Eversource Energy (ES) Stock Forecast & Price Target

$64.50

+0.90 (+1.42%)

(As of 07/26/2024 ET)

Eversource 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

Hold
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for Eversource Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 8 have given a hold rating, and 6 have given a buy rating for ES.

Consensus Price Target

$66.43
2.99% Upside

High Forecast	$73.00
Average Forecast	$66.43
Low Forecast	$57.00

According to the 14 analysts' twelve-month price targets for Eversource Energy, the average price target is $66.43. The highest price target for ES is $73.00, while the lowest price target for ES is $57.00. The average price target represents a forecasted upside of 2.99% from the current price of $64.50.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	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)	4 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.43	$65.86	$65.85	$84.23
Forecasted Upside	2.99% Upside	13.74% Upside	13.51% Upside	9.69% Upside

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ES 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.

ES 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.

Eversource Energy Stock vs. The Competition

Type	Eversource Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.43	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	2.99% Upside	60.25% Upside	9.09% 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	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Barclays 2 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$65.00 ➝ $69.00	+12.93%
6/25/2024	Bank of America 4 of 5 stars	Upgrade	Underperform ➝ Neutral	$61.00 ➝ $61.00	+5.17%
6/24/2024	Morgan Stanley 3 of 5 stars	Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $67.00	+15.62%
5/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$69.00 ➝ $72.00	+19.98%
5/3/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$65.00 ➝ $66.00	+11.75%
4/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$61.00 ➝ $57.00	-6.27%
Get the Latest News and Ratings for ES and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Eversource Energy and its competitors with MarketBeat's FREE daily newsletter.
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$73.00	+21.75%
4/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$62.00 ➝ $67.00	+14.63%
3/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$85.00 ➝ $68.00	+17.59%
2/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$58.00 ➝ $62.00	+6.73%
2/15/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$54.00 ➝ $62.00	+8.66%
1/22/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$60.00 ➝ $72.00	+34.81%
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$68.00 ➝ $69.00	+15.33%
11/7/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ In-Line	$84.00 ➝ $65.00	+14.94%
2/21/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
8/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$90.00	-1.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:47 AM ET.

ES Forecast - Frequently Asked Questions

What is Eversource Energy's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Eversource Energy is $66.43, with a high forecast of $73.00 and a low forecast of $57.00.
Should I buy or sell Eversource Energy stock right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ES, but not buy additional shares or sell existing shares.
Does Eversource Energy's stock price have much upside?: According to analysts, Eversource Energy's stock has a predicted upside of 13.68% based on their 12-month stock forecasts.
Has Eversource Energy been upgraded by Wall Street analysts recently?: Over the previous 90 days, Eversource Energy's stock had 1 upgrade by analysts.
What analysts cover Eversource Energy?: Eversource Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Eversource Energy more than its competitors?: Analysts like Eversource Energy less than other "utilities" companies. The consensus rating score for Eversource Energy is 2.43 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how ES compares to other companies.