Duke Energy (DUK) Stock Forecast & Price Target

$108.03

+0.47 (+0.44%)

(As of 07/26/2024 ET)

Duke Energy - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings

Based on 11 Wall Street analysts who have issued ratings for Duke Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 5 have given a hold rating, and 6 have given a buy rating for DUK.

Consensus Price Target

$102.58
-5.04% Downside

High Forecast	$114.00
Average Forecast	$102.58
Low Forecast	$93.00

According to the 11 analysts' twelve-month price targets for Duke Energy, the average price target is $102.58. The highest price target for DUK is $114.00, while the lowest price target for DUK is $93.00. The average price target represents a forecasted downside of -5.04% from the current price of $108.03.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$102.58	$102.33	$100.62	$101.82
Forecasted Upside	-5.04% Downside	5.62% Upside	6.76% Upside	8.36% Upside

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DUK 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.

DUK 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.

Duke Energy Stock vs. The Competition

Type	Duke Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.55	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-5.04% Downside	60.01% Upside	9.14% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$112.00 ➝ $114.00	+6.36%
7/11/2024	Barclays 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$99.00 ➝ $102.00	-2.58%
7/11/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$110.00 ➝ $109.00	+6.03%
6/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$103.00 ➝ $98.00	-3.07%
4/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$101.00 ➝ $94.00	-4.48%
4/11/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$96.00 ➝ $100.00	+5.12%
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4/5/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$89.00 ➝ $99.00	+3.00%
2/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$103.00 ➝ $100.00	+7.93%
1/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$90.00 ➝ $108.00	+13.58%
1/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	$101.00 ➝ $113.00	+14.04%
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$98.00 ➝ $101.00	+11.63%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$102.00 ➝ $93.00	+6.57%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$99.00	+8.11%
3/17/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Storozynski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
10/12/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$114.00 ➝ $94.00	+4.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:31 PM ET.

DUK Forecast - Frequently Asked Questions

What is Duke Energy's forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Duke Energy is $102.58, with a high forecast of $114.00 and a low forecast of $93.00.
Should I buy or sell Duke Energy stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Duke Energy in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DUK shares.
Does Duke Energy's stock price have much upside?: According to analysts, Duke Energy's stock has a predicted upside of 4.73% based on their 12-month stock forecasts.
What analysts cover Duke Energy?: Duke Energy has been rated by research analysts at Barclays, BMO Capital Markets, KeyCorp, and Morgan Stanley in the past 90 days.
Do Wall Street analysts like Duke Energy more than its competitors?: Analysts like Duke Energy more than other "utilities" companies. The consensus rating for Duke Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how DUK compares to other companies.