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$109	$116.2	$117	$121
Change	-4.55%	+1.75%	+2.45%	+5.95%

Analyst Ratings

The average analyst rating for IDACORP stock from 5 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	0	0	1	1	1	1
Buy	0	0	1	1	1	1
Hold	6	6	4	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $129 → $118	Hold	Maintains	$129 → $118	+3.33%	Jan 28, 2025
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $110 → $121	Hold	Maintains	$110 → $121	+5.95%	Dec 13, 2024
Ross Fowler B of A Securities	B of A Securities	Hold → Strong Buy Upgrades $113 → $117	Hold → Strong Buy	Upgrades	$113 → $117	+2.45%	Nov 5, 2024
Anthony Crowdell Mizuho	Mizuho	Hold → Buy Upgrades $102 → $116	Hold → Buy	Upgrades	$102 → $116	+1.58%	Nov 1, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $106 → $109	Hold	Maintains	$106 → $109	-4.55%	Oct 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.86B

Increased by 5.13%

from 1.77B

Revenue Next Year

1.97B

Increased by 5.98%

from 1.86B

EPS This Year

5.47

Increased by 6.40%

from 5.14

EPS Next Year

5.91

Increased by 8.02%

from 5.47

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.35B	1.35B	1.46B	1.64B	1.77B	1.86B	1.97B	2.09B
Revenue Growth	-1.78%	0.32%	7.95%	12.75%	7.44%	5.13%	5.98%	6.25%
EPS	4.61	4.69	4.85	5.11	5.14	5.47	5.91	6.47
EPS Growth	2.67%	1.74%	3.41%	5.36%	0.59%	6.40%	8.02%	9.53%
Forward PE	-	-	-	-	-	20.88	19.33	17.65
No. Analysts	-	-	-	-	-	9	9	8

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	2.0B	2.1B	2.3B
Avg	1.9B	2.0B	2.1B
Low	1.7B	1.8B	1.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	11.9%	14.4%	14.3%
Avg	5.1%	6.0%	6.3%
Low	-1.9%	-1.5%	-3.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	5.71	6.26	6.89
Avg	5.47	5.91	6.47
Low	5.28	5.66	6.13

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	11.1%	14.4%	16.6%
Avg	6.4%	8.0%	9.5%
Low	2.8%	3.5%	3.8%

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.