New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
48.11
+0.56 (1.18%)
Jan 16, 2026, 4:00 PM EST - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 6 analysts that cover New Jersey Resources stock have a consensus rating of "Buy" and an average price target of $52.17, which forecasts a 8.44% increase in the stock price over the next year. The lowest target is $50 and the highest is $54.
Price Target: $52.17 (+8.44%)
Analyst Consensus: Buy
* Price targets were last updated on Dec 17, 2025.
Analyst Ratings
The average analyst rating for New Jersey Resources stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 4 | 4 | 4 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold → Buy Upgrades $51 → $54 | Hold → Buy | Upgrades | $51 → $54 | +12.24% | Dec 17, 2025 |
| Raymond James | Raymond James | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | +3.93% | Aug 8, 2025 |
| Raymond James | Raymond James | Buy Initiates $49 | Buy | Initiates | $49 | +1.85% | Jun 13, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $56 → $51 | Buy | Maintains | $56 → $51 | +6.01% | May 28, 2025 |
| Mizuho | Mizuho | Hold Maintains $52 → $50 | Hold | Maintains | $52 → $50 | +3.93% | May 15, 2025 |
Financial Forecast
Revenue This Year
2.27B
from 2.04B
Increased by 11.52%
Revenue Next Year
2.39B
from 2.27B
Increased by 5.37%
EPS This Year
3.15
from 3.33
Decreased by -5.43%
EPS Next Year
3.42
from 3.15
Increased by 8.76%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 2.6B | 2.8B | |||
| Avg | 2.3B | 2.4B | |||
| Low | 2.1B | 2.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 29.4% | 22.7% | |||
| Avg | 11.5% | 5.4% | |||
| Low | 1.7% | -5.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 3.31 | 3.78 | |||
| Avg | 3.15 | 3.42 | |||
| Low | 3.02 | 3.20 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | -0.7% | 20.0% | |||
| Avg | -5.4% | 8.8% | |||
| Low | -9.4% | 1.6% |
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.