PPL (PPL) Stock Forecast & Price Target

Q: What analysts cover PPL?

PPL has been rated by research analysts at Bank of America , Barclays , BMO Capital Markets , Evercore , Jefferies Financial Group , JPMorgan Chase & Co. , Morgan Stanley , Royal Bank Of Canada , Scotiabank , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$34.22 -0.03 (-0.09%)

Closing price 10/9/2026 03:59 PM Eastern

Extended Trading

$34.21 -0.01 (-0.03%)

As of 07:10 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
4

Buy
10

Based on 14 Wall Street analysts who have issued ratings for PPL in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for PPL.

Consensus Price Target

$40.21
17.52% Upside

According to the 14 analysts' twelve-month price targets for PPL, the average price target is $40.21. The highest price target for PPL is $45.00, while the lowest price target for PPL is $35.00. The average price target represents a forecasted upside of 17.52% from the current price of $34.22.

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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PPL Analyst Ratings Over Time

Type	Current Forecast 10/12/25 to 10/12/26	1 Month Ago 9/12/25 to 9/12/26	3 Months Ago 7/14/25 to 7/14/26	1 Year Ago 10/12/24 to 10/12/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$40.21	$41.00	$41.50	$37.70
Forecasted Upside	17.52% Upside	20.20% Upside	14.93% Upside	1.29% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

PPL 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.

PPL 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.

PPL Stock vs. The Competition

Type	PPL	Utilities Companies	Broader Market
Consensus Rating Score	2.79	2.41	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	17.52% Upside	65.84% Upside	19.60% Upside
News Sentiment Rating	Neutral News See Recent PPL News	Positive News	Positive 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	Scotiabank 4 of 5 stars	Ian Rapp Not Rated	Initiated Coverage	Sector Outperform	$36.00	+12.17%
9/28/2026	Weiss Ratings 3 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
9/28/2026	Wells Fargo & Company 3 of 5 stars	Shahriar Pourreza Not Rated	Boost Target	Overweight	$43.00 ➝ $44.00	+37.29%
9/18/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Arcaro Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$42.00 ➝ $39.00	+16.92%
9/15/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen D'Ambrisi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform ➝ Sector Perform	$35.00	+3.65%
8/25/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Paul Zimbardo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$48.00 ➝ $44.00	+25.57%
8/17/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$42.00	+17.11%
8/10/2026	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	$40.00 ➝ $38.00	+7.12%
7/20/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ross Fowler Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$42.00 ➝ $39.00	+8.84%
7/16/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeremy Tonet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$42.00 ➝ $45.00	+24.60%
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7/14/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Theresa Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$39.00 ➝ $41.00	+13.71%
7/3/2026	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	Upgrade	Hold
6/4/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
2/23/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Ford Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$38.00 ➝ $41.00	+10.79%
2/23/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan Levine Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$36.00 ➝ $38.00	+1.52%
5/1/2025	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shahriar Pourreza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$38.00 ➝ $40.00	+10.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:34 AM ET.

Should I Buy PPL Stock? PPL 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 Tuesday, October 6, 2026. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL
Bull Case

Here are some ways that investors could benefit from investing in PPL Co.:

Scotiabank recently upgraded PPL Co. to a Strong-Buy rating and issued a price target of $40.00, which represents significant upside potential from the current stock price of $33.66, reflecting analyst confidence in the company's future performance.
The company offers a stable dividend yield of 3.46%, providing a consistent income stream for investors, supported by a payout ratio of 67.46% which indicates the company retains a healthy portion of earnings for reinvestment while still rewarding shareholders.
PPL Co. is positioned to benefit from rising electricity demand driven by data centers and industrial growth, with a $23 billion capital plan through 2029 aimed at modernizing infrastructure and supporting 6-8% annual earnings growth.
The stock exhibits low volatility with a beta of 0.56, making it a defensive investment that may hold up better than the broader market during economic downturns, which is attractive for risk-averse investors seeking stability.
Recent earnings results show consistent year-over-year growth, with Q2 2026 revenue up 10.8% and Q3 2026 revenue up 4.2%, demonstrating the company's ability to expand its top line despite a highly regulated environment.

PPL
Bear Case

Investors should be bearish about investing in PPL Co. for these reasons:

The stock is trading near its 52-week low of $31.56, having fallen from a high of $40.10, indicating significant downward pressure and potential concerns about the company's valuation or market sentiment.
PPL Co. carries a high debt-to-equity ratio of 1.32, which increases financial risk and interest expense obligations, potentially limiting the company's flexibility to invest in growth or weather economic shocks.
Recent insider selling activity, including a 5.87% reduction in the CFO's holdings and a 14.27% reduction in a director's holdings, may signal a lack of confidence from company insiders in the stock's near-term prospects.
The company's current ratio of 0.91 and quick ratio of 0.73 suggest potential liquidity constraints, as it has less current assets than current liabilities, which could impact its ability to meet short-term obligations.
Despite a Moderate Buy consensus, the average price target of $40.21 is only slightly above the current price, and recent analyst actions include price target cuts from firms like Bank of America and Morgan Stanley, indicating caution among some investors.

PPL Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for PPL is $40.21, with a high forecast of $45.00 and a low forecast of $35.00.

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPL shares.

According to analysts, PPL's stock has a predicted upside of 17.52% based on their 12-month stock forecasts.

Over the previous 90 days, PPL's stock had 1 upgrade and 1 downgrade by analysts.

PPL has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Scotiabank, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

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

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

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PPL (PPL) Stock Forecast & Price Target