$36.61
0.49[1.36%]
At close: Apr 19
$36.61
0[0.00%]
After Hours: 4:00PM EDT
PNM Resources
(NYSE:PNM)PNM Resources Stock (NYSE:PNM), Analyst Ratings, Price Targets, Predictions
PNM Resources Inc has a consensus price target of $45.71, established from looking at the 17 latest analyst ratings. The last 3 analyst ratings were released from Barclays, Barclays, and Mizuho on April 15, 2024, February 8, 2024, and January 3, 2024. With an average price target of $41.33 between Barclays, Barclays, and Mizuho, there's an implied 12.90% upside for PNM Resources Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Barclays
Mizuho
Wells Fargo
Citigroup
Wells Fargo
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for PNM Resources
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/15/2024 | PNM | Buy Now | PNM Resources | $36.61 | 17.45% | Barclays | Nicholas Campanella | $40 → $43 | Maintains | Overweight | Get Alert |
| 02/08/2024 | PNM | Buy Now | PNM Resources | $36.61 | 9.26% | Barclays | Nicholas Campanella | → $40 | Initiates | → Overweight | Get Alert |
| 01/03/2024 | PNM | Buy Now | PNM Resources | $36.61 | 11.99% | Mizuho | Anthony Crowdell | → $41 | Downgrade | Buy → Neutral | Get Alert |
| 01/03/2024 | PNM | Buy Now | PNM Resources | $36.61 | 20.19% | Wells Fargo | Anthony Crowdell | → $44 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/26/2023 | PNM | Buy Now | PNM Resources | $36.61 | 37.39% | Mizuho | Anthony Crowdell | → $50.3 | Upgrade | Neutral → Buy | Get Alert |
| 09/18/2023 | PNM | Buy Now | PNM Resources | $36.61 | 39.31% | Citigroup | Ryan Levine | $51 → $51 | Maintains | Neutral | Get Alert |
| 06/22/2023 | PNM | Buy Now | PNM Resources | $36.61 | 39.31% | Citigroup | Ryan Levine | $50.3 → $51 | Maintains | Neutral | Get Alert |
| 01/09/2023 | PNM | Buy Now | PNM Resources | $36.61 | 37.39% | Mizuho | Anthony Crowdell | $51 → $50.3 | Downgrade | Buy → Neutral | Get Alert |
| 10/20/2022 | PNM | Buy Now | PNM Resources | $36.61 | 22.92% | Wells Fargo | Jonathan Reeder | $53 → $45 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 09/07/2022 | PNM | Buy Now | PNM Resources | $36.61 | 39.31% | Mizuho | Paul Fremont | $52 → $51 | Maintains | Buy | Get Alert |
| 06/22/2022 | PNM | Buy Now | PNM Resources | $36.61 | 42.04% | Mizuho | Paul Fremont | $53 → $52 | Upgrade | Neutral → Buy | Get Alert |
| 04/29/2022 | PNM | Buy Now | PNM Resources | $36.61 | 44.77% | Wells Fargo | Jonathan Reeder | $54 → $53 | Maintains | Overweight | Get Alert |
| 04/27/2022 | PNM | Buy Now | PNM Resources | $36.61 | 47.5% | Wells Fargo | Jonathan Reeder | $50 → $54 | Maintains | Overweight | Get Alert |
| 02/09/2022 | PNM | Buy Now | PNM Resources | $36.61 | 44.77% | Mizuho | Paul Fremont | $47 → $53 | Maintains | Neutral | Get Alert |
| 12/13/2021 | PNM | Buy Now | PNM Resources | $36.61 | 36.57% | Wells Fargo | Jonathan Reeder | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 12/10/2021 | PNM | Buy Now | PNM Resources | $36.61 | 22.92% | Barclays | Eric Beaumont | — | Maintains | Underweight | Get Alert |
| 12/03/2021 | PNM | Buy Now | PNM Resources | $36.61 | 28.38% | Wells Fargo | Jonathan Reeder | — | Upgrade | Underweight → Equal-Weight | Get Alert |
FAQ
What is the target price for PNM Resources (PNM)?
The latest price target for PNM Resources (NYSE: PNM) was reported by Barclays on April 15, 2024. The analyst firm set a price target for $43.00 expecting PNM to rise to within 12 months (a possible 17.45% upside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for PNM Resources (PNM)?
The latest analyst rating for PNM Resources (NYSE: PNM) was provided by Barclays, and PNM Resources maintained their overweight rating.
When was the last upgrade for PNM Resources (PNM)?
The last upgrade for PNM Resources Inc happened on January 3, 2024 when Wells Fargo raised their price target to $44. Wells Fargo previously had an equal-weight for PNM Resources Inc.
When was the last downgrade for PNM Resources (PNM)?
The last downgrade for PNM Resources Inc happened on January 3, 2024 when Mizuho changed their price target from N/A to $41 for PNM Resources Inc.
When is the next analyst rating going to be posted or updated for PNM Resources (PNM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PNM Resources, 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 PNM Resources was filed on April 15, 2024 so you should expect the next rating to be made available sometime around April 15, 2025.
Is the Analyst Rating PNM Resources (PNM) correct?
While ratings are subjective and will change, the latest PNM Resources (PNM) rating was a maintained with a price target of $40.00 to $43.00. The current price PNM Resources (PNM) is trading at is $36.61, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.