New Jersey Resources Corporation (NJR)

New Jersey Resources Stock Forecast

Stock Price Forecast

The 6 analysts that cover New Jersey Resources stock have a consensus rating of "Hold" and an average price target of $51.5, which forecasts a 14.50% increase in the stock price over the next year. The lowest target is $50 and the highest is $54.

Price Target: $51.5 (+14.50%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$50	$51.5	$51	$54
Change	+11.16%	+14.50%	+13.38%	+20.05%

* Price targets were last updated on Aug 8, 2025.

Analyst Ratings

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

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	4	4	4	4	4	4
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
J.R. Weston Raymond James	Raymond James	Buy Maintains $49 → $50	Buy	Maintains	$49 → $50	+11.16%	Aug 8, 2025
J.R. Weston Raymond James	Raymond James	Buy Initiates $49	Buy	Initiates	$49	+8.94%	Jun 13, 2025
Richard Sunderland JP Morgan	JP Morgan	Buy Maintains $56 → $51	Buy	Maintains	$56 → $51	+13.38%	May 28, 2025
Gabriel Moreen Mizuho	Mizuho	Hold Maintains $52 → $50	Hold	Maintains	$52 → $50	+11.16%	May 15, 2025
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $51 → $53	Hold	Maintains	$51 → $53	+17.83%	May 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.24B

Increased by 9.90%

from 2.04B

Revenue Next Year

2.34B

Increased by 4.69%

from 2.24B

EPS This Year

3.13

Decreased by -5.95%

from 3.33

EPS Next Year

3.38

Increased by 7.91%

from 3.13

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	2.16B	2.91B	1.96B	1.80B	2.04B	2.24B	2.34B
Revenue Growth	10.39%	34.75%	-32.45%	-8.48%	13.35%	9.90%	4.69%
EPS	1.22	2.85	2.71	2.92	3.33	3.13	3.38
EPS Growth	-28.66%	133.61%	-4.91%	7.75%	14.04%	-5.95%	7.91%
Forward PE	-	-	-	-	-	14.36	13.31
No. Analysts	-	-	-	-	-	9	7

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

Revenue Forecast

Revenue	2026	2027	2028	2029
High	2.6B	2.8B
Avg	2.2B	2.3B
Low	1.9B	1.9B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	29.4%	24.5%
Avg	9.9%	4.7%
Low	-7.5%	-13.1%

EPS Forecast

EPS	2026	2027	2028	2029
High	3.31	3.58
Avg	3.13	3.38
Low	2.96	3.23

EPS Growth

EPS Growth	2026	2027	2028	2029
High	-0.7%	14.3%
Avg	-5.9%	7.9%
Low	-11.0%	3.2%

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.