Pinnacle West Capital Corporation (PNW)

Pinnacle West Capital Stock Forecast

Stock Price Forecast

The 13 analysts that cover Pinnacle West Capital stock have a consensus rating of "Hold" and an average price target of $100.46, which forecasts a 0.40% increase in the stock price over the next year. The lowest target is $90 and the highest is $109.

Price Target: $100.46 (+0.40%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$90	$100.46	$100	$109
Change	-10.05%	+0.40%	-0.06%	+8.93%

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

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	1	1	2	2
Buy	1	1	1	1	1	1
Hold	9	9	11	11	12	11
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	13	13	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Campanella Barclays	Barclays	Hold Maintains $101 → $102	Hold	Maintains	$101 → $102	+1.94%	May 5, 2026
David Arcaro Morgan Stanley	Morgan Stanley	Hold Maintains $99 → $98	Hold	Maintains	$99 → $98	-2.06%	Apr 21, 2026
Richard Sunderland Truist Securities	Truist Securities	Hold Initiates $108	Hold	Initiates	$108	+7.94%	Apr 21, 2026
David Coleman Argus Research	Argus Research	Strong Buy Maintains $95 → $106	Strong Buy	Maintains	$95 → $106	+5.94%	Apr 14, 2026
Nicholas Campanella Barclays	Barclays	Hold Maintains $97 → $101	Hold	Maintains	$97 → $101	+0.94%	Mar 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

5.62B

Increased by 5.30%

from 5.34B

Revenue Next Year

6.04B

Increased by 7.49%

from 5.62B

EPS This Year

4.76

Decreased by -5.78%

from 5.05

EPS Next Year

5.65

Increased by 18.73%

from 4.76

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	3.80B	4.32B	4.70B	5.12B	5.34B	5.62B	6.04B
Revenue Growth	6.05%	13.69%	8.59%	9.13%	4.20%	5.30%	7.49%
EPS	5.47	4.26	4.41	5.24	5.05	4.76	5.65
EPS Growth	12.32%	-22.12%	3.52%	18.82%	-3.63%	-5.78%	18.73%
Forward PE	-	-	-	-	-	21.03	17.71
No. Analysts	-	-	-	-	-	17	18

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	6.0B	6.7B
Avg	5.6B	6.0B
Low	5.3B	5.6B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	12.5%	19.0%
Avg	5.3%	7.5%
Low	-0.8%	0.0%

EPS Forecast

EPS	2026	2027	2028	2029	2030	2031
High	5.03	6.05
Avg	4.76	5.65
Low	4.56	4.98

EPS Growth

EPS Growth	2026	2027	2028	2029	2030	2031
High	-0.4%	27.1%
Avg	-5.8%	18.7%
Low	-9.8%	4.6%

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 sources.