Fortis (FTS) Stock Forecast & Price Target

Q: What analysts cover Fortis?

Fortis has been rated by research analysts at Barclays , BMO Capital Markets , Canadian Imperial Bank of Commerce , Royal Bank Of Canada , Scotiabank , TD Securities , Weiss Ratings , and Wolfe Research in the past 90 days.

$52.60 -0.28 (-0.52%)

Closing price 03:59 PM Eastern

Extended Trading

$52.58 -0.02 (-0.03%)

As of 05:54 PM Eastern

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Fortis - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
0

Hold
5

Buy
3

Based on 8 Wall Street analysts who have issued ratings for Fortis in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 5 have given a hold rating, and 3 have given a buy rating for FTS.

Consensus Price Target

$65.00
23.59% Upside

According to the 8 analysts' twelve-month price targets for Fortis, the average price target is $65.00. The highest price target for FTS is $89.00, while the lowest price target for FTS is $50.00. The average price target represents a forecasted upside of 23.59% from the current price of $52.60.

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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FTS Analyst Ratings Over Time

Type	Current Forecast 10/5/25 to 10/5/26	1 Month Ago 9/5/25 to 9/5/26	3 Months Ago 7/7/25 to 7/7/26	1 Year Ago 10/5/24 to 10/5/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$65.00	$66.33	$61.00	$72.00
Forecasted Upside	23.59% Upside	20.00% Upside	6.04% Upside	43.24% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

FTS 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.

FTS 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.

Fortis Stock vs. The Competition

Type	Fortis	Utilities Companies	Broader Market
Consensus Rating Score	2.38	2.37	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	23.02% Upside	69.24% Upside	21.53% Upside
News Sentiment Rating	Neutral News See Recent FTS News	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/29/2026	Barclays 3 of 5 stars	Michael Lonegan Not Rated	Lower Target	Overweight	$60.00 ➝ $56.00	+5.41%
8/4/2026	Scotiabank 4 of 5 stars		Reiterated Rating	Sector Perform
8/4/2026	TD Securities 3 of 5 stars		Reiterated Rating	Buy
8/4/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$50.00	-11.64%
8/3/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
8/3/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Maurice Choy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$80.00 ➝ $89.00	+57.22%
7/17/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
7/17/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Hold
11/5/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sector Perform
8/18/2025	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
Get the Latest News and Ratings for FTS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.
8/5/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
8/5/2025	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/13/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:27 PM ET.

Should I Buy Fortis Stock? FTS 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 Friday, October 2, 2026. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com.

Fortis
Bull Case

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

Fortis Inc. offers a defensive investment profile with a low beta of 0.42, meaning the stock typically experiences less volatility than the broader market, which is attractive for investors seeking stability in their portfolio.
The company provides a consistent income stream through its dividend, with a current yield of 3.45% based on the stock price of $52.84, appealing to income-focused investors who prioritize regular cash flow over aggressive capital appreciation.
Fortis Inc. recently issued $500 million in 6.625% Junior Subordinated Notes due 2057, demonstrating its ability to access capital markets and fund long-term infrastructure projects that support its regulated utility operations.
Institutional interest remains strong, with major firms like BlackRock Inc. and Bank of America Corp DE establishing new positions in the second quarter, signaling confidence in the company's long-term value and stability.
Scotiabank recently raised its full-year 2026 earnings per share estimate to $2.63, reflecting a positive outlook on the company's ability to meet or exceed financial expectations despite broader economic uncertainties.

Fortis
Bear Case

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

The stock is currently trading at $52.84, which is significantly below the consensus price target of $66.33, suggesting that analysts believe the stock is undervalued but also indicating that the market may be pricing in risks that have not yet materialized or that the stock is underperforming relative to its peers.
Fortis Inc. reported revenue of $1.67 billion in the most recent quarter, which missed the consensus estimate of $1.83 billion, indicating potential challenges in meeting revenue growth expectations despite beating earnings per share estimates.
The company has a high debt-to-equity ratio of 1.27, which is typical for utilities but still represents a significant leverage level that could impact financial flexibility and interest coverage in a rising rate environment.
CIBC Capital Markets recently downgraded Fortis Inc. to neutral from outperform, citing concerns about rising debt levels, which may signal a shift in analyst sentiment regarding the company's financial health and growth prospects.
The stock has underperformed the market recently, as noted in a September 25, 2026 report, which may indicate broader market skepticism about the utility sector's near-term performance or specific concerns about Fortis Inc.'s operational efficiency.

FTS Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortis is $65.00, with a high forecast of $89.00 and a low forecast of $50.00.

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTS, but not buy additional shares or sell existing shares.

According to analysts, Fortis's stock has a predicted upside of 23.59% based on their 12-month stock forecasts.

Over the previous 90 days, Fortis's stock had 1 downgrade by analysts.

Fortis has been rated by research analysts at Barclays, BMO Capital Markets, Canadian Imperial Bank of Commerce, Royal Bank Of Canada, Scotiabank, TD Securities, Weiss Ratings, and Wolfe Research in the past 90 days.

Analysts like Fortis less than other "utilities" companies. The consensus rating score for Fortis is 2.38 while the average consensus rating score for "utilities" companies is 2.38. Learn more on how FTS compares to other companies.

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Brokerages With Fortis Recommendations

MarketBeat monitors more than a dozen sources for Fortis analyst ratings, with the most recent rating issued on 9/29/2026.

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Fortis (FTS) Stock Forecast & Price Target