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TransAlta Corp

TACNYSE

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TransAlta (TAC) Stock Price Target 2026 & Analyst Forecast - Benzinga

TransAlta (TAC) Stock Price Target 2026

The average analyst price target for TransAlta is $22.10, 69.9% above the current price. Of 3 analysts, 3 rate it Buy. Targets range from $19.50 to $27. The latest change came on Oct 14, 2025, when Jefferies raised its price target on TransAlta from $20 to $27 and kept a Buy rating.

The Average Analyst Price Target for TransAlta is $22.10.

Price Target Range — 5 Quarters

Analyst Consensus — 3 Analysts

3Buy

Consensus RatingBuy# Analysts3Avg. Consensus PT$22.10Upside to Avg. PT+69.9%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for TransAlta Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Mar 24, 2026	RBC Capital	Maurice Choy	Maintained	Outperform	$24
Oct 14, 2025	Jefferies	Julien Dumoulin-Smith	PT Raise	Buy	$20→$27
Aug 5, 2025	TD Securities	—	PT Raise	Buy	$19→$20
Jul 18, 2025	Scotiabank	Robert Hope	Upgrade	Sector Perform→Sector Outperform	$16→$20
May 8, 2025	RBC Capital	Maurice Choy	PT Cut	Outperform	$23→$20
Feb 18, 2025	CIBC	Mark Jarvi	Upgrade	Neutral→Outperformer	$23→$20

Analyst Ratings News

PRO
RBC Capital Reiterates Outperform on TransAlta, Maintains $24 Price Target

RBC Capital analyst Maurice Choy reiterates TransAlta (NYSE:TAC) with a Outperform and maintains $24 price target.

Benzinga Newsdesk

PRO
Jefferies Maintains Buy on TransAlta, Raises Price Target to C$27

Jefferies analyst Julien Dumoulin-Smith maintains TransAlta (NYSE:TAC) with a Buy and raises the price target from C$20 to C$27.

Benzinga Newsdesk

PRO
Scotiabank Upgrades TransAlta to Sector Outperform, Raises Price Target to C$20

Scotiabank analyst Robert Hope upgrades TransAlta (NYSE:TAC) from Sector Perform to Sector Outperform and raises the price target from C$16 to C$20.

Benzinga Newsdesk

PRO
Jefferies Upgrades TransAlta to Buy, Raises Price Target to C$20

Jefferies analyst Julien Dumoulin-Smith upgrades TransAlta (TSX:TA) from Hold to Buy and raises the price target from C$12 to C$20.

Benzinga Newsdesk

PRO
RBC Capital Maintains Outperform on TransAlta, Lowers Price Target to $20

RBC Capital analyst Maurice Choy maintains TransAlta (NYSE:TAC) with a Outperform and lowers the price target from $23 to $20.

Benzinga Newsdesk

This Bath & Body Works Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Avi Kapoor