Wells Fargo has increased its price target for NorthWestern Energy (NWE, Financial), adjusting it from $60 to $62. This decision reflects the firm’s confidence in the company’s upcoming performance for the year 2024. The bank continues to maintain an Overweight rating on the stock, indicating a positive outlook on NorthWestern Energy’s potential. This revision is based on the latest updates to the company’s financial model for the next fiscal year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for NorthWestern Energy Group Inc (NWE, Financial) is $59.93 with a high estimate of $66.00 and a low estimate of $54.00. The average target implies an
upside of 6.52%
from the current price of $56.26. More detailed estimate data can be found on the NorthWestern Energy Group Inc (NWE) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, NorthWestern Energy Group Inc’s (NWE, Financial) average brokerage recommendation is currently 1.9, indicating “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NorthWestern Energy Group Inc (NWE, Financial) in one year is $56.76, suggesting a
upside
of 0.89% from the current price of $56.26. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the NorthWestern Energy Group Inc (NWE) Summary page.
Source: gurufocus.com
