Pacific Gas & Electric (PCG) Stock Forecast & Price Target

$16.63 -1.32 (-7.35%)

As of 08/28/2026 03:58 PM Eastern

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Pacific Gas & Electric - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
3

Buy
7

Based on 10 Wall Street analysts who have issued ratings for Pacific Gas & Electric in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 3 have given a hold rating, and 7 have given a buy rating for PCG.

Consensus Price Target

$22.20
33.49% Upside

According to the 10 analysts' twelve-month price targets for Pacific Gas & Electric, the average price target is $22.20. The highest price target for PCG is $27.00, while the lowest price target for PCG is $19.00. The average price target represents a forecasted upside of 33.49% from the current price of $16.63.

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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PCG Analyst Ratings Over Time

Type	Current Forecast 8/29/25 to 8/29/26	1 Month Ago 7/30/25 to 7/30/26	3 Months Ago 5/31/25 to 5/31/26	1 Year Ago 8/29/24 to 8/29/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$22.20	$22.30	$22.10	$20.55
Forecasted Upside	33.49% Upside	25.53% Upside	35.20% Upside	34.33% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

PCG 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.

PCG 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.

Pacific Gas & Electric Stock vs. The Competition

Type	Pacific Gas & Electric	Utilities Companies	Broader Market
Consensus Rating Score	2.70	2.36	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	33.49% Upside	66.10% Upside	13.05% Upside
News Sentiment Rating	Positive News See Recent PCG 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
8/21/2026	Morgan Stanley 4 of 5 stars	David Arcaro 3 of 5 stars	Lower Target	Equal Weight	$23.00 ➝ $22.00	+24.86%
8/18/2026	UBS Group 4 of 5 stars		Reiterated Rating	Buy
8/4/2026	Truist Financial 3 of 5 stars	Richard Sunderland Not Rated	Lower Target	Buy	$23.00 ➝ $21.00	+22.19%
7/24/2026	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	Lower Target	Outperform	$28.00 ➝ $27.00	+52.84%
6/4/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C+) ➝ Hold (C)
5/15/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Aidan Kelly Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$24.00 ➝ $23.00	+40.03%
4/21/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight	$25.00	+44.30%
3/23/2026	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	Reiterated Rating	Buy ➝ Hold	$20.00 ➝ $19.00	+9.48%
2/18/2026	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	Boost Target	Overweight	$21.00 ➝ $23.00	+27.71%
1/21/2026	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		$21.00	+37.68%
Get the Latest News and Ratings for PCG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Pacific Gas & Electric and its competitors with MarketBeat's FREE daily newsletter.
12/4/2025	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
8/18/2025	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
6/16/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Marie Ferguson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold
4/28/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Lonegan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	In-Line	$15.00 ➝ $17.00	-1.25%
4/25/2025	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Pourreza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$16.00 ➝ $17.00	-1.82%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$24.00	+21.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:49 PM ET.

Should I Buy Pacific Gas & Electric Stock? PCG 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, August 21, 2026. Please send any questions or comments about these Pacific Gas & Electric pros and cons to contact@marketbeat.com.

Pacific Gas & Electric
Bull Case

Here are some ways that investors could benefit from investing in PG&E Co.:

PG&E Co. is actively implementing cost-cutting measures, targeting annual reductions in non-fuel operations and maintenance expenses, which could enhance profitability.
The company has already achieved significant savings this year through strategic sourcing and procurement initiatives, indicating effective management practices.
Recent discussions around legislative solutions for wildfire liability may lead to upgrades from credit rating agencies, potentially improving the company's financial stability.
The current stock price is around $12, which may present a buying opportunity for investors looking for value in the utility sector.
PG&E Co. serves a diverse customer base across urban and rural areas, providing a stable revenue stream from both residential and commercial sectors.

Pacific Gas & Electric
Bear Case

Investors should be bearish about investing in PG&E Co. for these reasons:

Ongoing regulatory challenges, including hearings for the 2027 general rate case, could introduce uncertainty and affect future earnings.
PG&E Co. is still navigating the complexities of wildfire cost recovery proceedings, which may impact its financial performance and investor confidence.
The company faces potential risks associated with fluctuating operational costs, which could affect its ability to maintain profitability.
Despite cost-cutting efforts, there is still "plenty of room" for improvement in operational efficiency, indicating that current measures may not be sufficient to drive significant growth.
Market volatility in the utility sector can lead to unpredictable stock performance, which may deter risk-averse investors.

PCG Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Pacific Gas & Electric is $22.20, with a high forecast of $27.00 and a low forecast of $19.00.

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pacific Gas & Electric in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCG shares.

According to analysts, Pacific Gas & Electric's stock has a predicted upside of 33.49% based on their 12-month stock forecasts.

Over the previous 90 days, Pacific Gas & Electric's stock had 1 downgrade by analysts.

Pacific Gas & Electric has been rated by research analysts at BMO Capital Markets, Morgan Stanley, Truist Financial, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like Pacific Gas & Electric more than other "utilities" companies. The consensus rating for Pacific Gas & Electric is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PCG compares to other companies.

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MarketBeat monitors more than a dozen sources for Pacific Gas & Electric analyst ratings, with the most recent rating issued on 8/21/2026.

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Pacific Gas & Electric (PCG) Stock Forecast & Price Target

Pacific Gas & Electric - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PCG Analyst Ratings Over Time

PCG Analyst Recommendations By Month

PCG Price Targets by Month

Pacific Gas & Electric Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Pacific Gas & Electric Stock? PCG Pros and Cons Explained

Pacific Gas & Electric
Bull Case

Pacific Gas & Electric
Bear Case

PCG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Pacific Gas & Electric Recommendations

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Pacific Gas & Electric (PCG) Stock Forecast & Price Target

Pacific Gas & Electric - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PCG Analyst Ratings Over Time

PCG Analyst Recommendations By Month

PCG Price Targets by Month

Pacific Gas & Electric Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Pacific Gas & Electric Stock? PCG Pros and Cons Explained

Pacific Gas & Electric Bull Case

Pacific Gas & Electric Bear Case

PCG Forecast - Frequently Asked Questions

What is Pacific Gas & Electric's forecast for 2026?

Should I buy or sell Pacific Gas & Electric stock right now?

Does Pacific Gas & Electric's stock price have much upside?

Has Pacific Gas & Electric been downgraded by Wall Street analysts recently?

What analysts cover Pacific Gas & Electric?

Do Wall Street analysts like Pacific Gas & Electric more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Pacific Gas & Electric Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Pacific Gas & Electric
Bull Case

Pacific Gas & Electric
Bear Case