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ALLETE
ALENYSE
ALLETE (NYSE:ALE) Stock, Analyst Ratings, Price Targets, Forecasts
ALLETE Inc has a consensus price target of $60.5 based on the ratings of 8 analysts. The high is $67 issued by Mizuho on May 16, 2024. The low is $50 issued by Mizuho on October 3, 2022. The 3 most-recent analyst ratings were released by Mizuho, Wells Fargo, and Guggenheim on May 16, 2024, February 21, 2024, and January 22, 2024, respectively. With an average price target of $61.33 between Mizuho, Wells Fargo, and Guggenheim, there's an implied -3.44% downside for ALLETE Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Mizuho
Wells Fargo
Guggenheim
Sidoti & Co.
B of A Securities
1calculated from analyst ratings
Analyst Ratings for ALLETE
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/16/2024 | Buy Now | 5.48% | Mizuho | Anthony Crowdell | $57 → $67 | Maintains | Neutral | Get Alert |
| 02/21/2024 | Buy Now | -7.12% | Wells Fargo | Sarah Akers | $57 → $59 | Maintains | Equal-Weight | Get Alert |
| 01/22/2024 | Buy Now | -8.69% | Guggenheim | Shahriar Pourreza | → $58 | Upgrade | Sell → Neutral | Get Alert |
| 01/10/2024 | Buy Now | 0.76% | Sidoti & Co. | Brian Russo | → $64 | Downgrade | Buy → Neutral | Get Alert |
| 07/21/2023 | Buy Now | -8.69% | Mizuho | Anthony Crowdell | $64 → $58 | Maintains | Neutral | Get Alert |
| 07/07/2023 | Buy Now | -22.86% | Guggenheim | Shahriar Pourreza | $54 → $49 | Maintains | Sell | Get Alert |
| 06/27/2023 | Buy Now | -14.99% | B of A Securities | Julien Dumoulin-Smith | $63 → $54 | Downgrade | Neutral → Underperform | Get Alert |
| 05/05/2023 | Buy Now | -0.82% | B of A Securities | Julien Dumoulin-Smith | $66 → $63 | Downgrade | Buy → Neutral | Get Alert |
| 04/06/2023 | Buy Now | 16.5% | Sidoti & Co. | Brian Russo | → $74 | Upgrade | Neutral → Buy | Get Alert |
| 01/30/2023 | Buy Now | 2.33% | Wells Fargo | Sarah Akers | $67 → $65 | Maintains | Equal-Weight | Get Alert |
| 01/24/2023 | Buy Now | 0.76% | Mizuho | Anthony Crowdell | $66 → $64 | Maintains | Neutral | Get Alert |
| 01/23/2023 | Buy Now | -14.99% | Guggenheim | Shahriar Pourreza | $53 → $54 | Downgrade | Neutral → Sell | Get Alert |
| 12/14/2022 | Buy Now | 5.48% | Wells Fargo | Neil Kalton | $60 → $67 | Maintains | Equal-Weight | Get Alert |
| 12/09/2022 | Buy Now | 2.33% | Mizuho | Anthony Crowdell | $50 → $65 | Maintains | Neutral | Get Alert |
| 11/17/2022 | Buy Now | 2.33% | JP Morgan | Richard Sunderland | → $65 | Upgrade | Underweight → Neutral | Get Alert |
| 11/14/2022 | Buy Now | 3.9% | B of A Securities | Julien Dumoulin-Smith | $53 → $66 | Upgrade | Neutral → Buy | Get Alert |
| 10/19/2022 | Buy Now | -11.84% | Wells Fargo | Sarah Akers | $65 → $56 | Maintains | Equal-Weight | Get Alert |
| 10/03/2022 | Buy Now | -21.28% | Mizuho | Paul Fremont | $58 → $50 | Maintains | Neutral | Get Alert |
| 09/16/2022 | Buy Now | -8.69% | Mizuho | Paul Fremont | $60 → $58 | Maintains | Neutral | Get Alert |
| 05/25/2022 | Buy Now | -0.82% | B of A Securities | Julien Dumoulin-Smith | → $63 | Initiates | → Neutral | Get Alert |
| 03/02/2022 | Buy Now | -5.54% | Mizuho | Paul Fremont | $66 → $60 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for ALLETE (ALE) stock?
The latest price target for ALLETE (NYSE:ALE) was reported by Mizuho on May 16, 2024. The analyst firm set a price target for $67.00 expecting ALE to rise to within 12 months (a possible 5.48% upside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for ALLETE (ALE)?
The latest analyst rating for ALLETE (NYSE:ALE) was provided by Mizuho, and ALLETE maintained their neutral rating.
When was the last upgrade for ALLETE (ALE)?
The last upgrade for ALLETE Inc happened on January 22, 2024 when Guggenheim raised their price target to $58. Guggenheim previously had a sell for ALLETE Inc.
When was the last downgrade for ALLETE (ALE)?
The last downgrade for ALLETE Inc happened on January 10, 2024 when Sidoti & Co. changed their price target from N/A to $64 for ALLETE Inc.
When is the next analyst rating going to be posted or updated for ALLETE (ALE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ALLETE, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for ALLETE was filed on May 16, 2024 so you should expect the next rating to be made available sometime around May 16, 2025.
Is the Analyst Rating ALLETE (ALE) correct?
While ratings are subjective and will change, the latest ALLETE (ALE) rating was a maintained with a price target of $57.00 to $67.00. The current price ALLETE (ALE) is trading at is $63.52, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.