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Pinnacle West Capital Corp has a consensus price target of $80.41 based on the ratings of 18 analysts. The high is $104 issued by Jefferies on September 19, 2024. The low is $67 issued by UBS on May 19, 2023. The 3 most-recent analyst ratings were released by Barclays, Wells Fargo, and Wells Fargo on November 18, 2024, November 7, 2024, and October 16, 2024, respectively. With an average price target of $91 between Barclays, Wells Fargo, and Wells Fargo, there's an implied -0.86% downside for Pinnacle West Capital Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Pinnacle West Capital (NYSE:PNW) was reported by Barclays on November 18, 2024. The analyst firm set a price target for $91.00 expecting PNW to fall to within 12 months (a possible -0.86% downside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Pinnacle West Capital (NYSE:PNW) was provided by Barclays, and Pinnacle West Capital downgraded their equal-weight rating.
The last upgrade for Pinnacle West Capital Corp happened on June 6, 2024 when Ladenburg Thalmann raised their price target to $83.5. Ladenburg Thalmann previously had a neutral for Pinnacle West Capital Corp.
The last downgrade for Pinnacle West Capital Corp happened on November 18, 2024 when Barclays changed their price target from $93 to $91 for Pinnacle West Capital Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Pinnacle West Capital, 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 Pinnacle West Capital was filed on November 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.
While ratings are subjective and will change, the latest Pinnacle West Capital (PNW) rating was a downgraded with a price target of $93.00 to $91.00. The current price Pinnacle West Capital (PNW) is trading at is $91.79, which is out of the analyst’s predicted range.
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