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Pinnacle West Capital Corp has a consensus price target of $79.03 based on the ratings of 17 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 Jefferies, Morgan Stanley, and Wells Fargo on September 19, 2024, August 23, 2024, and August 2, 2024, respectively. With an average price target of $89.67 between Jefferies, Morgan Stanley, and Wells Fargo, there's an implied -0.68% 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 Jefferies on September 19, 2024. The analyst firm set a price target for $104.00 expecting PNW to rise to within 12 months (a possible 15.20% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Pinnacle West Capital (NYSE:PNW) was provided by Jefferies, and Pinnacle West Capital initiated their buy 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 March 11, 2022 when Evercore ISI Group changed their price target from N/A to $68 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 September 19, 2024 so you should expect the next rating to be made available sometime around September 19, 2025.
While ratings are subjective and will change, the latest Pinnacle West Capital (PNW) rating was a initiated with a price target of $0.00 to $104.00. The current price Pinnacle West Capital (PNW) is trading at is $90.28, which is within the analyst’s predicted range.
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