Xcel Energy (XEL) Stock Forecast & Price Target

Q: What analysts cover Xcel Energy?

Xcel Energy has been rated by research analysts at Argus , Barclays , BMO Capital Markets , Evercore , JPMorgan Chase & Co. , KeyCorp , Morgan Stanley , Truist Financial , UBS Group , and Weiss Ratings in the past 90 days.

$77.87 +1.46 (+1.91%)

Closing price 04:00 PM Eastern

Extended Trading

$77.62 -0.25 (-0.31%)

As of 07:06 PM Eastern

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Xcel Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Buy

Based on 17 Analyst Ratings

Sell
1

Hold
0

Buy
16

Based on 17 Wall Street analysts who have issued ratings for Xcel Energy in the last 12 months, the stock has a consensus rating of "Buy." Out of the 17 analysts, 1 has given a sell rating, 13 have given a buy rating, and 3 have given a strong buy rating for XEL.

Consensus Price Target

$90.63
16.38% Upside

According to the 17 analysts' twelve-month price targets for Xcel Energy, the average price target is $90.63. The highest price target for XEL is $96.00, while the lowest price target for XEL is $84.00. The average price target represents a forecasted upside of 16.38% from the current price of $77.87.

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.

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XEL Analyst Ratings Over Time

Type	Current Forecast 6/2/25 to 6/2/26	1 Month Ago 5/3/25 to 5/3/26	3 Months Ago 3/4/25 to 3/4/26	1 Year Ago 6/2/24 to 6/2/25
Strong Buy	3 Strong Buy rating(s)	4 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	7 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$90.63	$90.88	$88.60	$75.90
Forecasted Upside	16.38% Upside	10.04% Upside	6.70% Upside	8.85% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

XEL Analyst Recommendations 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	Broader Market
Consensus Rating Score	3.06	2.35	2.52
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	16.39% Upside	45.69% Upside	15.27% Upside
News Sentiment Rating	Positive News See Recent XEL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/21/2026	Morgan Stanley 3 of 5 stars		Set Target		$87.00	+8.62%
5/18/2026	Truist Financial 3 of 5 stars	Richard Sunderland Not Rated	Lower Target	Buy	$95.00 ➝ $92.00	+16.72%
5/14/2026	JPMorgan Chase & Co. 3 of 5 stars	Jeremy Tonet 4 of 5 stars	Lower Target	Overweight	$94.00 ➝ $91.00	+13.87%
5/12/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nicholas Campanella Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$91.00 ➝ $87.00	+7.94%
5/4/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$96.00	+16.69%
4/22/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Thalacker Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$90.00 ➝ $94.00	+18.93%
4/21/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sophie Karp Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$89.00 ➝ $90.00	+12.05%
4/20/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	William Appicelli Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$89.00 ➝ $91.00	+11.24%
3/20/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C+) ➝ Buy (B-)
3/12/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Hovis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$86.00	+6.17%
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1/30/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alex Kania Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$94.00	+23.73%
1/23/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen D'Ambrisi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$95.00	+26.97%
1/9/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Anthony Crowdell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$86.00	+14.73%
11/3/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan Levine Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$80.00 ➝ $92.00	+13.34%
10/16/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julien Dumoulin-Smith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$84.00 ➝ $92.00	+12.44%
10/16/2025	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$93.00	+13.69%
9/25/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julien Dumoulin-Smith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$78.00 ➝ $84.00	+7.79%
4/25/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Kalton Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Overweight	$78.00	+12.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:15 PM ET.

Should I Buy Xcel Energy Stock? XEL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, June 1, 2026. Please send any questions or comments about these Xcel Energy pros and cons to contact@marketbeat.com.

Xcel Energy
Bull Case

Here are some ways that investors could benefit from investing in Xcel Energy Inc.:

The company recently reported earnings per share (EPS) of $0.91, matching analysts' expectations, which indicates stable performance.
Xcel Energy Inc. has increased its quarterly dividend to $0.5925, reflecting a commitment to returning value to shareholders, which can be attractive for income-focused investors.
Institutional ownership is strong, with 78.38% of shares held by institutional investors and hedge funds, suggesting confidence in the company's long-term prospects.
The current stock price is around $91, which is within the target range set by several analysts, indicating potential for growth.
Revenue growth of 2.9% year-over-year demonstrates the company's ability to expand its operations and maintain a solid financial foundation.

Xcel Energy
Bear Case

Investors should be bearish about investing in Xcel Energy Inc. for these reasons:

Recent revenue figures missed expectations, with reported revenue of $4.02 billion compared to analyst estimates of $4.21 billion, which may raise concerns about future growth.
FY-2026 EPS guidance was set slightly below consensus estimates, which could lead to downward pressure on stock valuation as investors adjust their expectations.
Analyst sentiment has been mixed, with Morgan Stanley recently trimming its price target, reflecting broader utility valuation revisions that could negatively impact investor confidence.
Despite a stable dividend, the payout ratio is relatively high at 68.30%, which may limit the company's ability to reinvest in growth opportunities.
Market conditions for utilities can be volatile, and any regulatory changes or economic downturns could adversely affect Xcel Energy Inc.'s performance.

XEL Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Xcel Energy is $90.63, with a high forecast of $96.00 and a low forecast of $84.00.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last twelve months. There is currently 1 sell rating, 13 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" XEL shares.

According to analysts, Xcel Energy's stock has a predicted upside of 16.38% based on their 12-month stock forecasts.

Over the previous 90 days, Xcel Energy's stock had 2 upgrades and 1 downgrade by analysts.

Xcel Energy has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Evercore, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Truist Financial, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like Xcel Energy more than other "utilities" companies. The consensus rating for Xcel Energy is Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how XEL compares to other companies.

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This page (NASDAQ:XEL) was last updated on 6/2/2026 by MarketBeat.com Staff.

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Xcel Energy (XEL) Stock Forecast & Price Target