Xcel Energy Inc. (XEL)

Xcel Energy Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Xcel Energy stock have an average target of 62.38, with a low estimate of 57 and a high estimate of 68. The average target predicts an increase of 11.51% from the current stock price of 55.94.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$57	$62.38	$62	$68
Change	+1.89%	+11.51%	+10.83%	+21.56%

Analyst Ratings

The average analyst rating for Xcel Energy stock from 13 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	3	3	3	3	2	2
Buy	2	4	4	4	4	4
Hold	8	8	8	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	15	15	14	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Byrd Morgan Stanley	Morgan Stanley	Hold Maintains $65 → $62	Hold	Maintains	$65 → $62	+10.83%	Jun 24, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Hold Maintains $59 → $65	Hold	Maintains	$59 → $65	+16.20%	May 28, 2024
Nicholas Campanella Barclays	Barclays	Buy Maintains $56 → $57	Buy	Maintains	$56 → $57	+1.89%	Apr 30, 2024
Julien Dumoulin-Smith B of A Securities	B of A Securities	Strong Buy Maintains $63 → $66	Strong Buy	Maintains	$63 → $66	+17.98%	Apr 29, 2024
Durgesh Chopra Evercore ISI Group	Evercore ISI Group	Buy Maintains $54 → $59	Buy	Maintains	$54 → $59	+5.47%	Apr 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.12B

Increased by 6.46%

from 14.21B

Revenue Next Year

15.91B

Increased by 5.20%

from 15.12B

EPS This Year

3.60

Increased by 12.12%

from 3.21

EPS Next Year

3.89

Increased by 7.98%

from 3.60

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	11.53B	11.53B	13.43B	15.31B	14.21B	15.12B	15.91B	16.69B	18.02B	18.75B
Revenue Growth	-0.07%	-0.03%	16.53%	13.99%	-7.21%	6.46%	5.20%	4.90%	7.95%	4.07%
EPS	2.64	2.79	2.96	3.17	3.21	3.60	3.89	4.16	4.41	4.68
EPS Growth	6.88%	5.68%	6.09%	7.09%	1.26%	12.12%	7.98%	7.16%	5.94%	6.00%
Forward PE	-	-	-	-	-	15.54	14.39	13.43	12.68	11.96
No. Analysts	-	-	-	-	-	18	18	16	6	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	17.2B	18.0B	18.6B	19.1B	19.9B
Avg	15.1B	15.9B	16.7B	18.0B	18.8B
Low	14.0B	14.6B	15.3B	17.0B	17.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	21.3%	18.8%	17.0%	14.6%	10.6%
Avg	6.5%	5.2%	4.9%	8.0%	4.1%
Low	-1.6%	-3.2%	-3.7%	2.0%	-1.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.78	4.13	4.41	4.69	4.94
Avg	3.60	3.89	4.16	4.41	4.68
Low	3.45	3.70	3.91	4.16	4.43

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	17.8%	14.7%	13.5%	12.7%	11.9%
Avg	12.1%	8.0%	7.2%	5.9%	6.0%
Low	7.5%	2.9%	0.6%	-0.2%	0.4%

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.