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Southern (SO) Stock Forecast & Price Target

$81.40
+0.09 (+0.11%)
(As of 07/19/2024 ET)

Southern - 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

Based on 13 Wall Street analysts who have issued ratings for Southern in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 1 has given a sell rating, 5 have given a hold rating, and 7 have given a buy rating for SO.

Consensus Price Target

$76.50
-6.02% Downside
High Forecast$90.00
Average Forecast$76.50
Low Forecast$71.00

According to the 13 analysts' twelve-month price targets for Southern, the average price target is $76.50. The highest price target for SO is $90.00, while the lowest price target for SO is $71.00. The average price target represents a forecasted downside of -6.02% from the current price of $81.40.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$76.50$76.36$74.00$73.36
Forecasted Upside-6.02% Downside5.57% Upside6.42% Upside5.89% Upside
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SO 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.
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SO 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.
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Southern Stock vs. The Competition

TypeSouthernUtilities CompaniesS&P 500
Consensus Rating Score
2.46
2.47
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-6.02% Downside61.45% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$66.00 ➝ $71.00-8.81%
6/24/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$74.00 ➝ $71.00-10.43%
5/31/2024Bank of America
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$73.00 ➝ $79.00-0.10%
5/15/2024Argus
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 Boost TargetBuy ➝ Buy$75.00 ➝ $90.00+13.42%
5/3/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$72.00 ➝ $77.00+1.52%
4/22/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $77.00+5.84%
4/4/2024UBS Group
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 DowngradeBuy ➝ Neutral$78.00 ➝ $76.00+7.07%
4/2/2024Mizuho
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 Boost TargetBuy ➝ Buy$73.00 ➝ $76.00+6.89%
4/1/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$72.00 ➝ $76.00+7.44%
2/21/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$80.00+18.82%
12/8/2023Citigroup
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 Initiated CoverageBuy$82.00+14.45%
11/29/2023JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$69.00 ➝ $72.00+2.81%
10/9/2023Guggenheim
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 Lower Target$80.00 ➝ $72.00+10.24%
8/9/2023LADENBURG THALM/SH SH
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 Initiated CoverageBuy$72.00+4.64%
7/3/2023The Goldman Sachs Group
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 UpgradeBuy ➝ Conviction-Buy
4/28/2023VNET Group
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 Reiterated RatingMaintains
1/18/2023Credit Suisse Group
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 Boost TargetUnderperform$60.00 ➝ $70.00-0.07%
12/12/2022Wolfe Research
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 UpgradePeer Perform ➝ Outperform$76.00+11.18%
10/24/2022Bank Of America (Bofa)
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 DowngradeUnderperform
10/20/2022KeyCorp
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 UpgradeSector Weight ➝ Overweight$70.00+8.21%

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

SO Forecast - Frequently Asked Questions

What is Southern's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Southern is $76.50, with a high forecast of $90.00 and a low forecast of $71.00.

Should I buy or sell Southern stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern in the last year. There is currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SO, but not buy additional shares or sell existing shares.

Does Southern's stock price have much upside?

According to analysts, Southern's stock has a predicted upside of 4.59% based on their 12-month stock forecasts.

What analysts cover Southern?

Southern has been rated by research analysts at Argus, Bank of America, Barclays, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Southern more than its competitors?

Analysts like Southern less than other "utilities" companies. The consensus rating score for Southern is 2.46 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how SO compares to other companies.


This page (NYSE:SO) was last updated on 7/21/2024 by MarketBeat.com Staff

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