Xcel Energy (XEL) Stock Forecast & Price Target

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$53.76

+0.57 (+1.07%)

(As of 04/18/2024 ET)

Xcel Energy Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

$63.08
17.34% Upside

High Forecast	$75.00
Average Forecast	$63.08
Low Forecast	$54.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$63.08	$63.08	$65.82	$71.00
Predicted Upside	17.34% Upside	8.81% Upside	8.08% Upside	5.58% Upside

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XEL Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

XEL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Xcel Energy Stock vs. The Competition

Type	Xcel Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.58	2.44	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	18.18% Upside	77.60% Upside	11.95% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$68.00 ➝ $59.00	+13.77%
3/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$61.00 ➝ $54.00	+5.84%
3/11/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$58.00	+13.68%
1/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$67.00 ➝ $68.00	+14.63%
1/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$63.00 ➝ $64.00	+8.68%
1/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$62.00 ➝ $68.00	+6.95%
Get the Latest News and Ratings for XEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Xcel Energy and its competitors with MarketBeat's FREE daily newsletter.
12/18/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$59.00 ➝ $62.00	+0.44%
11/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$58.00 ➝ $59.00	-1.54%
10/24/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$69.00 ➝ $62.00	+5.21%
10/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$58.00 ➝ $66.00	+16.86%
9/15/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$66.00 ➝ $62.00	+5.66%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$75.00	+16.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:29 PM ET.

XEL Price Target - Frequently Asked Questions

What is Xcel Energy's consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Xcel Energy stock is Moderate Buy based on the current 5 hold ratings and 7 buy ratings for XEL. The average twelve-month price prediction for Xcel Energy is $63.08 with a high price target of $75.00 and a low price target of $54.00. Learn more on XEL's analyst rating history.
Do Wall Street analysts like Xcel Energy more than its competitors?: Analysts like Xcel Energy more than other Utilities companies. The consensus rating for Xcel Energy is Moderate Buy while the average consensus rating for utilities companies is Hold. Learn more on how XEL compares to other companies.
Is Xcel Energy being upgraded by Wall Street analysts?: Over the previous 90 days, Xcel Energy's stock had 2 upgrades by analysts.

Does Xcel Energy's stock price have much upside?: According to analysts, Xcel Energy's stock has a predicted upside of 8.81% based on their 12-month stock forecasts.
What analysts cover Xcel Energy?: Xcel Energy has been rated by Barclays, JPMorgan Chase & Co., Royal Bank of Canada, Wells Fargo & Company, and Wolfe Research in the past 90 days.

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This page (NASDAQ:XEL) was last updated on 4/18/2024 by MarketBeat.com Staff

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Xcel Energy (XEL) Stock Forecast & Price Target

Xcel Energy Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

XEL Analyst Ratings By Month

XEL Price Targets by Month

Xcel Energy Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

XEL Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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