TransAlta Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, TransAlta stock has a consensus rating of "Buy" and an average price target of $13.39. The average 1-year stock price forecast is 4.56% lower than the current stock price, while the lowest is $10.14 (-27.73%) and the highest is $16.63 (+18.53%).

Price Target: $13.39 (-4.56%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$10.14	$13.39	$13.39	$16.63
Change	-27.73%	-4.56%	-4.56%	+18.53%

Analyst Ratings

The average analyst rating for TransAlta stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	6	6	6	5	5	5
Buy	2	2	2	4	4	4
Hold	2	2	2	1	1	1
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Mould TD Cowen	TD Cowen	Buy Maintains $27 → $19	Buy	Maintains	$27 → $19	+34.04%	May 7, 2026
Benjamin Pham BMO Capital	BMO Capital	Buy Maintains $27 → $18	Buy	Maintains	$27 → $18	+28.88%	May 7, 2026
Maurice Choy RBC Capital	RBC Capital	Buy Maintains $17	Buy	Maintains	$17	+23.73%	May 7, 2026
Mark Jarvi CIBC	CIBC	Buy Reiterates $25 → $17	Buy	Reiterates	$25 → $17	+23.73%	Apr 16, 2026
Julien Dumoulin Smith Jefferies	Jefferies	Buy Maintains $22 → $17	Buy	Maintains	$22 → $17	+18.57%	Apr 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.15B

from 2.41B

-10.77%

from 2.41B

Revenue Next Year

2.29B

from 2.15B

6.48%

from 2.15B

EPS This Year

0.34

from -0.64

EPS Next Year

0.59

from 0.34

74.55%

from 0.34

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	2.72B	2.98B	3.36B	2.85B	2.41B	2.15B	2.29B
Revenue Growth	29.51%	9.37%	12.74%	-15.20%	-15.47%	-10.77%	6.48%
EPS	-2.13	0.01	2.33	0.59	-0.64	0.34	0.59
EPS Growth	-	-	15,708.49%	-74.88%	-	-	74.55%
Forward PE	-	-	-	-	-	56.89	32.59
No. Analysts	-	-	-	-	-	11	11

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	2.4B	2.6B
Avg	2.1B	2.3B
Low	1.9B	2.0B

Revenue Growth

Revenue Growth	2026	2027
High	0.0%	21.0%
Avg	-10.8%	6.5%
Low	-21.8%	-8.8%

EPS Forecast

EPS	2026	2027
High	0.45	0.76
Avg	0.34	0.59
Low	0.16	0.35

EPS Growth

EPS Growth	2026	2027
High	-	122.4%
Avg	-	74.5%
Low	-	3.8%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.