TransAlta Stock Forecast

Stock Price Forecast

The 2 analysts that cover TransAlta stock have a consensus rating of "Buy" and an average price target of $19.75, which forecasts a 84.41% increase in the stock price over the next year. The lowest target is $19.5 and the highest is $20.

Price Target: $19.75 (+84.41%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$19.5	$19.75	$20	$20
Change	+82.07%	+84.41%	+86.74%	+86.74%

* Price targets were last updated on May 8, 2025.

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Maurice Choy RBC Capital	RBC Capital	Buy Maintains $23 → $20	Buy	Maintains	$23 → $20	+86.74%	May 8, 2025
Mark Jarvi CIBC	CIBC	Hold → Buy Upgrades $23 → $20	Hold → Buy	Upgrades	$23 → $20	+82.07%	Feb 18, 2025
Maurice Choy RBC Capital	RBC Capital	Buy Maintains $17 → $16	Buy	Maintains	$17 → $16	+49.39%	Dec 16, 2022
Maurice Choy RBC Capital	RBC Capital	Hold → Buy Upgrades $13	Hold → Buy	Upgrades	$13	+21.38%	Feb 10, 2020
Maurice Choy RBC Capital	RBC Capital	Sell → Hold Upgrades n/a	Sell → Hold	Upgrades	n/a	n/a	Nov 7, 2016

More Analyst Ratings

Financial Forecast

Revenue This Year

2.76B

from 2.85B

-2.88%

from 2.85B

Revenue Next Year

2.21B

from 2.76B

-19.87%

from 2.76B

EPS This Year

0.44

from 0.59

-25.64%

from 0.59

EPS Next Year

0.30

from 0.44

-31.40%

from 0.44

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.10B	2.72B	2.98B	3.36B	2.85B	2.76B	2.21B	2.33B
Revenue Growth	-10.48%	29.51%	9.37%	12.74%	-15.20%	-2.88%	-19.87%	5.15%
EPS	-1.22	-2.13	0.01	2.33	0.59	0.44	0.30	0.35
EPS Growth	-	-	-	15,708.49%	-74.88%	-25.64%	-31.40%	18.27%
Forward PE	-	-	-	-	-	33.53	48.87	41.32
No. Analysts	-	-	-	-	-	11	11	6

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

Revenue Forecast

Revenue	2025	2026	2027
High	3.1B	2.5B	2.7B
Avg	2.8B	2.2B	2.6B
Low	2.3B	1.8B	2.5B

Revenue Growth

Revenue Growth	2025	2026	2027
High	10.0%	-10.8%	21.9%
Avg	-2.9%	-19.9%	19.6%
Low	-20.0%	-34.6%	13.7%

EPS Forecast

EPS	2025	2026	2027
High	0.70	0.72	0.51
Avg	0.44	0.30	0.35
Low	0.16	-0.03	0.19

EPS Growth

EPS Growth	2025	2026	2027
High	18.6%	66.2%	72.1%
Avg	-25.6%	-31.4%	18.3%
Low	-73.2%	-	-37.7%

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.