Pinnacle West Capital (PNW) Stock Price Target 2026

The average analyst price target for Pinnacle West Capital is $95.70, 10.4% below the current price. Of 14 analysts, 6 rate it Buy and 8 Hold. Targets range from $69 to $119.50. The latest change came on Oct 22, 2026, when HSBC initiated coverage of Pinnacle West Capital with a Buy rating and a $119.50 price target.

The Average Analyst Price Target for Pinnacle West Capital is $95.70.

Price Target Range — 13 Quarters

Analyst Consensus — 14 Analysts

6Buy

8Hold

Consensus RatingBuy# Analysts14Avg. Consensus PT$95.70Upside to Avg. PT-10.4%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for Pinnacle West Capital Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 22, 2026	HSBC	Meike Becker	Initiate	Buy	$120
Oct 21, 2026	Morgan Stanley	David Arcaro	PT Raise	Equal-Weight	$89→$91
Oct 5, 2026	Jefferies	Julien Dumoulin-Smith	PT Cut	Buy	$129→$109
Oct 5, 2026	Truist Securities	Richard Sunderland	PT Cut	Hold	$101→$99
Oct 1, 2026	Barclays	Nicholas Campanella	PT Cut	Equal-Weight	$108→$94
Sep 29, 2026	Scotiabank	Ian Rapp	Initiate	Sector Outperform	$104
Sep 18, 2026	Morgan Stanley	David Arcaro	PT Cut	Equal-Weight	$94→$89
Aug 21, 2026	Morgan Stanley	David Arcaro	PT Cut	Equal-Weight	$97→$94
Aug 17, 2026	Truist Securities	Richard Sunderland	PT Cut	Hold	$107→$101
Jul 22, 2026	BMO Capital	Edward DeArias	PT Cut	Market Perform	$106→$104
Jul 1, 2026	Barclays	Nicholas Campanella	PT Raise	Equal-Weight	$102→$108
May 29, 2026	Truist Securities	Richard Sunderland	PT Cut	Hold	$108→$105
May 15, 2026	TD Cowen	Shelby Tucker	PT Raise	Hold	$100→$101
May 5, 2026	Barclays	Nicholas Campanella	PT Raise	Equal-Weight	$101→$102
Apr 21, 2026	Morgan Stanley	David Arcaro	PT Cut	Equal-Weight	$99→$98
Apr 21, 2026	Truist Securities	Richard Sunderland	Initiate	Hold	$108
Apr 14, 2026	Argus Research	David Coleman	PT Raise	Buy	$95→$106
Mar 31, 2026	Barclays	Nicholas Campanella	PT Raise	Equal-Weight	$97→$101
Feb 26, 2026	Citigroup	Ryan Levine	PT Raise	Neutral	$100→$109
Feb 26, 2026	TD Cowen	Shelby Tucker	PT Raise	Hold	$97→$100

Analyst Ratings News

PRO
HSBC Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $119.5

HSBC analyst Meike Becker initiates coverage on Pinnacle West Capital (NYSE:PNW) with a Buy rating and announces Price Target of $119.5.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $91

Morgan Stanley analyst David Arcaro maintains Pinnacle West Capital (NYSE:PNW) with a Equal-Weight and raises the price target from $89 to $91.

Benzinga Newsdesk

PRO
Jefferies Maintains Buy on Pinnacle West Capital, Lowers Price Target to $109

Jefferies analyst Julien Dumoulin-Smith maintains Pinnacle West Capital (NYSE:PNW) with a Buy and lowers the price target from $129 to $109.

Benzinga Newsdesk

PRO
Truist Securities Maintains Hold on Pinnacle West Capital, Lowers Price Target to $99

Truist Securities analyst Richard Sunderland maintains Pinnacle West Capital (NYSE:PNW) with a Hold and lowers the price target from $101 to $99.

Benzinga Newsdesk

PRO
Barclays Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $94

Barclays analyst Nicholas Campanella maintains Pinnacle West Capital (NYSE:PNW) with a Equal-Weight and lowers the price target from $108 to $94.

Benzinga Newsdesk

PRO
Scotiabank Initiates Coverage On Pinnacle West Capital with Sector Outperform Rating, Announces Price Target of $104

Scotiabank analyst Ian Rapp initiates coverage on Pinnacle West Capital (NYSE:PNW) with a Sector Outperform rating and announces Price Target of $104.

Benzinga Newsdesk

Pinnacle West Capital Corp

Pinnacle West Capital (PNW) Stock Price Target 2026

The Average Analyst Price Target for Pinnacle West Capital is $95.70.

Latest Upgrades and Downgrades for Pinnacle West Capital Stock

Analyst Ratings News

PRO
HSBC Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $119.5

PRO
Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $91

PRO
Jefferies Maintains Buy on Pinnacle West Capital, Lowers Price Target to $109

PRO
Truist Securities Maintains Hold on Pinnacle West Capital, Lowers Price Target to $99

PRO
Barclays Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $94

PRO
Scotiabank Initiates Coverage On Pinnacle West Capital with Sector Outperform Rating, Announces Price Target of $104

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People Also Watch

Pinnacle West Capital Corp

Pinnacle West Capital (PNW) Stock Price Target 2026

The Average Analyst Price Target for Pinnacle West Capital is $95.70.

Latest Upgrades and Downgrades for Pinnacle West Capital Stock

Analyst Ratings News

PROHSBC Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $119.5

PROMorgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $91

PROJefferies Maintains Buy on Pinnacle West Capital, Lowers Price Target to $109

PROTruist Securities Maintains Hold on Pinnacle West Capital, Lowers Price Target to $99

PROBarclays Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $94

PROScotiabank Initiates Coverage On Pinnacle West Capital with Sector Outperform Rating, Announces Price Target of $104

People Also Watch

People Also Watch

PRO
HSBC Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $119.5

PRO
Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $91

PRO
Jefferies Maintains Buy on Pinnacle West Capital, Lowers Price Target to $109

PRO
Truist Securities Maintains Hold on Pinnacle West Capital, Lowers Price Target to $99

PRO
Barclays Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $94

PRO
Scotiabank Initiates Coverage On Pinnacle West Capital with Sector Outperform Rating, Announces Price Target of $104