Pinnacle West Capital Corporation (PNW)

Pinnacle West Capital Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for PNW stock have an average target of 84.5, with a low estimate of 69 and a high estimate of 104. The average target predicts a decrease of -0.54% from the current stock price of 84.96.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$69	$84.5	$81	$104
Change	-18.79%	-0.54%	-4.66%	+22.41%

Analyst Ratings

The average analyst rating for PNW stock from 13 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	4	4	4	4	4	4
Buy	2	2	2	1	0	1
Hold	7	7	8	7	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	14	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ryan Levine Citigroup	Citigroup	Hold Maintains $85 → $95	Hold	Maintains	$85 → $95	+11.82%	Dec 4, 2024
Sophie Karp Keybanc	Keybanc	Hold → Buy Upgrades $101	Hold → Buy	Upgrades	$101	+18.88%	Dec 4, 2024
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $82 → $81	Hold	Maintains	$82 → $81	-4.66%	Nov 22, 2024
Nicholas Campanella Barclays	Barclays	Buy → Hold Downgrades $93 → $91	Buy → Hold	Downgrades	$93 → $91	+7.11%	Nov 18, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $90 → $92	Hold	Maintains	$90 → $92	+8.29%	Nov 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.98B

Increased by 6.05%

from 4.70B

Revenue Next Year

5.12B

Increased by 2.71%

from 4.98B

EPS This Year

5.10

Increased by 15.63%

from 4.41

EPS Next Year

4.66

Decreased by -8.62%

from 5.10

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	3.47B	3.59B	3.80B	4.32B	4.70B	4.98B	5.12B	5.39B
Revenue Growth	-5.96%	3.34%	6.05%	13.68%	8.59%	6.05%	2.71%	5.45%
EPS	4.77	4.87	5.47	4.26	4.41	5.10	4.66	5.24
EPS Growth	5.07%	2.10%	12.32%	-22.12%	3.52%	15.63%	-8.62%	12.54%
Forward PE	-	-	-	-	-	16.66	18.23	16.20
No. Analysts	-	-	-	-	-	18	18	15

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	5.4B	5.5B	5.9B
Avg	5.0B	5.1B	5.4B
Low	4.3B	4.4B	4.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	14.4%	10.6%	15.8%
Avg	6.0%	2.7%	5.5%
Low	-7.9%	-10.8%	-6.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	5.47	5.35	5.59
Avg	5.10	4.66	5.24
Low	4.67	4.27	4.82

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	24.0%	5.0%	20.0%
Avg	15.6%	-8.6%	12.5%
Low	6.0%	-16.2%	3.5%

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.