PPL Corporation (PPL)

PPL Corporation Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for PPL Corporation stock have an average target of 31.89, with a low estimate of 25 and a high estimate of 52. The average target predicts an increase of 11.43% from the current stock price of 28.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$25	$31.89	$30	$52
Change	-12.65%	+11.43%	+4.82%	+81.69%

Analyst Ratings

The average analyst rating for PPL stock from 9 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	2	3	3	3	2
Buy	4	4	4	4	4	4
Hold	2	2	2	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	8	9	10	10	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Arcaro Morgan Stanley	Morgan Stanley	Buy Maintains $32 → $31	Buy	Maintains	$32 → $31	+8.32%	Jun 24, 2024
David Arcaro Morgan Stanley	Morgan Stanley	Buy Maintains $30 → $32	Buy	Maintains	$30 → $32	+11.81%	May 28, 2024
Neil Kalton Wells Fargo	Wells Fargo	Buy Maintains $30 → $32	Buy	Maintains	$30 → $32	+11.81%	May 2, 2024
Anthony Crowdell Mizuho	Mizuho	Hold Maintains $27 → $28	Hold	Maintains	$27 → $28	-2.17%	May 2, 2024
Julien Dumoulin-Smith B of A Securities	B of A Securities	Strong Buy Maintains $29 → $30	Strong Buy	Maintains	$29 → $30	+4.82%	Apr 11, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

8.18B

Decreased by -1.65%

from 8.31B

Revenue Next Year

8.39B

Increased by 2.57%

from 8.18B

EPS This Year

1.73

Increased by 72.59%

from 1.00

EPS Next Year

1.85

Increased by 7.04%

from 1.73

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	5.60B	5.47B	5.78B	7.90B	8.31B	8.18B	8.39B	8.96B	9.60B	10.25B
Revenue Growth	-28.04%	-2.28%	5.64%	36.64%	5.19%	-1.65%	2.57%	6.87%	7.11%	6.76%
EPS	2.37	1.91	-1.93	1.02	1.00	1.73	1.85	1.98	2.09	2.20
EPS Growth	-8.14%	-19.41%	-	-	-1.96%	72.59%	7.04%	6.99%	5.57%	5.36%
Forward PE	-	-	-	-	-	16.58	15.49	14.48	13.72	13.02
No. Analysts	-	-	-	-	-	17	17	13	6	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	9.4B	9.7B	10.0B	10.1B	10.8B
Avg	8.2B	8.4B	9.0B	9.6B	10.2B
Low	6.1B	6.2B	7.8B	9.2B	9.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	13.2%	18.6%	19.4%	13.1%	12.6%
Avg	-1.6%	2.6%	6.9%	7.1%	6.8%
Low	-27.1%	-24.1%	-6.5%	2.5%	2.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.81	1.94	2.07	2.23	2.34
Avg	1.73	1.85	1.98	2.09	2.20
Low	1.67	1.77	1.89	1.92	2.04

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	81.3%	12.5%	12.0%	12.6%	12.2%
Avg	72.6%	7.0%	7.0%	5.6%	5.4%
Low	66.6%	2.8%	2.4%	-2.8%	-2.3%

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.