New Jersey Resources Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, New Jersey Resources stock has a consensus rating of "Buy" and an average price target of $59.86. The average 1-year stock price forecast is 8.19% higher than the current stock price, while the lowest is $51 (-7.83%) and the highest is $63 (+13.86%).

Price Target: $59.86 (+8.19%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$51	$59.86	$61	$63
Change	-7.83%	+8.19%	+10.25%	+13.86%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	3	3	3	4	4
Buy	3	2	2	2	2	2
Hold	1	2	1	1	1	1
Sell	0	0	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	7	7	7	7	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christine Dooley Argus Research	Argus Research	Buy Maintains $58 → $63	Buy	Maintains	$58 → $63	+13.86%	May 19, 2026
Unknown Analyst Wells Fargo No rating	Wells Fargo	Buy Initiates $63	Buy	Initiates	$63	+13.86%	May 11, 2026
Eli Jossen J.P. Morgan	J.P. Morgan	Buy Maintains $56 → $61	Buy	Maintains	$56 → $61	+10.25%	Apr 25, 2026
Gabe Moreen Mizuho Securities	Mizuho Securities	Buy Maintains $54 → $61	Buy	Maintains	$54 → $61	+10.25%	Apr 21, 2026

Financial Forecast

Revenue This Year

2.20B

from 2.04B

8.15%

from 2.04B

Revenue Next Year

2.24B

from 2.20B

1.90%

from 2.20B

EPS This Year

3.43

from 3.29

4.36%

from 3.29

EPS Next Year

3.45

from 3.43

0.62%

from 3.43

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026
Revenue	2.16B	2.91B	1.96B	1.80B	2.04B	2.20B
Revenue Growth	10.39%	34.75%	-32.45%	-8.48%	13.35%	8.15%
Net Income	117.89M	274.92M	264.72M	289.78M	335.63M	354.70M
EPS	-	-	-	-	3.29	3.43
EPS Growth	-	-	-	-	11.53%	4.36%
Forward PE	15.94	14.98	15.35	14.64	16.22	16.12
Dividend / Share	1.36	1.48	1.59	1.71	1.83	1.91
Dividend Growth	-	8.64%	7.61%	7.55%	6.73%	4.89%
Free Cash Flow	-221.68M	-333.95M	-96.08M	-189.33M	-247.25M	-285.00M
No. Analysts	-	-	-	-	-	5

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	2.3B
Avg	2.2B
Low	2.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.2%
Avg	8.1%
Low	4.3%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	3.43
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	4.4%
Low	-