New Jersey Resources (NJR) Stock Price Target 2026

The average analyst price target for New Jersey Resources is $56.14, 3.2% above the current price. Of 5 analysts, 3 rate it Buy and 2 Hold. Targets range from $50 to $63. The latest change came on Sep 11, 2026, when JP Morgan lowered its price target on New Jersey Resources from $64 to $63 and kept an Overweight rating.

The Average Analyst Price Target for New Jersey Resources is $56.14.

Price Target Range — 10 Quarters

Analyst Consensus — 5 Analysts

3Buy

2Hold

Consensus RatingOutperform# Analysts5Avg. Consensus PT$56.14Upside to Avg. PT+3.2%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for New Jersey Resources Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Sep 11, 2026	JP Morgan	Richard Sunderland	PT Cut	Overweight	$64→$63
Aug 5, 2026	Wells Fargo	Constantine Lednev	Downgrade	Overweight→Equal-Weight	$63→$61
May 12, 2026	Wells Fargo	Constantine Lednev	Initiate	Overweight	$63
Apr 21, 2026	Mizuho	Gabriel Moreen	PT Raise	Outperform	$54→$61
Dec 17, 2025	Mizuho	Gabriel Moreen	Upgrade	Neutral→Outperform	$51→$54
Aug 8, 2025	Raymond James	J.R. Weston	PT Raise	Outperform	$49→$50
Jun 13, 2025	Raymond James	J.R. Weston	Initiate	Outperform	$49
May 28, 2025	JP Morgan	Richard Sunderland	PT Cut	Overweight	$56→$51
May 15, 2025	Mizuho	Gabriel Moreen	PT Cut	Neutral	$52→$50
May 7, 2025	Wells Fargo	Sarah Akers	PT Raise	Equal-Weight	$51→$53
Apr 16, 2025	Mizuho	Gabriel Moreen	PT Raise	Neutral	$50→$52
Apr 1, 2025	Jefferies	Julien Dumoulin-Smith	Initiate	Hold	$51
Feb 5, 2025	Guggenheim	Shahriar Pourreza	PT Raise	Neutral	$53→$54
Jan 28, 2025	JP Morgan	Richard Sunderland	PT Cut	Overweight	$54→$52
Jan 23, 2025	Guggenheim	Shahriar Pourreza	PT Raise	Neutral	$49→$53
Dec 20, 2024	Mizuho	Gabriel Moreen	PT Raise	Neutral	$47→$50
Dec 12, 2024	JP Morgan	Richard Sunderland	Upgrade	Neutral→Overweight	$52→$54
Nov 27, 2024	Wells Fargo	Sarah Akers	PT Raise	Equal-Weight	$51→$54
Nov 27, 2024	Guggenheim	Shahriar Pourreza	PT Raise	Neutral	$46→$49
Oct 16, 2024	Wells Fargo	Sarah Akers	PT Raise	Equal-Weight	$47→$51

Analyst Ratings News

PRO
Wells Fargo Downgrades New Jersey Resources to Equal-Weight, Lowers Price Target to $61

Wells Fargo analyst Constantine Lednev downgrades New Jersey Resources (NYSE:NJR) from Overweight to Equal-Weight and lowers the price target from $63 to $61.

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PRO
Wells Fargo Initiates Coverage On New Jersey Resources with Overweight Rating, Announces Price Target of $63

Wells Fargo analyst Constantine Lednev initiates coverage on New Jersey Resources (NYSE:NJR) with a Overweight rating and announces Price Target of $63.

Benzinga Newsdesk

PRO
Mizuho Maintains Outperform on New Jersey Resources, Raises Price Target to $61

Mizuho analyst Gabriel Moreen maintains New Jersey Resources (NYSE:NJR) with a Outperform and raises the price target from $54 to $61.

Benzinga Newsdesk

PRO
Mizuho Upgrades New Jersey Resources to Outperform, Raises Price Target to $54

Mizuho analyst Gabriel Moreen upgrades New Jersey Resources (NYSE:NJR) from Neutral to Outperform and raises the price target from $51 to $54.

Benzinga Newsdesk

PRO
Raymond James Maintains Outperform on New Jersey Resources, Raises Price Target to $50

Raymond James analyst J.R. Weston maintains New Jersey Resources (NYSE:NJR) with a Outperform and raises the price target from $49 to $50.

Benzinga Newsdesk

New Jersey Resources Corp

New Jersey Resources (NJR) Stock Price Target 2026

The Average Analyst Price Target for New Jersey Resources is $56.14.

Latest Upgrades and Downgrades for New Jersey Resources Stock

Analyst Ratings News

PRO
Wells Fargo Downgrades New Jersey Resources to Equal-Weight, Lowers Price Target to $61

Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields

PRO
Wells Fargo Initiates Coverage On New Jersey Resources with Overweight Rating, Announces Price Target of $63

PRO
Mizuho Maintains Outperform on New Jersey Resources, Raises Price Target to $61

PRO
Mizuho Upgrades New Jersey Resources to Outperform, Raises Price Target to $54

PRO
Raymond James Maintains Outperform on New Jersey Resources, Raises Price Target to $50

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New Jersey Resources Corp

New Jersey Resources (NJR) Stock Price Target 2026

The Average Analyst Price Target for New Jersey Resources is $56.14.

Latest Upgrades and Downgrades for New Jersey Resources Stock

Analyst Ratings News

PROWells Fargo Downgrades New Jersey Resources to Equal-Weight, Lowers Price Target to $61

Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields

PROWells Fargo Initiates Coverage On New Jersey Resources with Overweight Rating, Announces Price Target of $63

PROMizuho Maintains Outperform on New Jersey Resources, Raises Price Target to $61

PROMizuho Upgrades New Jersey Resources to Outperform, Raises Price Target to $54

PRORaymond James Maintains Outperform on New Jersey Resources, Raises Price Target to $50

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People Also Watch

PRO
Wells Fargo Downgrades New Jersey Resources to Equal-Weight, Lowers Price Target to $61

PRO
Wells Fargo Initiates Coverage On New Jersey Resources with Overweight Rating, Announces Price Target of $63

PRO
Mizuho Maintains Outperform on New Jersey Resources, Raises Price Target to $61

PRO
Mizuho Upgrades New Jersey Resources to Outperform, Raises Price Target to $54

PRO
Raymond James Maintains Outperform on New Jersey Resources, Raises Price Target to $50