Summary Highlights:
- Idacorp's stock rises 1.3% following Jefferies' upgrade to 'Buy.'
- Analysts see a potential 4.03% price upside, with a high target of $131.
- Idacorp is forecasted to grow 8.3% by 2025, driven by strategic investments.
Idacorp (IDA, Financial) experienced a notable 1.3% increase in its stock value as Jefferies elevated the electricity holding company’s rating to 'Buy.' The price target was adjusted from $118 to an optimistic $133. Jefferies' newfound confidence stems from several pivotal factors, including Idacorp's robust growth strategy, successful regulatory maneuvers, and proficient management execution. The company’s integrated resource plan forecasts an impressive 8.3% growth by 2025, laying a strong foundation for future investments that promise to catalyze further expansion.
Analyst Projections and Market Sentiment
According to the insights from 8 industry analysts, Idacorp Inc (IDA, Financial) carries an average target price of $123.88 over the coming year. Expectations set a high target at $131.00 and a low at $118.00. This average projection translates into a potential upside of 4.03% from the current trading price of $119.08. For more granular details, visit the Idacorp Inc (IDA) Forecast page.
Brokerage Recommendations and GuruFocus Insights
The prevailing sentiment among 8 brokerage firms places Idacorp Inc (IDA, Financial) at an average recommendation of 2.1, signaling an "Outperform" status. The rating system ranges from 1 (Strong Buy) to 5 (Sell), positioning Idacorp favorably among investors.
Conversely, GuruFocus suggests a distinct perspective with a GF Value estimate for Idacorp Inc (IDA, Financial) positioned at $115.32 a year ahead, implying a potential downside of 3.16% from its current valuation of $119.08. The GF Value assessment reflects a calculated fair value based on Idacorp’s historical trading multiples, its past business growth, and prospective performance estimates. For a deeper dive into these metrics, visit the Idacorp Inc (IDA) Summary page.
