S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item

ALLETE (ALE) Stock Forecast & Price Target

$58.33
-0.56 (-0.95%)
(As of 04/12/2024 ET)

ALLETE 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

Reduce
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$58.60
0.46% Upside
High Forecast$64.00
Average Forecast$58.60
Low Forecast$54.00
TypeCurrent Forecast
4/15/23 to 4/14/24
1 Month Ago
3/16/23 to 3/15/24
3 Months Ago
1/15/23 to 1/15/24
1 Year Ago
4/15/22 to 4/15/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$58.60$58.60$56.40$64.67
Predicted Upside0.46% Upside-0.83% Downside-5.68% Downside2.80% Upside
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ALE 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.
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ALE 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.
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ALLETE Stock vs. The Competition

TypeALLETEUtilities CompaniesS&P 500
Consensus Rating Score
1.80
2.43
2.49
Consensus RatingReduceHoldHold
Predicted Upside0.46% Upside76.08% Upside10.18% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/21/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$57.00 ➝ $59.00+3.20%
1/22/2024Guggenheim
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 UpgradeSell ➝ Neutral$58.00-1.23%
1/10/2024Sidoti
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 DowngradeBuy ➝ Neutral$64.00+2.88%
8/9/2023Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$64.00 ➝ $58.00+0.90%
6/27/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeNeutral ➝ Underperform$63.00 ➝ $54.00-8.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:41 PM ET.

ALE Price Target - Frequently Asked Questions

What is ALLETE's consensus rating and price target?

According to the issued ratings of 5 analysts in the last year, the consensus rating for ALLETE stock is Reduce based on the current 1 sell rating and 4 hold ratings for ALE. The average twelve-month price prediction for ALLETE is $58.60 with a high price target of $64.00 and a low price target of $54.00. Learn more on ALE's analyst rating history.

Do Wall Street analysts like ALLETE more than its competitors?

Analysts like ALLETE less than other Utilities companies. The consensus rating for ALLETE is Reduce while the average consensus rating for utilities companies is Hold. Learn more on how ALE compares to other companies.

Is ALLETE being upgraded by Wall Street analysts?

Over the previous 90 days, ALLETE's stock had 1 upgrade by analysts.

Does ALLETE's stock price have much downside?

According to analysts, ALLETE's stock has a predicted downside of -0.83% based on their 12-month stock forecasts.

What analysts cover ALLETE?

ALLETE has been rated by Guggenheim, and Wells Fargo & Company in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:ALE) was last updated on 4/14/2024 by MarketBeat.com Staff

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