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Eversource Energy (ES) Stock Forecast & Price Target

$66.53
+0.53 (+0.80%)
(As of 08/21/2024 ET)

Eversource Energy - 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 14 Wall Street analysts who have issued ratings for Eversource Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 8 have given a hold rating, and 6 have given a buy rating for ES.

Consensus Price Target

$67.86
1.99% Upside
High Forecast$79.00
Average Forecast$67.86
Low Forecast$61.00

According to the 14 analysts' twelve-month price targets for Eversource Energy, the average price target is $67.86. The highest price target for ES is $79.00, while the lowest price target for ES is $61.00. The average price target represents a forecasted upside of 1.99% from the current price of $66.53.

TypeCurrent Forecast
8/23/23 to 8/22/24
1 Month Ago
7/24/23 to 7/23/24
3 Months Ago
5/25/23 to 5/24/24
1 Year Ago
8/23/22 to 8/23/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$67.86$66.43$65.86$81.33
Forecasted Upside1.99% Upside13.68% Upside13.31% Upside11.59% Upside
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ES 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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ES 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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Eversource Energy Stock vs. The Competition

TypeEversource EnergyUtilities CompaniesS&P 500
Consensus Rating Score
2.43
2.47
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside1.99% Upside70.26% Upside8.74% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/20/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$57.00 ➝ $66.00+0.12%
8/19/2024BMO Capital Markets
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$73.00 ➝ $70.00+6.61%
8/2/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$72.00 ➝ $79.00+19.41%
7/22/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$65.00 ➝ $69.00+12.93%
6/25/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$61.00 ➝ $61.00+5.17%
6/24/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$70.00 ➝ $67.00+15.62%
4/10/2024The Goldman Sachs Group
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 Initiated CoverageBuy$73.00+21.75%
4/4/2024UBS Group
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 UpgradeNeutral ➝ Buy$62.00 ➝ $67.00+14.63%
3/25/2024Argus
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 Lower TargetBuy ➝ Buy$85.00 ➝ $68.00+17.59%
2/15/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$58.00 ➝ $62.00+6.73%
2/15/2024Mizuho
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 UpgradeNeutral ➝ Buy$54.00 ➝ $62.00+8.66%
1/22/2024Guggenheim
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 UpgradeNeutral ➝ Buy$60.00 ➝ $72.00+34.81%
11/29/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$68.00 ➝ $69.00+15.33%
11/7/2023Evercore ISI
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 DowngradeOutperform ➝ In-Line$84.00 ➝ $65.00+14.94%
2/21/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:22 AM ET.

ES Forecast - Frequently Asked Questions

What is Eversource Energy's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Eversource Energy is $67.86, with a high forecast of $79.00 and a low forecast of $61.00.

Should I buy or sell Eversource Energy stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ES, but not buy additional shares or sell existing shares.

Does Eversource Energy's stock price have much upside?

According to analysts, Eversource Energy's stock has a predicted upside of 13.64% based on their 12-month stock forecasts.

Has Eversource Energy been upgraded by Wall Street analysts recently?

Over the previous 90 days, Eversource Energy's stock had 1 upgrade by analysts.

What analysts cover Eversource Energy?

Eversource Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Eversource Energy more than its competitors?

Analysts like Eversource Energy less than other "utilities" companies. The consensus rating score for Eversource Energy is 2.43 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how ES compares to other companies.


This page (NYSE:ES) was last updated on 8/22/2024 by MarketBeat.com Staff

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