Pinnacle West Capital Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, Pinnacle West Capital stock has a consensus rating of "Hold" and an average price target of $106.08. The average 1-year stock price forecast is 7.05% higher than the current stock price, while the lowest is $87 (-12.20%) and the highest is $129 (+30.18%).

Price Target: $106.08 (+7.05%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$87	$106.08	$106	$129
Change	-12.20%	+7.05%	+6.97%	+30.18%

Analyst Ratings

The average analyst rating for Pinnacle West Capital stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	4	4	4	4	4	4
Buy	0	0	0	0	0	0
Hold	12	13	12	12	12	11
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	17	18	17	17	17	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Sunderland Truist Financial	Truist Financial	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Aug 5, 2026
James Thalacker BMO Capital	BMO Capital	Hold Maintains $104	Hold	Maintains	$104	+4.96%	Aug 5, 2026
Shahriar Pourreza Wells Fargo	Wells Fargo	Hold Maintains $106	Hold	Maintains	$106	+6.97%	Aug 5, 2026
David Arcaro Morgan Stanley	Morgan Stanley	Hold Reiterates $95 → $97	Hold	Reiterates	$95 → $97	-2.11%	Jul 22, 2026
Stephen D'Ambrisi RBC Capital	RBC Capital	Hold Maintains $100 → $99	Hold	Maintains	$100 → $99	-0.09%	Jul 18, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

5.46B

from 5.34B

2.16%

from 5.34B

Revenue Next Year

5.92B

from 5.46B

8.54%

from 5.46B

EPS This Year

4.73

from 5.05

-6.39%

from 5.05

EPS Next Year

5.57

from 4.73

17.81%

from 4.73

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.80B	4.32B	4.70B	5.12B	5.34B	5.46B
Revenue Growth	6.05%	13.69%	8.59%	9.13%	4.20%	2.16%
Net Income	618.72M	483.60M	501.56M	608.81M	616.53M	590.19M
EPS	-	-	-	-	5.05	4.73
EPS Growth	-	-	-	-	-3.63%	-6.39%
Forward PE	17.16	17.58	15.03	18.94	18.93	20.96
Dividend / Share	3.34	3.42	3.48	3.54	3.60	3.67
Dividend Growth	5.11%	2.25%	1.76%	1.73%	1.70%	2.11%
Free Cash Flow	-602.66M	-493.91M	-269.57M	-220.41M	-601.88M	-160.05M
No. Analysts	-	-	-	-	-	9

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	5.7B
Avg	5.5B
Low	5.2B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	6.9%
Avg	2.2%
Low	-3.2%

EPS Forecast

Chart

EPS	2026	2027	2028
High	4.88
Avg	4.73
Low	4.67

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	-3.4%
Avg	-6.4%
Low	-7.5%