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 4.90% upside). 4 analyst firms have reported ratings in the last year.

The latest analyst rating for ALLETE (NYSE:ALE) was provided by Mizuho, and ALLETE maintained their neutral rating.

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.

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.

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.

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 $63.87, which is within the analyst’s predicted range.