MGE Energy Inc has a consensus price target of $80.5 based on the ratings of 2 analysts. The high is $83 issued by Ladenburg Thalmann on September 11, 2025. The low is $78 issued by Morgan Stanley on April 21, 2026. The 3 most-recent analyst ratings were released by Morgan Stanley on April 21, 2026, February 2, 2026, and September 25, 2025, respectively. With an average price target of $75.33 between Morgan Stanley, there's an implied -0.43% downside for MGE Energy Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for MGE Energy (NASDAQ:MGEE) was reported by Morgan Stanley on April 21, 2026. The analyst firm set a price target for $78.00 expecting MGEE to rise to within 12 months (a possible 3.09% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for MGE Energy (NASDAQ:MGEE) was provided by Morgan Stanley, and MGE Energy maintained their underweight rating.
The last upgrade for MGE Energy Inc happened on September 11, 2025 when Ladenburg Thalmann raised their price target to $83. Ladenburg Thalmann previously had a sell for MGE Energy Inc.
There is no last downgrade for MGE Energy.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGE Energy, 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 MGE Energy was filed on April 21, 2026 so you should expect the next rating to be made available sometime around April 21, 2027.
While ratings are subjective and will change, the latest MGE Energy (MGEE) rating was a maintained with a price target of $79.00 to $78.00. The current price MGE Energy (MGEE) is trading at is $75.66, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 04/21/2026 | Buy Now | 3.09% | Morgan Stanley | $79 → $78 | Maintains | Underweight | Get Alert |
| 02/02/2026 | Buy Now | -3.52% | Morgan Stanley | $74 → $73 | Maintains | Underweight | Get Alert |
| 09/25/2025 | Buy Now | -0.87% | Morgan Stanley | $76 → $75 | Maintains | Underweight | Get Alert |
| 09/11/2025 | Buy Now | 9.7% | Ladenburg Thalmann | $69 → $83 | Upgrade | Sell → Neutral | Get Alert |
| 05/22/2025 | Buy Now | -2.19% | Morgan Stanley | $75 → $74 | Maintains | Underweight | Get Alert |
| 04/23/2025 | Buy Now | -0.87% | Morgan Stanley | $80 → $75 | Maintains | Underweight | Get Alert |
| 03/20/2025 | Buy Now | 5.74% | Morgan Stanley | $78 → $80 | Maintains | Underweight | Get Alert |
| 09/25/2024 | Buy Now | -2.19% | Morgan Stanley | $71 → $74 | Maintains | Underweight | Get Alert |
| 08/23/2024 | Buy Now | -6.16% | Morgan Stanley | $66 → $71 | Maintains | Underweight | Get Alert |
| 06/24/2024 | Buy Now | -14.09% | Morgan Stanley | $68 → $65 | Maintains | Underweight | Get Alert |
| 05/28/2024 | Buy Now | -10.12% | Morgan Stanley | $63 → $68 | Maintains | Underweight | Get Alert |
| 11/21/2023 | Buy Now | -18.05% | Morgan Stanley | $61 → $62 | Maintains | Underweight | Get Alert |
| 10/25/2023 | Buy Now | -19.38% | Morgan Stanley | $65 → $61 | Maintains | Underweight | Get Alert |
| 09/21/2023 | Buy Now | -14.09% | Morgan Stanley | $63 → $65 | Maintains | Underweight | Get Alert |
| 08/23/2023 | Buy Now | -16.73% | Morgan Stanley | $67 → $63 | Maintains | Underweight | Get Alert |
| 07/21/2023 | Buy Now | -11.45% | Morgan Stanley | $68 → $67 | Maintains | Underweight | Get Alert |
| 06/23/2023 | Buy Now | -10.12% | Morgan Stanley | $70 → $68 | Maintains | Underweight | Get Alert |